Everything you need to know about $LINK

Current price: $ fetching data...

Contract Address: 0x514910771af9ca656af840dff83e8264ecf986ca

Ticker: $LINK

Blockchain Network: Ethereum

Apr 9, 2024

What is $LINK?

Chainlink ($LINK) is the native cryptocurrency of the Chainlink network, a decentralized oracle platform that aims to connect smart contracts with real-world data, events, and payments. LINK is used as an incentive for node operators to provide reliable data and to secure the network through staking. Chainlink's primary goal is to enhance the functionality of smart contracts by enabling them to interact with external data sources, thereby expanding their potential applications beyond the blockchain.

Launched in 2017 by SmartContract, Chainlink addresses the problem of bringing off-chain data into blockchain environments in a secure and tamper-proof manner. The network achieves this through a decentralized network of oracles, which fetch, validate, and deliver data to smart contracts. By using multiple independent oracles and data sources, Chainlink ensures high reliability and accuracy, mitigating the risks associated with a single point of failure. This robust oracle system allows smart contracts to access data such as financial market information, weather reports, and other external inputs necessary for their execution.

$LINK has gained significant prominence in the cryptocurrency space, with a market capitalization of over $8 billion as of June 2024. It is widely traded on major cryptocurrency exchanges and has been integrated into various decentralized finance (DeFi) protocols, providing crucial data feeds for price oracles, lending platforms, and synthetic assets. Chainlink's widespread adoption and its ability to bridge the gap between blockchain and real-world data have established LINK as a key asset in the expanding ecosystem of decentralized applications and smart contracts.

View $LINK price below. This chart visualizes the current price of $LINK to the US dollar.

Here's a step by step guide on how you can buy $LINK.

Option 1: Download Tori Wallet.

Tori is the simplest self custodial mobile wallet that allows you to access crypto opportunities. Instead of buying crypto on a centralized crypto exchange (like Kraken, Coinbase, or Crypto.com), setting up a self custody wallet (like Phantom, Metamask, or Coinbase Wallet), and the 5+ other steps with accessing the world of crypto, Tori simplifies the entire experience into one simple app.

Step 1: Setup Your Account

With Tori, you'll have to do the following:

  1. Create your account with passkeys.

  2. Upload your ID to authenticate your account.

  3. Connect your bank account.

Tori Wallet is currently available on IOS and Google Play Store, but only limited to U.S residents at the moment.

Step 2: Deposit money into your trading wallet.

Once you've connected your bank account, you're able to deposit up to $50,000 USD with no fees.

It takes approximately 1-3 days for your money to settle. From there you can start accessing the world of crypto!

Step 3: Select $LINK to trade.

Once you have money in your trade balance, you can click trade.

Select $LINK

*Token prices in the screenshots below are outdated*

Step 4: Buy $LINK.

Once you select $LINK, you can now swipe to confirm your purchase.

*Token prices in the screenshots below are outdated*

Step 5 (Optional): Sell $LINK whenever you want.

Whenever you're ready to sell, you can sell $LINK and get USDC, which you can withdraw right into your bank account.

*Token prices in the screenshots below are outdated*

Option 2: Use a centralized exchange, self-custody wallet, and DEX's.

To buy $LINK as a crypto beginner, you can follow these steps:

1.Get a crypto wallet: You'll need a cryptocurrency wallet to store your LINK tokens. There are many options available, such as Coinbase Wallet, MetaMask, or Trust Wallet. Make sure to choose a wallet that supports LINK (LINK) and the Base Chain.

2. Buy Ethereum (ETH) or USDC: You'll need to buy Ethereum (ETH). You can buy these cryptocurrencies on popular exchanges like Coinbase, Binance, or Kraken.

3. Transfer ETH or USDC to your wallet: Once you've bought ETH or USDC, transfer them to your crypto wallet. Make sure to use the correct wallet address and network (Base Chain for LINK).

4. Use a decentralized exchange (DEX): To buy LINK, you'll need to use a decentralized exchange that supports the Base Chain. One popular option is Uniswap.

5. Connect your wallet to the DEX: Connect your crypto wallet to Uniswap or the DEX of your choice.

6. Swap ETH or USDC for LINK: On the DEX, select the ETH or USDC trading pair with LINK (LINK). Enter the amount of ETH or USDC you want to swap for LINK, and confirm the transaction.

7. Store your LINK token: After the swap is complete, your LINK tokens will be stored in your crypto wallet. Make sure to keep your wallet safe and secure. Remember to do your own research and exercise caution when investing in cryptocurrencies. The crypto market is highly volatile, and prices can fluctuate rapidly.

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