- Token Distribution Date 2BA
- Min. Allocation 200.00 BUSD
- Max. Allocation 1500.00 BUSD
- Token Price 1 LINK - $0.04
- Access type Seed
- Token Name LINK
- Token Symbol LINK
- Decimals 18
- Address 0x22d40020282DEMO
- Total Supply 1,000,000,000 LINK
Chainlink is a decentralized oracle network that acts as a bridge between blockchains and external data sources. It enables secure computations both on and off the blockchain, supporting hybrid smart contracts. Enterprises can connect to various blockchain networks, such as Ethereum and Solana, through Chainlink. It operates on the Ethereum platform and uses a proof-of-stake protocol. Chainlink is open-source, allowing anyone to view and contribute to its code. Its native token, LINK, is used as payment for network operators who fetch and process off-chain data and perform computations.
|Sale Begins||1.12.2023 02:00:00 UTC||1.02.2024 16:00:00 UTC|
Understanding ChainlinkChainlink is a blockchain-based decentralized oracle network that was launched in 2017.
Oracles are entities that connect blockchains to external systems, thereby allowing smart contracts to execute based on inputs and outputs originating from the blockchain.
Though traditional oracles are centralized, Chainlink decentralizes the process of moving data on and off blockchains through "hybrid smart contracts."
LINK tokens are used to reward Chainlink network operators for retrieving data from off-chain feeds, formatting data into accessible formats, and performing off-chain computations.
The Chainlink decentralized oracle network is a system of nodes that adhere to set protocols. Node operators are required to stake—lock a specific number of—their LINK tokens. Node operators set their own fees based on demand for the off-chain resource they provide.
Chainlink node operators with the largest stakes are the best positioned to earn LINK rewards.
Because Chainlink allows blockchains to exchange data with off-chain systems in a decentralized and tamper-resistant way, the Chainlink oracle network has many use cases. Chainlink has been used to fairly distribute non-fungible tokens (NFTs), gamify personal savings, and facilitate recalibrations of cryptocurrency token supplies, among other applications.
Chainlink was created by Sergey Nazarov and Steve Ellis, who authored a 2017 white paper with Ari Juels.
The network launched in 2019.
LINK is an ERC-20 token, meaning that it is compatible with other currencies and smart contracts supported by the Ethereum platform.
How Does Chainlink Differ From Ethereum?The Chainlink network is, in some ways, a complement to the Ethereum network and other blockchains. Chainlink can facilitate secure communications between Ethereum projects and various off-chain data. Because Chainlink's LINK token is built on the Ethereum platform, LINK is compliant with the Ethereum platform's protocols. Ethereum tokens can be used to spend on purchases, facilitate smart contracts, and pay miners for operating the Ethereum network.
Chainlink tokens have only a single use case, which is to pay node operators in the Chainlink network. The proof-of-stake mechanism rewards network participants for placing a freeze on the ETH they "stake" or put up as collateral for the chance to earn rewards.
Goals of ChainlinkChainlink aims to continue to grow by expanding its support for blockchain environments and facilitating new use cases for hybrid smart contracts. Because significant stores of data and records are not yet maintained within blockchains, Chainlink may have countless opportunities to connect blockchain networks with off-chain information. In 2021, the Chainlink network secured more than $75 billion of value as it grew to include over 1,000 projects.
Chainlink has a maximum supply of 1 billion token.