Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

At the highest level, Chainlink is a network of oracles. A blockchain oracle is a third-party service that sources data from multiple sources in the real world to provide a blockchain with aggregated data.

Chainlink

LINK

100%

Market leadership

Chainlink
LINK

  • Chainlink is a decentralized oracle network that connects blockchains with off-chain data

  • Chainlink raised $32M in ICO, in 2017

  • Chainlink tokens, LINK, serve as currency to pay Chainlink network operators for retrieving and preparing off-chain data and performing computations

  • Chainlink's social media presence is boosting each year with 45% and 17% new followers attracted on Twitter and Reddit respectfully in the past year

75%

Overall rate

Team expertise

100%

Fundrising experience

60%

Token

100%

Industry influence

56%

Social impact

47%

Chainlink is an indispensable oracle network that provides blockchains like Ethereum, Matic Network, Hedera Hashgraph and the Binance ecosystem with real-time information. With high-profile partners that include Google, Chainlink is a promising system that looks like it will continue to introduce exciting innovations to the crypto and blockchain space.

Verdict
100%
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.
Market leadership
Project Objectives
Chainlink aims to make smart contracts an even more powerful tool by enabling them to draw on dynamic data inputs gathered from outside sources.
Competition
Chainlink's three biggest competitors are Band Protocol, API3, and WINKlink. They are Oracle Networks competing with each other to get integrated and find partnerships. However, Chainlink has ten times more partnerships and integrations than the three others combined.
100%
Chainlink was created by serial entrepreneur Sergey Nazarov, who has 10+ years of experience in C-level positions and has worked in IT since 2010. He teamed up with experienced software engineer Steve Ellis. Both of them had prior work experience with decentralized finance solutions.
Team expertise
  • 400+ employees are listed on LinkedIn

  • 30+ job openings

  • HQ: San Francisco, United States
Founders
Sergey Nazarov
co-founder and CEO at Chainlink Labs
  • Experience in finance:
    He graduated with a degree in business administration from New York University, with a focus on philosophy and administration. His professional career began as a teaching fellow at NYU Stern School of Business. In 2009, Nazarov co-founded ExistLocal, a peer-to-peer marketplace for authentic local experiences.

  • Experience with blockchain:
    In 2014, Nazarov co-founded CryptaMail, a completely decentralized, blockchain-based email service.
    Steve Ellis
    CTO
    • Experience in IT:
      Steve Ellis graduated with a degree in computer science from New York University in 2010. Right after graduating, he became a software engineer at Pivotal Labs. In 2014, he co-founded the Secure Asset Exchange, a company facilitating easy web access to a decentralized asset exchange.

    • Experience with blockchain:
      In 2014, Nazarov and Steve Ellis launched SmartContract, a platform that brings smart contracts to life by connecting them to external data and widely accepted bank payments. SmartContract was one of the entrepreneurial ventures that led to the founding of Chainlink.
      Advisors
      Eric Schmidt
      former Google CEO
      strategic advisor for Chainlink Labs

      60%
      Chainlink raised a substantial $32M on ICO in 2017, since then there's no confirmed information about other fundraising rounds.
      Fundrising experience
      $32M
      Total investments raised

      • ICO. In 2017, Chainlink raised $32M on ICO (including investments from Fundamental Labs and Andreas Schwartz)
      100%
      LINK is a Chainlink project token issued on the Ethereum blockchain. It is included in the TOP-50 cryptocurrencies by capitalization. After the launch, LINK quickly gained popularity, and its token grew in price significantly. In 2020 alone, the cost of LINK rose by several hundred percent at once. With its limited emission and project's growth, LINK is a desirable asset for crypto investors.
      Token
      Ticker: LINK

      Documents: Whitepaper

      Max Supply: 1,000,000,000

      Token distribution:

      • Community: 35%.

      • Team: 30%.

      • Investors: 35%

      Use of token: LINK is Chainlink's native token. It is a utility token that is used for various purposes on the network: to incentivize data accuracy, to keep contracts stable, and to reward nodes for their work in validating transactions.

      LINK is an ERC-20 token that has an extra ERC-223 function. This latter provides a function termed "transfer and call," which facilitates interaction with smart contracts. The more LINK tokens that a node holds, the more power it has within the PoS network.

      Alongside its function as a utility token, LINK is also a tradable cryptocurrency.
      56%
      By being a popular Layer-0 solution and having a wide partnership network with dApps and established enterprises, Chainlink has a strong position in the crypto market, as a trusted network of oracles.
      Industry influence
      • Layer-0 solution

      • Users: Enterprises that use Chainlink can access any of the major blockchain networks, including Ethereum, Solana, and Terra.

      • Integrations: oracle integrations with L1 and L2 blockchains, 1000+ partnerships and integrations

      • Enterprises involved: Google Cloud, Oracle, UNICEF, IEEE, Amazon Web Services (AWS), Associated Press (AP)

      • Developer activity: Medium
      Community Building Program
      Chainlink operates several community building programs, including Chainlink Advocate program aimed to bring local communities together to advance awareness and adoption of smart contracts. Moreover, it supports developers by providing grants to inspiring projects, holds offline and online events and has an extensive network of collaborators on social media platforms.
      47%
      Social activity metrics are well above average. Chainlink is actively expanding its presence on traditional platforms, such as Twitter and Reddit, as well as developing new communities on more local networks, including Kakao, WeChat and other platforms. Chainlink also has an active community - LINK marines, who actively promote the project on social networks.
      Social impact
      871k followers on Twitter (+45% in the past year)
      126k+ founders' Twitter followers
      78.5k users on Reddit (+17% in the past year)
      44k+ subscribers on Telegram
      110k members on Discord
      45k subscribers on Youtube
      The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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