What’s New With The Addition Of LINK on Coinhako?
1. Trade LINK directly with Singapore Dollars (SGD) 🇸🇬
The NEW LINK/SGD trading pair prices LINK against the 🇸🇬SGD, and our users will be able to buy & sell LINK when they fund their accounts with SGD through direct bank transfers.
2. Trade LINK directly with Vietnamese Dong Trading (VNDT) 🇻🇳
The NEW LINK/VNDT trading pair on Coinhako price. LINK against the Vietnamese Dong (VND) 🇻🇳, and our users will be able to buy & sell LINK when they fund their accounts with VND through direct bank transfers.
3. Trade LINK directly with US Dollars (USD) 🇺🇸
The NEW LINK/USD trading pair prices LINK against the 🇺🇸USD, and our users will be able to buy & sell LINK when they fund their accounts with USD with a Stablecoin deposit.
4. LINK Swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade LINK with other cryptocurrencies that are supported in their countries, with our ‘Swap’ function.
5. A LINK wallet for all
With the LINK wallet feature, Coinhako users can securely send (withdraw), receive (deposit) and store LINK.
What is CHAINLINK?
Chainlink is an Ethereum-based platform/network that aims to bridge the gap between blockchain-based smart contracts, and real world applications.
This bridge is enabled by an instrument known as ‘Oracles’ (a defi instrument, which allows the ETH network to receive external data, and execute smart contracts to run tasks on a Decentralized App (dApp). This helps to resolve the long time issue of blockchains being unable to access data outside their networks, and has tremendous potential to enhance the real-world application of blockchain technology.
LINK tokens are used as a form of payment to data providers who transfer the data onto the blockchain and might also be used for payment of data providers who bring and translate data into the blockchain.
The DeFi hype which largely revolves around the application of Ethereum smart-contracts through 2020, has given LINK a huge boost in its popularity and pricing.
LINK is trading at $17.36 USD at the time of writing.
📈View Live LINK prices HERE!
*The information presented in this article does not constitute investment advice and is purely for educational and/or informational purposes.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.