Chainlink
Last updated
Last updated
We’re excited to announce that Kommunitas — a tier-less, multi-chain, decentralized launchpad built on Polygon — has integrated Chainlink Keepers live on Polygon mainnet. We are leveraging Chainlink Keepers to help securely and cost-efficiently automate the calculation of IDO allocations. As a result, our launchpad’s smart contract automatically fetches the latest data on the total number of KOM staked — used to calculate each staker’s allocation in IDOs.
We decided to decentralize the calculation of IDO allocations using Chainlink Keepers because the service is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that the SetStaking function is executed on time in a trust-minimized manner, giving users additional guarantees that the launchpad experience functions exactly as intended.
Since its inception, Kommunitas’s goal has always been to be at the forefront of launchpad innovation and constantly implement new technologies and features to improve our launchpad’s experience and utility for our community.
This integration is in-line with Kommunitas’ goal, as it aids our smart contract in fetching timely and accurate data on the total number of KOM staked, used to accurately and reliably calculate allocation in IDOs for all launchpad participants.
Chainlink Keepers are a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).
Some of the notable features of Chainlink Keepers include:
Decentralized Execution — Chainlink Keepers provide reliable, trust-minimized automation with no single point of failure, mitigating risks around manual processes and centralized servers.
Increased Efficiency — Projects that use Chainlink Keepers are able to reduce time spent on DevOps, minimize operational overhead, and streamline development workflows.
Enhanced Security — Tamper-proof, Sybil-resistant Chainlink Keepers sign on-chain transactions themselves, enabling automated smart contract execution without exposing private keys.
Easy-to-use — Developers are able to schedule time-based automation jobs in seconds using the Chainlink Keepers Job Scheduler’s no-code UI.
“We are optimistic that this integration will improve Kommunitas’ user experience for our community. We’ll also continue to explore ways to integrate additional Chainlink trust-minimized services that help improve the reliability and security of our platform.” — Robby Jeo, CEO of Kommunitas.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Kommunitas
Kommunitas is a decentralized and tier-less launchpad that acts as the solution for multi-chain projects. We welcome projects from various blockchains such as Polygon, BNB Chain, Ethereum, Avalanche, Solana, and more.
After starting the first Initial KOMmunity Offering (tier-less, decentralized IDO) and Social Engagement Burning, Kommunitas has introduced something new that could be the first of its kind in the Cryptosphere.
Not only will users get a chance to earn yield, but they will also gain the opportunity to earn passive Revenue Sharing in stablecoins and KOM tokens by holding and staking.
