LINK (LINK) is the native cryptocurrency token of Chainlink, a decentralized oracle network that enables smart contracts to securely access off-chain data and execute actions on-chain. Here are some key points about LINK:$LINK
Key Features:
1. _Decentralized Oracle Network_: Chainlink provides a decentralized network of oracles for smart contracts.
2. _Off-Chain Data Access_: LINK enables smart contracts to access off-chain data, such as market data, weather data, and more.
3. _On-Chain Execution_: LINK enables smart contracts to execute actions on-chain, such as sending notifications or triggering events.
Use Cases:
1. _Smart Contract Execution_: LINK is used to pay for oracle services and execute smart contracts.
2. _Data Feeds_: LINK is used to access off-chain data feeds, such as market data and weather data.
3. _DeFi Applications_: LINK is used in decentralized finance (DeFi) applications, such as lending, borrowing, and trading.
Availability:
LINK is listed on various cryptocurrency exchanges, including Binance, Huobi