Cryptoraves — a zero-barrier, zero-risk and zero-cost portal to the crypto experience. The project's developers believe they will make cryptography free and available to every Twitter user and provide hands-on learning. Users can launch and send personalized tokens, using only tweets. This allows anyone with an Internet and Twitter account to learn the concepts of cryptography and gain knowledge of the basics and principles of token distribution.
Contents:
Brief information about the CryptoRaves platform
Cryptoraves — the most decentralized cryptobot on Twitter. At the moment, the developers of the project are partnering with Chainlink, the market-leading decentralized network of oracles. This integration will allow developers to remove a layer of centralization from their platform by using safe and reliable Chainlink oracles to validate Twitter credentials.
This step solves the nasty regulatory issue. By offloading the verification of transaction data on Chainlink's decentralized network, Cryptoraves reduces its regulatory risk significantly. It also allows the project to add high-risk exchangeable tokens such as ETH, DAI or even LINK to their platform. Developers provide information about the project on the homepage of the site, as well as in the "Answers to Questions" section. To follow the latest news of the project, subscribe to Facebook and Twitter.
How does the LOOM project work?
All token transfers occur when users send their tokens to other users in real time. Currently, Twitter data must be fetched to a centralized repository before blockchain processing. But soon, with the activation of Chainlink oracles as validators, the storage of custom tokens will remain in the chain throughout the entire process. This means that the platform will no longer store its users' tokens. The following sections will be available in your profile:
- tokens that you gave and received;
- your balance of the remaining tokens;
- position in the leaderboard;
- any other user's portfolio.
This integration can serve as a model for other applications, looking to avoid storage problems. Verifying an oracle with Chainlink - a great way to ensure that tokens are only accessed through smart contracts and end-user wallets.