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Delta-X Reward

Delta-X Rewards is a decentralized rewards system that grants users Delta-X tokens based on their wallet transactions.

Delta-X Reward

Created At

Superhack 2024

Project Description

Delta-X Rewards is a decentralized rewards system that grants users Delta-X tokens based on their wallet transactions. By registering their wallet address on our platform, users become eligible to earn Delta-X tokens for every transaction they make.

Problem Solved Encouraging Wallet Usage One of the challenges in the decentralized finance (DeFi) ecosystem is incentivizing users to engage more frequently with their wallets. Often, users may not be motivated to make transactions unless there's a clear benefit. Delta-X Rewards solves this problem by offering a tangible incentive: a 10% reward in Delta-X tokens for every transaction made from a registered wallet.

By promoting the registration of wallet addresses on our platform, we encourage users to interact with their wallets more often. This not only benefits the user by allowing them to accumulate rewards, but it also helps increase overall activity within the DeFi space.

Future Utility of Delta-X Tokens As the Delta-X ecosystem grows, users will have the opportunity to use their earned tokens across various DeFi platforms. Whether it’s staking, lending, or providing liquidity, the Delta-X tokens earned through transactions will have real value and utility in the broader DeFi ecosystem. This creates a compelling reason for users to register their wallet addresses and participate in the program, knowing that their rewards will have future benefits.

Features Automatic Token Rewards: Earn 10% of the transaction amount in Delta-X tokens for every transaction made from your registered wallet. Cross-Chain Tracking: We use Chainlink's CCIP (Cross-Chain Interoperability Protocol) to monitor and reward cross-chain transactions. Real-Time Monitoring: Wallet activity is tracked through Alchemy's WebSocket Service (WSS) for real-time updates and token distribution.

How it's Made

Smart Contract The Delta-X token is an ERC-20 token deployed on the Ethereum network. The smart contract is responsible for issuing rewards based on the transaction data received from Alchemy and Chainlink. Alchemy WebSocket Service Alchemy WSS is used to subscribe to real-time updates for registered wallet addresses. The service listens for transactions and triggers the reward mechanism whenever a transaction is detected. Chainlink CCIP Chainlink's Cross-Chain Interoperability Protocol (CCIP) is used to check and validate cross-chain transactions. This ensures that users are rewarded for transactions made across different blockchains.

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