Crolon Mars Integrates Chainlink Price Feeds to Help Display Accurate Prices
We’re excited to announce that Crolon Mars—a metaverse and GameFi project—has integrated Chainlink Price Feeds on Polygon mainnet. By integrating the industry-leading decentralized oracle network, Crolon Mars has access to high-quality, tamper-proof price feeds needed to help display accurate prices in our marketplace. This will provide our users with stronger assurances that the price data displayed in our marketplace reflects fair market rates.
We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Crolon Mars is a project in which users can play to receive rewards, mint NFTs, trade fungible tokens on the Cronos blockchain, and interact with other users within the Mars metaverse. Crolon Mars aims to build a multiverse that will enable an ethos of inclusivity and enable cooperation, collaboration, and innovation within the Web3 ecosystem.
The NFTs serve a vital role in creating utility by allowing consumers to use them as playable avatars, receiving increased token rewards depending on the rarity. The Crolon Mars multiverse will host other Web3 projects as “Tribes”. These other communities will be able to navigate via portals to other metaworlds.
In order to help display accurate prices on our platform, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
Crolon Mars plans to leverage Chainlink in the future beyond the current integration by integrating additional Chainlink Price Feeds and expanding to other chains.
“Chainlink Price Feeds is the most battle-tested market data solution in Web3, and it will help enhance the Crolon Mars ecosystem by enabling us to display accurate price data on our platform.”—Ian Cawrey, Founder and CEO of Crolon Mars
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
About Crolon Mars
A Cronos project with limitless potential driven by a team of loyal professionals and established partners. The Crolon Mars NFTs are packed with utility within the Mars metaverse which will also provide increased rewards within a fair GameFi system. Crolon Mars introduces a unique multiverse concept incorporating various projects to promote inclusivity within the Web3 ecosystem.
Published 25th October 2022
Crolon Mars are proud to be working in collaboration with
XY Finance, Crodex, Poodl, Voxel X Network, Seek Token, Son of Doge, Croge
and many more to come.