China CBDC completes transaction worth $162 million in ...

Sep 4 AMA SUMMARY - GILBERT VERDIAN, QUANT FOUNDER & CEO

GIL: Hi All, got about 15mins and thought to drop by.
GIL: Thank you all for the complements regarding the Forbes article. Got even more recognition from Linkedin, with clients, colleagues and supporters from large companies and governments all of the world. We're very lucky to be surrounded by such wonderful people.
Q: How are things progressing with SIA?
GIL: SIA's going very well and new announcements are coming shortly. All the stakeholders involved are very pleased with the progress and what has been accomplished.
Q: Hi Gilbert, congratulations on the Forbes piece! That was a nice update given all the fud the days before, I'm sure you read about 😉
GIL: Yes we get a lot of fud unfortunately and are dealing with it. Our clients and partners don't follow what is said on platforms such as 4chan and youtube, they only look at coprorate channels like Gartner, Forbes, FT etc.
Q: How is the team expansion going? And US plans?
GIL: We have Luke Riley who's heading up Quant Labs that has joined us this week and a new Lead Solutions Engineer starting in September. We're making public announcements on these
Q: Hi Gil, can you give us an update on any progression within health in the UK?
GIL: We're working with 2 Health departments which are not in the UK and now in the early discussions with a very large Health provider in the US
Q: Will there be an official announcement regarding HCL as it was with SIA?
GIL: Yes when we sign and announce partnerships it will be publicised. We are currently working with 2 of the Big 4 global consultancy firms who are taking our technology to their clients.
Q: re: health you've mentioned a consortium.... is that related to the 2 health departments you just mentioned or a seperate thing?
GIL: Yes
Q: Gilbert anything you can share us UUT related?
GIL: We're working on this. There will be expanded use of the QNT token related to gateways and providing enterprise and the community to the opportunity to be part of the network.
Q: You had mentioned previously the team had been working with Binance for months - is there something further to come beyond the connector integration?
GIL: We've delivered the binance connector as we promised and on time. This allows our institutional and enteprise clients to create multichain applications and use cases from their private permissioned networks to public blockchains like binance chain for the first time. We're bridging the traditional financial world with the new decentralised financial infrastructure for the first time. We are working with banks in the US that are doing this with us.
Q: Will we be seeing more public testnets added to the community SDK anytime soon?
GIL: Yes new ones coming this month plus mainnets. Enabling hyper-decentralisation across private permissioned and public permissionless blockchains.
Q: Will the capital raise be private or public?
GIL: Can't comment on this as yet we're exploring our options
Q: A word on the $10million revenue from the forbes article? I assume it is comprised from multiple sources besides licenses.
GIL: Yes.
Q: Hi Gil any comments on simbachain?
GIL: We have a call with them today to collaborate on the US Air Force engagement and deliver our technology to the military
Q: Any new updates on the hyperledger quilt reboot? And is colin still apart of that?
GIL: Haven't got an update, we're working with Quilt and are a Hyperledger member.
Q: Hiya Gilbert, any updates on the teams involvement with MOBI?
GIL: Yes, we've been asked to respond to an interoperability use case and RFP which we're happy to do
Q: Any comment on recent departures?
GIL: Yes, people come and go and we have new people who've joined, like any other company.
Q: Its been a pretty busy 2019 for you and the team so far.. how do you reflect on the past 9 months and what you've achieved?
GIL: We've delivered one of the biggest, or the
biggest blockchain implementation in financial services in the world solving interoperability at scale covering financial infrastructure. Now we're focusing on capital markets and tokenisation of securitites and digital assets in a trillion dollar market. We're very exciting with the clients and partners we have and the new work we're doing. We're now responding to new client requests, one of them being the European Space Agency and also Government, we met the FCA and also HMRC.
Q: Hi Gilbert , any plans to bring your technology to your NSW Health friends ?
GIL: Watch this space, something brewing in the Australian Government
