Chainlink is a decentralized Oracle network that acts as an intermediary between blockchain and external data.

What is Chainlink?

  • 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.
  • LINK token is a standard ERC-677 token used to pay fees for running a node in a smart contract. The node operators pull the off-chain data into the blockchain and charge fees from users. Chainlink has a reputation system allowing users to vote on the nodes that perform well to encourage service providers to maintain good service quality.
  • 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.

Key Metrics

Token NameChainlink
Token Type/ProtocolERC-20
Total Token Supply1,000,000,000 LINK
Current Circulating Supply See Coinmarketcap
Market CapitalisationSee Coinmarketcap
Token Creation Date2017
Can it be mined?Yes

Who is behind Chainlink? was founded in 2014 by Sergey Nazarov. It is an intermediary company providing external data to the blockchain which Oracle was formerly a centralized network for. 

Later in 2017, the company was renamed to Chainlink and developed a decentralized Oracle network connecting with a smart contract platform to pull the external data into the blockchain.

What is the purpose of Chainlink?

The main mission of LINK is to provide reliable oracles to startups, enterprises, and other businesses. Because ChainLink uses a group of oracles, the information gathered is a lot more reliable than traditional contracts that rely on a single input.


  • Chainlink provides a flexible structure for creating and running an Oracle network enabling users to create or connect to an Oracle network without relying on other networks.
  • Chainlink can run on the existing blockchain without the dependency on other blockchains, which makes it possible to use the public blockchain, the company’s own blockchain and other blockchains as well.
  • Chainlink uses external data from premium data providers allowing smart contracts to send orders to the nodes to prevent any form of failure.


  • Since Chainlink is built on Ethereum, Chainlink will be directly affected if the Ethereum network crashes.
  • The Oracle network is still limited to approximately 241 networks. The delays in data retrieval can sometimes occur, but Chainlink may consider adding more nodes to efficiently support the system in the future.

News and Updates:

  • Chainlink Labs has collaborated with Hedra connecting the Oracle network with the Hedera network to generate digital assets called “Tokenization”.
  • Binance Smart Chain will integrate Chainlink Data Oracle to enhance the ease of usage for payments and asset management, especially in DeFi where Binance smart chain cannot directly interact with the external sources. Although the system is more secure, it is still limited to the narrower users.
  • Grayscale’s digital large cap fund has added Chainlink to the list of its holding digital assets by buying Chainlink with cash according to the criteria of the fund.

Community & Whitepaper Links:


All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.  

Read more

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.


The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.