Discreet Integrates Chainlink Automation To Help Track Tokens Sold in Native Token Launch
A new integration to help ensure transparency and reliability during the presale.
We’re excited to announce that Discreet—a programmable, privacy-focused layer-1 network—has integrated Chainlink Automation live on BNB Chain and Ethereum mainnets. We are leveraging Chainlink Automation to securely and cost-efficiently trigger smart contracts tracking the overall balance of our native tokens sold across BNB Chain and Ethereum, helping ensure our native token is not oversold during launch. As a result, users have stronger assurances that the total amount of tokens sold across various networks will not exceed the predetermined supply cap.
We decided to use Chainlink Automation to help power an automated function calculating the tokens sold across multiple networks because it is the most reliable Web3 automation service. The Chainlink Automation Network 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 every balance calculation is executed on-time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.
Discreet is a layer-1 network that prioritizes privacy, using advanced technology and state-of-the-art cryptographic techniques to keep transactions and user information private and secure. As a programmable platform that enables smart contracts, developers can build and deploy decentralized applications on a fast, private, and secure network.
Chainlink Automation is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Automation leverages decentralized, hyper-reliable, and economically incentivized automation nodes to wake 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 Automation include:
- Highly reliable, performant, and decentralized automation — Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
- Time-tested infrastructure that helps save costs — Chainlink Automation enables us to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.
- Built to enable faster scaling — Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
- Unlocks new use cases — With smart contract automation, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.
“We have had an excellent experience with Chainlink so far,” says Brandon Koerner, Co-Founder and Lead Developer of Discreet. “Chainlink Automation plays a key role in helping secure the launch of our native token, and we look forward to integrating additional Chainlink services in the future.”
“We are excited to be using Chainlink’s reliable and secure technology on our platform. It’s critical that we can access timely updates around token balances across multiple chains, and there’s no better solution than Chainlink Automation for triggering those contracts in a reliable manner,” said Frederik Markor, Co-Founder of Discreet.
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.
Discreet believes that privacy is a human right and has built a fast layer-1 programmable cryptocurrency platform that protects users’ privacy with the latest innovations in cryptography, along with a novel Confidential Proof-of-Stake (CPoS) consensus system called Aurem. Discreet is the result of years of research and development, leveraging the innovations of a decade of blockchain development into a unique and compelling privacy-protecting platform. Learn more at Discreet.net, and follow us on Twitter @Discreet or on Telegram at t.me/Discreet.