Q: CVS Health is #1 pharmacy brand in USA with a humongous customer base? Any chances they can use Overledger
GIL: We are speaking to other large health providers in the US at a similar scale, using what we've already done in Healthcare and applying it to the US market
Q: Hi Gil 🙂 there has been some confusion about this: will Quant be listed on traditional exchanges this year or is it an idea to be evaluated in the future?
GIL: I said that digital assets will be listed on traditional exchanges by the end of the year. We're already seeing the adoption of this with SIX SDX in Europe and others in the US. We're working with AX to bring more digital assets to 800 institutional traders in an already live and connected and FINRA & SEC regulated exchange. If this isn't adoption by Wall St, I dont' know what else is!
Q: How big is the Total Addressable Market (TAM) that Quant/Overledger can serve..
GIL: Well, when you have finanical infrastructure and capital markets infrastructure globally that is powered by QNT, it's the entire financial system globally. Plus central banks now getting into this space with CBDC.
Q: Hopefully teir 1 soon for the volume thats going to be required
GIL: Let's all please stop the constant when exchange requests. We've heard you, we understand your concerns and are dealing with it. Our focus is to deliver our technology, onboard clients and drive value and mass adoption which is all reliant on QNT, in line with our utility token model and approach.
Q: Do you think Carney's recent idea about the sintethic hegemony currency is feasible?
GIL: Yes, I worked at the Bank of England. They have been working on this for quite a while, so are other central banks. I even had a call with another central bank this morning
Q: Great progress👍🏻 Are the clients already „locking in“ quant token for license?
GIL: Yes, there are now around 300 registered organisations in our developer portal that are using Overledger and QNT and these *do* include multiple global banks.
Q: Hi Gilbert, are you still in touch with Cisco about potential Overledger integration?
GIL: We're taking another approach which has wider use and access than Cisco
Q: Is the growth curve getting more vertical or is it a stable increase
GIL: We've seen an increase from steady organic growth to more clients engaging us directly now. Thanks to the recognitions in Gartner, Oracle and our partners.
We're expecting more new leads as Oracle's financial services team is taking Overledger to Oracle's clients directly. They have 480,000 clients globally and now are co-marketing with Oracle at Sibos in a couple of weeks. Where we are meeting existing financial services and banking clients and will be introduced to new ones.
Q: Wasn't there talk about a 4 bn company located in asia?
GIL: $8B - that was HCL
Q: Does quant have any involvement with Australian open banking through data61 etc
GIL: Yes, we're help shape the policy to Consumer Data Rights (open banking) which Data61 are also involved.
Q: Mr V, would love to see you have another chat with Brad Laurie.
GIL: It's on the cards
Q: When will client token lockup start to make demand impact price any way for us to see how many are locked?
GIL: The more clients that use Overledger through licensing and transaction fees paid by QNT the more QNT is used.
Q: Are you working on Qnt staking?
GIL: We're working on the Overledger gateways. More coming on this.
Q: There will be a dashboard later, No ETA
GIL: I've said, we already have the first versions of the dashboard in the developer portal. We'll evolve this as we progress
Q: I'm overloaded gil cheers what a suprise. That current market cap tho 🤭
GIL: Our focus is our clients and using our technology by real world usage and adoption. This will naturally be reflected in the market cap. We're not a cryptocurrency or a company that wants to be bitcoin. We're here to rearchitect and implement the new financial infrastructure to bring about mass adoption of blockchain and hyper-decentralisation to benefit people. The last time this opportunity came about was in the 1960's when we moved to electronic financial systems.
Q: Hey Gil, any chance we could have a more organised reddit AMA?
GIL: You know, our clients don't value any of the Reddit chatter in /cc or others. Our clients simply don't read it and don't know about it. If we are on reddit or a similar platform or not, it doesn't matter to them. Actually it doesn't matter to us either
GIL: Sorry have to drop off, have a call with the CTO of one of the Big 4 consultancies now.
submitted by robis87 to QuantNetwork [link] [comments]

