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Chainlink News

Chainlink Info

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). Chainlink stands to benefit the most from emerging blockchain-industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology. Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.

Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructures, such as Swift, DTCC, Euroclear, J.P. Morgan, Mastercard, Central Bank of Brazil, UBS, SBI, Fidelity InternationalANZ,  and many others are adopting Chainlink as fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.

Chainlink is the only all-in-one platform that fulfills the requirements of any institutional blockchain use case. The Chainlink platform enables developers and institutions to access all the critical data, interoperability, compute, compliance, privacy, and legacy-system connectivity required for advanced blockchain applications that link the onchain and offchain worlds. Chainlink solves four fundamental problems for institutions interacting with tokenized assets:

  • The data problem. Tokenized assets need real-world information to be usable in transactions, such as market pricing, reference data, and proof of reserves data. Chainlink is the market leader in bringing real-world data onchain securely and accurately.

  • The liquidity problem. Financial institutions need tokenized assets that can be securely accessed and moved across blockchain networks in order to maximize liquidity. Chainlink CCIP is the only cross-chain interoperability standard that securely connects any public or private blockchain, opening up global markets for tokenized assets.

  • The synchronization problem. Tokenized assets must remain synchronized with legacy systems once issued across multiple chains. Chainlink is the only platform that offers reliable offchain data, system connectivity, and secure cross-chain interoperability, enabling a Unified Golden Record that stays with assets anywhere.

  • The compliance problem. Regulated institutions require compliance enforcement capabilities such as identity verification (KYC), risk screening (AML), exploit protection, and asset-specific restrictions. The Chainlink Automated Compliance Engine extends existing financial infrastructure for identity and compliance data to blockchains and tokenized assets.

Since launch, the Chainlink standard has securely enabled tens of trillions in transaction value across dozens of blockchains and published tens of billions of verified messages onchain. Chainlink actively secures the large majority of DeFi protocols across different blockchains, with near total dominance on Ethereum. As a chain-agnostic platform with thousands of users across the world’s largest financial institutions and DeFi protocols, Chainlink accelerates the adoption of blockchain ecosystems and is used by tens of thousands of developers, including protocols such as AaveGMXLido, and many more.

Chainlink Social Profiles

Chainlink Technical Info

  • Blockchain
  • Consensus Not mineable
  • Hash Algorithm None
  • Inflation Fixed
  • Org. Structure Centralized
  • Development Status On-going development
  • Open Source Yes
  • Hard Wallet Support Yes

Chainlink Video

Chainlink Organization & Team

SmartContract

Technology

Smart Contracts verify an execute themselves by monitoring external data sources like digital payments, GPS or any other data that can be used to objectively prove a contract’s performance.

Chainlink
Steve Ellis

CTO

Chainlink
Ari Juels

Technical Advisor

Chainlink
Jake Brukhman

Token Sale Advisor

Chainlink
Brian Lio

Advisor

Chainlink
Andrew Miller

Technical Advisor

Chainlink ICO Details

Chainlink launched its token sale on Sep 19, 2017 and completed it on Oct 19, 2017. It raised a total of $32MM USD from 2649 contributors.

The total supply available for purchase during the token sale was 1 Billion LINK.

Chainlink ICO Stats

  • ICO Start Date Sep 19, 2017
  • ICO End Date Oct 19, 2017
  • Total Raised $32MM USD
  • Contributors 2649
  • Hard Cap $32MM USD
  • Total Supply 1 Billion LINK
  • Investor Supply 350MM LINK
  • Market Cap at ICO $91MM USD
  • ICO Conversion

    1 ETH = 2,600 LINK

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