At Cryptal, we pride ourselves on listening to our customers and providing excellent service. One of our top priorities is to provide access to the most demanded and highest volume cryptocurrencies. Our first new coin to be added since launching last year is Chainlink (LINK).
Chainlink was founded and developed by Sergey Nazarov and Steve Ellis. Its ICO was held in September 2017, raising $32 million. There is a total supply of 1 billion LINK tokens, of which over 416 million are in circulation. Current market capitalization is over $11 billion.
Chainlink is interesting because it connects Ethereum smart contracts with real-world data through a decentralized network. LINK tokens are used to pay node operators. Our CTO, Giorgi Kervalishvili, also noted the opportunities LINK provides for integrating external services into smart contracts, making them even more diverse and flexible.
Chainlink is a true contributor to the world of blockchain and smart contracts. As smart contract adoption increases so does the demand for a true data security layer, thereby increasing Chainlink’s usage. This will naturally drive LINK as the standard utility token for Chainlink, leading to increased adoption and higher demand.