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What is Chainlink (LINK)?

Chainlink basic info

Name:Chainlink

Ticker:

LINKBuy now

Introduction:

Let’s dive into everything about Chainlink (LINK).

What is Chainlink (LINK)?

Chainlink is a blockchain abstraction layer that supports the connection of different smart contracts. Playing a role as a decentralized oracle network, Chainlink allows blockchains to transfer and share data in a secure mode. Like external data feeds, events and payment methods can be shared with each other on the Chainlink network.

And at the same time, in order to expand the function of the blockchain, tamper-proof modifications and reliability are guaranteed.

The Chainlink Network is a decentralized open-source community. Several data providers, node operators, Web 3 developers, smart contract developers, researchers, security auditors and more are involved in the development of the platform. LINK is a kind of reward offered to all node operators and users contributing to the network.

How does Chainlink (LINK) work?

In order to build up a decentralized network and the success of the blockchain, Chainlink allows users to become node operators. And as a node operator, they can earn revenue by running critical data infrastructure. Chainlink can become a sustainable ecosystem that keeps attracting people to contribute to the network.

One of the biggest successes of Chainlink, is inviting the Ex-Google CEO Eric Schmidt to be the strategic advisor of Chainlink. Eric Schmidt has signed on as a strategic advisor to guide the team for its future growth and development.

Chainlink provides users with critical financial market data for issuance, settlement and security for various DeFi applications. The Chainlink network has released numerous price feeds and data, securing tens of billions of dollars in funding for major DeFi applications, CeFi companies, and other financial institutions.

What can LINK tokens do?

LINK is the governance token of Chainlink with several usages:

User fee: Settle the operation fee of the smart contracts run on Chainlink

Reward for technical and service providers: In order to increase the incentive of the service providers and technicians, LINK will be offered as a reward.

Staking: LINK holders will provide tokens to the network to secure the operations and earn rewards.

Here’s the details of LINK:
Total Tokens: 1,000,000,000 LINK coins.
Circulating supply: 470,099,970 LINK coins

How to buy LINK on Bitget?

If you consider Chainlink a potential Blockchain project, you can start to find out more about its native token LINK.

If you would like to know where to buy Chainlink at the current rate, you can establish an account with an exchange like Bitget, and then fund the account with fiat by credit card, Apple pay and Google pay.

Click here to check out the latest price of LINK

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Current price:

$13.95More price details

All-time high:$52.88

All-time low:$0.1263

LINK supply and tokenomics

Circulating supply:626,850,000 LINK

Total supply:1,000,000,000 LINK

Max supply:0 LINK

Market cap:$8.75B

Fully diluted market cap:$13.95B

Token allocation:

Public Sale Events

35.00%

Node Operators and the Incentivization

35.00%

Company Development

30.00%

Tokenomics:

Uniqueness

Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi. Data providers can sell access to data directly to Chainlink, thus monetizing the information they have.

As a decentralized network, Chainlink allows users to become node operators and earn revenue by running critical data infrastructure required for blockchains’ success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in-production, which currently secure billions in value for leading DeFi applications like Synthetix , Aave , Compound and more.

Token utility

LINK is used as both a payments token and work token. As a payment token, LINK is used to pay Chainlink node operators for providing oracle services. As a work token, LINK can be staked by node operators as collateral to provide oracle services.

LINK's staking function is optional and specified by smart contract creators requesting oracle services. Failure to provide adequate oracle services would result in a node operator's LINK being deducted. The extent to which LINK is staked will depend on how willing contract creators are to utilize nodes without collateral.

Links

Website:https://chain.link/

Whitepaper:https://chain.link/whitepaper

X:https://twitter.com/chainlink

GitHub:https://github.com/smartcontractkit/chainlink

Buy Chainlink for $1Buy LINK now

What is the development prospect and future value of LINK?

The market value of LINK currently stands at $8.75B, and its market ranking is #16. The value of LINK is widely recognized by the market. When the bull market comes, the market value of LINK will likely continue to increase.

Moreover, if LINK can play a greater role in practical applications, such as Chainlink builders fully leveraging the potential of LINK, partnering with more businesses, and increasing its user base, the long-term value of LINK will be significantly enhanced.

What will the price of LINK be in 2025?

Based on LINK's historical price performance prediction model, the price of LINK is projected to reach $14.32 in 2025.

What will the price of LINK be in 2030?

In 2030, the LINK price is expected to change by +8.00%. By the end of 2030, the LINK price is projected to reach $28, with a cumulative ROI of +114.16%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of LINK and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

LINK price LINK price prediction LINK news

Is LINK worth investing or holding? How to buy LINK from a crypto exchange?

If you want to buy LINK, the following information may be helpful for your investment decisions:

In the last 7 days, the price of LINK has fallen by -4.48%, leading to negative returns for most LINK investors. The market is currently pessimistic about the price trend of LINK.

It is important to note that the current price of LINK has retreated by -73.61% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether LINK is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in LINK or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of LINK, if you want to buy or sell LINK, you can consider Bitget for your trading needs. The best place to buy LINK is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Chainlink has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Chainlink. Here's a step-by-step guide on how to buy Chainlink on Bitget.

Buy LINK now Coin buying guide

How to get Chainlink through other methods？

Using cash to buy Chainlink is not the only way to obtain Chainlink. If you have the time to spare, you can get Chainlink for free.

Learn how to earn Chainlink for free through the Learn2Earn promotion.

Earn free Chainlink by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Chainlink airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Chainlink through Bitget Convert, Bitget Swap, or spot trading.

What is Chainlink used for and how to use Chainlink?

The use case of Chainlink may expand as the crypto market and the project itself develop. Currently, you can use LINK to achieve the following goals:

Arbitrage by trading LINK: Since LINK is a frequently traded cryptocurrency, the price of LINK is always fluctuating. Earn more LINK by buying low and selling high on the exchange. Bitget spot market provides a variety of LINK trading pairs to fully meet your needs.

Earn by staking LINK: You can also generate income through financial management methods such as staking LINK or lending LINK. Bitget Earn offers a variety of financial products designed to help you earn more income from your LINK.

Send or pay LINK: If you want to give LINK to your friends, a charity, or a fundraiser, or you want to pay someone with LINK, you can quickly and easily send LINK to the recipient through their payment address.

You can also go to the official website of the Chainlink project to learn more about the use cases of LINK. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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