LINK is the native token of the Chainlink network – the leading decentralized oracle solution in the blockchain space. Chainlink connects smart contracts with real-world data like prices, weather, or sports results, making blockchain applications smarter and more useful.
What is LINK used for?
LINK is used to pay node operators who provide reliable data to the Chainlink network. It also acts as a form of collateral and incentive to ensure that the data being delivered is accurate and tamper-proof.
- Paying for oracle services
- Rewarding node operators for uptime and accuracy
- Securing oracle nodes through staking (upcoming)
Chainlink is used by major DeFi apps, enterprise platforms, and blockchain protocols worldwide. LINK plays a key role in powering this infrastructure.
What makes LINK unique?
- Enables blockchain apps to access real-world data
- Highly secure and decentralized oracle network
- Trusted by major DeFi protocols
- Staking model introduced to enhance long-term security
LINK on Floin
Floin supports LINK on the Polygon network. You can hold, send, and receive LINK, and benefit from exposure to one of the most critical technologies enabling smart contract adoption in the real world.
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