A series of articles about Coin and Token's Coin98, today, let's find out about ChainLink (LINK)!
- 1 What is ChainLink?
- 2 What does ChainLink solve?
- 3 The operating nature of ChainLink
- 4 What is ChainLink Coin (LINK)?
- 5 Basic information about ChainLink Copper (LINK)
- 6 Token Allocation
- 7 Token Sale
- 8 ChainLink rates (LINK) today
- 9 What is ChainLink (LINK) used for?
- 10 ChainLink (LINK) secure wallet
- 11 ChainLink (LINK)
- 12 ChainLink Copper Future (LINK)
- 13 Should ChainLink (LINK) be invested?
- 14 Summary
- 15 Le Anh
What is ChainLink?
ChainLink is a decentralized Oracle network founded in 2017 by Smart Contract Company Chainlink Ltd., based in Cayman Islands.
An easier way to understand:
ChainLink is the bridge that transfers information and data from the real world to the Blockchain and vice versa.
What does ChainLink solve?
If you learn, Smart Contract itself will not be able to interact with any data source outside the Blockchain (in 2 directions).
The lack of connectivity between input or output data sources makes it much harder to develop Smart Contract with more diverse functions.
And that's the problem that ChainLink is solving - Connectivity, the connection between Smart Contract and data outside of Blockchain.
The operating nature of ChainLink
Data entered into Blockchain through ChainLink is considered as a condition for activating Smart Contract to operate and create an output data (a payment, ownership certificate, data transfer request ...)
For example: Company A performs a sales contract for company B and the two companies have created 1 Smart Contract. In particular, company B will pay company A upon receipt of goods.
When Company B receives the goods, they will sign a digital signature with API integration that they have received the goods.
This is the input that will trigger Smart Contract to perform the output as payment from company B's bank account to company A's bank account.
Currently, ChainLink only supports Smart Contract on the platform Ethereum. However, in the future most platforms with Smart Contract will be able to use ChainLink.
What is ChainLink Coin (LINK)?
ChainLink (code: LINK) is a token in the decentralized Oracle network ChainLink. Released to the market through ICO at the end of 2017.
Currently, ChainLink (LINK) is running on Ethereum's Blockchain platform according to ERC-677 standard.
Those who want to learn more about ERC-677 can read more here: https://github.com/ethereum/EIPs/issues/677
Basic information about ChainLink Copper (LINK)
- Ticker: LINK
- Contract: 0x514910771af9ca656af840dff83e8264ecf986ca
- Decimals: 18
- Blockchain: Ethereum
- Token Standard: ERC-677
- Token type: Utility Token
- Total Supply: 1,000,000,000 LINK
- Circulating Supply: 350,000,000 LINK
- 35% were sold in the token sale round
- 35% spent Node Operator Incentives
- 30% is held by ChainLink Team
With the sale of 35% ~ 350 million LINK tokens, ChainLink earned itself 32 million dollars through two sales rounds including Pre-Sale and Public Sale.
The sale price in the Pre-Sale round is $ 0,09 plus a 20% bonus. Meanwhile, the Public Sale round of each LINK token costs $ 0,11.
Regarding the plan to lock the token and disburse the remaining 650 million LINK, it was not mentioned by the development team.
ChainLink rates (LINK) today
What is ChainLink (LINK) used for?
LINK tokens will be used to pay for Node Operators in ChainLink's network.
Node Operators are responsible for retrieving and formatting data from off-chain data into readable data on Blockchain.
ChainLink (LINK) secure wallet
LINK tokens are running on the Ethereum platform, so you can store LINK on Ethereum-enabled wallets like:
Maybe you are interested in:
In addition, you can also store LINK tokens on reputable exchanges that have allowed LINK trading.
But, you want to hold long, then limit the use of this way to avoid cases of hacked floors.
With a capitalization of up to 1,25 billion, ChainLink (LINK) is ranked 16th on Coinmaketcap After more than 1,5 years of formation and development.
Useful articles for you:
With a total trading volume of up to $ 390 million in 24 hours, showing the liquidity of LINK is currently very good.
In particular, LINK tokens are traded the most on Binance accounting for 58,99% of total trading volume.
ChainLink Copper Future (LINK)
The first unfortunate point can be said that ChainLink does not announce a specific roadmap.
However, some other positive points below will cover this weakness:
Partner of ChainLink
If you look at the ChainLink partner list, you will probably be shocked. With more than 64 partners, large and small, from many different industries.
Some names can be mentioned as Google, Oracle, Oracle StartUp, SWIFT, IC3 partner, Web3, Polkadot .... and many other Blockchain projects.
At present, ChainLink still has no competitors because ChainLink has created its own market.
Correctly address the current needs in the market.
The demand for Smart Contract in businesses and dApps will increase in the future, leading to the need to buy LINK tokens to use ChainLink.
In addition, ChainLink is led and developed by a team with extensive experience in the field.
Should ChainLink (LINK) be invested?
Through this article, I and the team Coin98 has packed the most necessary information about Copper ChainLink (LINK).
Hopefully from what has been provided in the article, you will have more data before making investment decisions with greater accuracy.
Coin98 will continue to monitor and update the latest information about this project.
Disclaimer: The article is only intended to provide information about ChainLink (LINK) and is not considered investment advice. Invest Cryptocurrency is a form of risky investment, you only participate with capital that can be lost.
If Ethereum can reach a market cap of up to $ 30 billion with just simple Tokenization, Crowdfunding and Smart Contract capabilities.
Well, ChainLink is the bridge between data and Smart Contract. Not to mention the long-term vision of scalability combining privacy for Smart Contract.
From there, you can realize the potential of ChainLink like? And according to you, can ChainLinkcap rank any position on Coinmarketcap?
Please share your opinion in the comment section below this article. Or join the discussion with the brothers in Coin98 Research Group .
Hello and see you again in the upcoming article!