ChainLink - Rank 97 with no competitors. Undervalued Gem?

What Does ChainLink Do?
In a nutshell, ChainLink aims to solve the connectivity problem, a key limiting factor for smart contract usability, and whilst it's an ERC-20 token it will not be limited to just the Ethereum blockchain.
What makes $LINK so special? Well, it's the first decentralized oracle network; allowing anyone to securely provide smart contracts with access to key external data, off-chain payments and any other API capabilities. Anyone who has a data feed, useful off-chain service such as local payments, or any other API, can now provide them directly to smart contracts in exchange for LINK tokens.
Partnerships
I will keep this brief, as you can see a full list of current and potential partnerships on https://www.reddit.com/LINKTradecomments/7mob78/list_of_chainlinks_partnershipsprojects_using/
But the main ones to look at are
The Pros
ChainLink has steadily been gaining traction ever since its downfall after the 4chan/reddit SIBOS hypetrain crash (post September). It's remained around the 90-100 rank mark and has yet to really "moon".
The Cons
So what makes ChainLink valuable?
The LINK token is used by smart contract owners to pay chainlink nodes for getting data from them and the more LINKs an oracle node has, the more reputable it is. So oracle node providers are incentivized to hold as much LINKs in their chainlink nodes to appear more reputable to the chainlink network, gaining more usage and profit
(Taken from a comment on https://www.reddit.com/CryptoCurrency/comments/7nwis4/why_i_believe_chainlink_link_is_the_most/)
Most importantly, LINK can (and will be) used for data request penalty payments to ensure that node operators provide the requested data. Penalty payments are LINK tokens that are required to be held in escrow by the smart contract. They are paid to the smart contract creator in the event any of the node operators do not meet the required data requests as stated in the smart contract. This provides an incentive for smart contract creators to trust node operators, knowing that they have a form of financial insurance (the penalty payment) in the event a node (or nodes) submit bad data.
For information that will trigger high value smart contracts, smart contract owners will want to require a proportionate amount of link to be held in escrow as penalty payments by the node operators. When link is tied up for penalty payments, it is released over the life of the contract. For example, let’s say party A wants an API snapshot sent every day for 30 days. If the penalty payment for the contract is 300 LINK (per node operator), then each node operator will have 10 LINK released to them at the end of each day – receiving the full 300 LINK at the end of the 30 days if they successfully performed the data request the smart contract asked for. Now imagine the smart contract creator wanted 10 node operators. That means 3000 LINK is taken off the market immediately, and 100 of that 3000 is released each day from the smart contract to the individual node operators (10 each per operator, assuming they provided the requested data). A cycle will be created where more and more smart contracts will make requests and node operators will be limited only by the availability of their LINK tokens to be used for penalty payments.
Add it all together and you have a singular payment method for a desired network (the most secure external data oracle), lots of supply constantly locked up to have enough link for signaling purposes (the reputation boost for a node operator), financial insurance for smart contract creators (penalty payments) for increasingly valuable triggering data in a wide variety of smart contracts, and a network poised for growth as more adapters are built and more API’s become available so that dapps can thrive on any blockchain network. Yes LINk is an ERC20 token, but it is blockchain agnostic and the adapter network can continue to grow.
LINK can also be staked!
LINK staking is another big thing that will do wonders for Chainlink's valuation. Turns out Chainlink oracles can be made into pools, similar to mining pools on bitcoin and ethereum where multiple people come and put their LINKs together to run a more secure oracle node and distribute the profits fairly between each other. This will be huge as it will effectively allow you to stake your LINK tokens and earn more of them passively without doing anything. One such pool in development is LinkPool (http://www.linkpool.io/).
Where do i buy and store LINK?
You can currently buy LINK at the following exchanges;
As an ERC-20 token, you can store LINK on your ledger or MEW wallets.
Here is a well written guide on how to purchase LINK https://www.reddit.com/LINKTradecomments/7gglfv/how_to_buy_link_chainlink_token/
Sources of Info For Own Research
P.S CEO Sergey Nazarov speaks at Bitcoin super conference next month too https://www.bitcoinsuperconference.com/speakesergey-nazarov/ as well as speaking at SXSW in march alongside Tom Gonser who is the founder and former chief strategy officer of DocuSign.
https://chainlinknodes.com/smartcontract-ceo-sergey-nazarov-speak-sxsw/
Sorry, All sounds great but i only invest based on TA
Good news, if LINK breaks 7k sats we're in for a moon too!
Edit: updated TA
https://uk.tradingview.com/x/GEBhGcKz/
Added from comments
Don't forget that AXA Insurance and Sony Corp did a test smart contract on their platform last week: https://create.smartcontract.com/#/contracts/fa4703cb68e3c152a9f47bafd57fe1fa
AXA Insurance has announced that they will be implementing blockchain: https://group.axa.com/en/newsroom/news/axa-goes-blockchain-with-fizzy
Facebook Director of Engineering joins ChainLink: https://www.financemagnates.com/cryptocurrency/news/facebook-director-engineering-joins-chainlink-advisory-board/
Zuckerberg says he will be studying crypto make Facebook better: https://www.coindesk.com/zuckerberg-to-study-cryptocurrency-in-quest-to-decentralize-facebook/
submitted by lamps92 to CryptoCurrency [link] [comments]

