Get to know LINK.
Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as another co-founder.Â
Reporting from Coinmarketcap, Friday (6/5/2022), Chainlink's crypto token, namely LINK or Chainlink Coin, conducted an Initial Coin Offering (ICO) in September 2017, raising USD 32 million or around IDR 463.3 billion (assuming an exchange rate of IDR 14,479 per dollar US), with a total supply of 1 billion LINK tokens.
LINK, as the native cryptocurrency of decentralized oracle network Chainlink, is used to pay computer node operators. Because the Chainlink network has a reputation system, node providers holding large amounts of LINK can be rewarded with larger contracts, while failure to convey accurate information results in token depletion.
