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2022-04-18 23:30:10
How to purchase Chainlink (LINK)

What is Chainlink
What Is Chainlink (LINK)?
Founded in 2017, 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.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
To learn more about this project, check out our deep dive of Chainlink.
Who Are the Founders of Chainlink?
Sergey Nazarov is a co-founder and CEO at Chainlink Labs. 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.
In 2014, he also co-founded CryptaMail, a completely decentralized, blockchain-based email service. In 2014, Nazarov teamed up with Steve Ellis and 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 Sergey Nazarov to the founding of Chainlink.
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.
What Makes Chainlink Unique?
Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. 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.
As a decentralized network, Chainlink allows users to become node operators and earn revenue by running critical data infrastructure required for blockchains’ success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in-production, which currently secure billions in value for leading DeFi applications like Synthetix, Aave, yEarn and more.
Related Pages:
Read more about OctoFi.
Find out more about Benchmark Protocol.
Learn more about Decentralized Data Governance.
Have a look at the CoinMarketCap blog.
How Many Chainlink (LINK) Coins Are There in Circulation?
During the initial coin offering (ICO) for LINK, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens. The current supply is about 419,009,556 LINK tokens, or about 42% of the total supply.
According to the ICO documentation, 35% of the total token supply will go towards node operators and the incentivization of the ecosystem. Another 35% of LINK tokens were distributed during public sale events. Lastly, the remaining 30% of the total token supply was directed towards the company for the continued development of the Chainlink ecosystem and network.
How Is the Chainlink Network Secured?
As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators.
PoS protocols were created with the idea to battle the vast power consumption required by PoW systems. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable. While PoW has proven itself a reliable consensus mechanism, Ethereum and all other ERC-20 tokens have been growing rapidly and setting the trend in the space.
Where Can You Buy Chainlink (LINK)?
Chainlink and the LINK token are among the most popular cryptocurrencies on the market. Considering this, a lot of exchanges have pushed to start offering trades in LINK. One top exchange to buy Chainlink is Binance.
Other exchanges offering trades in LINK include:

Huobi Global
Coinbase Pro
Gate.io
Kraken

It is important to consider the fact that investing in cryptocurrency carries risk, just like any other investment.
Find more information here about buying cryptos.
How to buy LINK?
  • How to buy LINK on Neko Invest app
    For more information:
    How to download and use Neko Invest app
    • Step 1 :  Create/Login to your Neko Invest app account
    • Step 2 :  Go to Market page, click on the Search icon and search LINK in the search bar.
    • Step 3 :  Click on LINK logo and choose Invest.
    • Step 4 :  Entering the amount of LINK that you want to buy. Then click on the Get Quotes button.
    • Step 5 :  Swipe the Swipe to swap button and now you own LINK. You can check your LINK balance in your wallet by going to Wallet page.
Contract Addresses
Chainlink (Avalanche Contract Chain) : 0x5947bb275c521040051d82396192181b413227a3
Chainlink (Fantom) : 0xb3654dc3D10Ea7645f8319668E8F54d2574FBdC8
Chainlink (Polygon) : 0x53e0bca35ec356bd5dddfebbd1fc0fd03fabad39
Chainlink (Heco) : 0x9e004545c59d359f6b7bfb06a26390b087717b42
Chainlink (Xdai chain) : 0xE2e73A1c69ecF83F464EFCE6A5be353a37cA09b2
Wrapped Chainlink (Sollet) (Solana) : CWE8jPTUYhdCTZYWPTe1o5DFqfdjzWKc9WKz6rSjQUdG
ChainLink Token (Binance Smart Chain) : 0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd
ChainLink Token (Ethereum) : 0x514910771af9ca656af840dff83e8264ecf986ca
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