TipMeACoffee Integration with Chainlink PriceFeeds, providing users with stronger assurances that price conversions of their native token are calculated using fair market rates.

Their initial integration involves the use of the following Chainlink Price Feed: BNB/USD. They chose Chainlink as their 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. As TipMeACoffee Integration with Chainlink PriceFeeds.

TipMeACoffee is one of the premier Web3 SocialFi projects providing its users a truly decentralized social media (micro-blogging) platform with DeFi elements. Based on a proof-of-likes mechanism, TipMeACoffee users earn rewards for their time and activity on the platform. Currently, the TMAC (TipMeACoffee) token is available on BNB Chain but its soon to become a multi-chain token.

Chainlink Price Feeds

• 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.

“Without any doubt, Chainlink provides the top oracle services in the blockchain industry. The integration of Chainlink trust-minimized services will help get TipMeACoffee closer to achieving its goal of building a decentralized social media platform.” — Breeze Foundation

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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. Leverage secure off-chain computations for enabling feature-rich applications.

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About TipMeACoffee

TipMeACoffee is a decentralized social media platform with an intent to ensure true freedom of speech. A social media platform which rewards its users through tokenization and ensure that no censorship or centralization exists.

Website | Twitter

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SOURCE: MEDIUM

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