Daily analysis of cryptocurrencies 20190926(Market index 12 — Extreme Fear state)

Daily analysis of cryptocurrencies 20190926(Market index 12 — Extreme Fear state)

https://preview.redd.it/u839d7urvxo31.jpg?width=658&format=pjpg&auto=webp&s=8bb3d5521c7c5c5b6d80968a4d9315c234ec6ba4

Ireland Is Cautious, But Not Opposed To Facebook’s Libra, Claims Finance Minister Michael D’Arcy During an interview at Sibos 2019, Ireland’s Finance Minister Michael D’Arcy conceded that Libra and stablecoins are a challenge, adding that while some governments and departments of Finance are opposed to it, Ireland is only being cautious. He said, “We are cautious. And my role as minister has me looking at this in substantial detail. I am cautious in relation to stablecoins and in relation to Libra. My senior minister is very cautious. The Central Bank of Ireland regulator is cautious. So we’re somewhere between cautious and very cautious.” According to the minister, the benefits stablecoins can have internationally are well-understood and accepted. However, the challenges they could pose to governmental and monetary policies cannot be overlooked, D’Arcy said.
France Exempts Crypto-To-Crypto Trades From Taxes France has significantly simplified the taxation of cryptocurrencies in the country. What the country’s Finance Minister Bruno Le Maire announced affirms, on the face of it, trading one cryptocurrency for another in France will not raise any capital gains tax obligation. Otherwise, people who sell cryptocurrencies for regular government-issued money will need to pay for taxes. Click ‘Read More’ for details.
RON’s Justin Sun To Reschedule Warren Buffett Lunch ‘Very Soon’ Justin Sun, TRON founder and CEO, announced the news that he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon” during a live stream on Tuesday, Sept. 24.
Finance Ministry Of Thailand To Use Blockchain Tech Thailand’s Finance Minister Uttama Savanayana has announced that his ministry will bring Blockchain technology to upgrade system infrastructure and management efficiency in order to make life easier for citizens wanting to use government services. Uttama added that the Memorandum of Understanding (MoU) on using Blockchain technology would be signed by nine departments under MOF and Krungthai Bank at the “MOF Digital Platform is Now: Ministry of Finance brings digital platform to strengthen economy for community” event being held on Friday (September 27).

Encrypted project calendar(September 26, 2019)

ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.

Encrypted project calendar(September 27, 2019)

BTC/Bitcoin: Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th. Switcheo (SWTH): After a one-year token exchange process, the project team will officially end the SWH→SWTH token exchange process on September 27.

Encrypted project calendar(September 28, 2019)

ADA/Cardano: Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28. TOP Network (TOP): The TOP Network team will hold a hackathon in Prague, Czech Republic from September 28th to 29th. Horizen (ZEN): Horizen project BD Rep Vano Narimandize will discuss the current status and development of sidechain technology at the Industry 4.0 Blockchain Summit on September 28.

