DRIFT Labs, a leading GameFi studio, has announced the company has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), resumed trading on Uniswap, and implemented a token burn of one billion DRIFT tokens.
The integration of Chainlink’s CCIP also enables DRIFT token holders to easily port their assets directly from Ethereum to Binance Chain or Polygon and vice versa to improve 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 Risk Management Network of the protocol means that there is a constantly operating cross-chain check for suspicious activity.
According to the 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.
DRIFT Labs has also implemented a deflationary measure by burning one billion DRIFT tokens, reducing the total supply by ten percent.
The company further intends to sustain quarterly burns in the future in an attempt to establish scarcity and possibly the value appreciation of tokens possessed by investors.
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.
Also Read: Chainlink CCIP Revenue Skyrockets 180% Amid Massive Adoption
