Money Tree Integrates Chainlink VRF To Help Power Its Statistically Fair Games and Prizes
We’re excited to announce that Money Tree — the fair and fun blockchain gaming token — has integrated Chainlink Verifiable Random Function (VRF) on the Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to reward players and produce game results in a verifiably fair and random fashion. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can rest assured that the games they’re playing are verifiably fair and cannot be tampered with.
Money Tree is a fully on-chain deflationary and decentralized gaming token. The $MONEY token passively rewards investors with dividends and royalties from sales of the 1 million unique NFTs that are randomly generated on launch. The Money Tree token also automatically enters all investors into a lucky draw built directly into the token, which pays out in USDC and costs nothing to play. The $MONEY token is used as an underlying currency to play minigames and purchase NFTs on the Money Tree website. All minigames are hosted entirely on-chain with guaranteed fairness supported by the utilization of Chainlink VRF. 100% of all prize rewards are kept by players and there is no “house edge” in our statistically fair games.
In order to produce verifiably fair results for our minigames & loot boxes, we need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by time-tested oracle infrastructure, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts.
Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Money Tree smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurances directly on-chain that Money Tree games, lottery, and prizes are provably fair and have not been tampered with by the oracle, outside entities, or the Money Tree team.
As the Money Tree user base increases we will be developing more verifiably fair games to further broaden the appeal of the Money Tree ecosystem. We plan to further automate our on-chain processes through integrating Chainlink Keepers, which will assure players that Money Tree minigames can continue to run without the need to manually trigger functions at any point in the process, further increasing the decentralized nature of the Money Tree token.
“Ensuring statistical fairness and removing the ‘house edge’ has always been one of the core principles for the team whilst developing the Money Tree token. Integrating with Chainlink VRF has empowered us with the capability to develop a decentralized gaming token with no external off-chain dependencies. Chainlink continues to be the gold standard for oracle solutions and we look forward to integrating with more Chainlink decentralized services.” — Founder of Money Tree
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 read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Money Tree
Money Tree is dedicated to fair and fun blockchain gaming. Money Tree utilizes the latest technology and innovative solutions to deliver a truly unique, fully decentralized, and statistically fair gaming experience into the cryptocurrency ecosystem.
Join the fair and fun blockchain gaming revolution and find out more about how Money Tree token rewards investors at https://moneytreecoin.io/ or take part in the discussion on our Telegram or Twitter channels:
Contract address: 0x2d5b21074D81Ae888c01722ec0657f20521be893
