Home > web3.0 > DRIFT Labs Integrates Chainlink CCIP, Resumes Trading on Uniswap, and Implements Token Burn

DRIFT Labs Integrates Chainlink CCIP, Resumes Trading on Uniswap, and Implements Token Burn

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Release: 2024-07-04 10:34:53
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DRIFT Labs, a leading GameFi studio, has announced the company has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP)

DRIFT Labs Integrates Chainlink CCIP, Resumes Trading on Uniswap, and Implements Token Burn

GameFi studio DRIFT Labs has announced several new developments, including the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the resumption of DRIFT token trading on Uniswap, and the implementation of a token burn of 1 billion DRIFT tokens.

The integration of Chainlink’s CCIP enables DRIFT token holders to easily port their assets directly from Ethereum to Binance Chain or Polygon and vice versa. This cross-chain functionality is designed to improve the user experience on websites and make them more responsive for users across various blockchain sectors.

DRIFT Labs chose Chainlink’s CCIP for its proven track record in security and reliability within the Web3 industry. The protocol’s Risk Management Network ensures a constant cross-chain check for suspicious activity.

According to a recently released report, DRIFT Labs has resumed DRIFT token trading on Uniswap to foster the development of a better trading climate for the DRIFT community and investors. In addition, DRIFT Labs is partnering with Team Finance for token lockups, liquidity locks, and token vesting for sustainable growth and governance.

Furthermore, DRIFT Labs has implemented a deflationary measure by burning 1 billion DRIFT tokens, reducing the total supply by 10%. The company plans to sustain quarterly burns in the future to establish scarcity and potentially appreciate the value of tokens held by investors.

Finally, new staking pools have been introduced on Team Finance, offering DRIFT token holders the opportunity to earn ETH, BNB, and Matic rewards from game revenue.

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source:kdj.com
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