Encrypted project calendar(September 29, 2019)

GAME/GameCredits: GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999

Encrypted project calendar(September 30, 2019)

INS/Insolar: Insolar (INS) will be on September 30th ERD/Elrond: Elrond (ERD) will conduct main network test on September 30th NULS/NULS: The NULS team will plan to beta the ChainBOX in the third quarter. CS/Credits: Credits (CS) will exchange tokens and bug rewards in the third quarter QTUM/Qtum: Quantum Chain (QTUM) is expected to complete lightning network beta in the third quarter XEM/NEM: New World Bank (XEM) will release mobile wallet and computer wallet in the third quarter HC/HyperCash: hypercash (HC) will complete community management agreement in the third quarter

Encrypted project calendar(October 01, 2019)

HT/Huobi Token: The financial base public link jointly created by Firecoin and Nervos is expected to be open source in October. RVN/Ravencoin: Ravencoin (RVN) Ravencoin will perform a hard fork on October 1. ADA/Cardano: Cardano (ADA) plans to hold technical consensus meeting in Amsterdam on October 1st XRC/Bitcoin Rhodium: Bitcoin Rhodium (XRC) will record account balance awards on October 1st PPC/Peercoin: Peercoin (PPC) will perform Peercoin v0.8 (code tang lang) hard fork on October 1st

Encrypted project calendar(October 02, 2019)

BNB/Binance Coin: The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign. CAPP/Cappasity: The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.

Encrypted project calendar(October 03, 2019)

ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 12, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Yesterday, there was a nasty drop in bitcoin below the $9,000 support area against the US Dollar. The price declined close to 15% and even traded below the $8,500 level. Finally, the price settled well below the 100 hourly simple moving average and traded to a new monthly low at $8,055. Later, there was an upside correction above the $8,200 and $8,400 levels.
Moreover, the price recovered above the $8,500 level, plus the 23.6% Fib retracement level of the last major decline from the $10,087 high to $8,055 low. However, the upward move was capped by the $8,750 and $8,800 resistance levels. The bulls made a few attempts to push the price above $8,800, but they failed. As a result, the price started trading in a range below $8,800. At the outset, there is a key breakout pattern forming with resistance near $8,600 on the hourly chart of the BTC/USD pair.
To start a strong recovery, bitcoin price must surpass the $8,600 and $8,800 resistance levels. The next key resistance is near the $9,000 and $9,080 levels. Moreover, the 50% Fib retracement level of the last major decline from the $10,087 high to $8,055 low is also near the $9,070 level. Finally, there is a connecting bearish trend line forming on the same chart with resistance near $9,350 and the 100 hourly SMA.
Review previous articles: https://medium.com/@to.liuwen

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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

[uncensored-r/CryptoCurrency] ChainLink - Rank 97 with no competitors. Undervalued Gem?

The following post by lamps92 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7oqv4x
The original post's content was as follows:
What Does ChainLink Do?
In a nutshell, ChainLink aims to solve the connectivity problem, a key limiting factor for smart contract usability, and whilst it's an ERC-20 token it will not be limited to just the Ethereum blockchain.
What makes $LINK so special? Well, it's the first decentralized oracle network; allowing anyone to securely provide smart contracts with access to key external data, off-chain payments and any other API capabilities. Anyone who has a data feed, useful off-chain service such as local payments, or any other API, can now provide them directly to smart contracts in exchange for LINK tokens.
Partnerships
I will keep this brief, as you can see a full list of current and potential partnerships on https://www.reddit.com/LINKTradecomments/7mob78/list_of_chainlinks_partnershipsprojects_using/
But the main ones to look at are
  • Zeppelin OS
  • Town Crier
  • Request Network
  • SWIFT (we know SmartContract, the company behind ChainLink, are working with SWIFT on improving the efficiency of their bond payments, but nothing official regarding LINK & SWIFT yet).
The Pros
ChainLink has steadily been gaining traction ever since its downfall after the 4chan/reddit SIBOS hypetrain crash (post September). It's remained around the 90-100 rank mark and has yet to really "moon".
  • One of the strongest and most technical whitepapers out in the space atm (https://link.smartcontract.com/whitepaper)
  • Team has been working on this for 3 years and initial testnet is due to be released in Q1
  • Zero competition and first mover advantage even if there was (other oracles are currently centralized)
  • Etherscan shows that soon 95% of all available circulating LINK will be consolidated into less than 15,000 wallets and that continues to shrink as more people try to chase pumps, they're being shaken into stronger hands. As soon as Sergey's saved up LINK is finally handed over to institutions we'll see the price jump by increments of dollars and it'll be way too for most people by then (https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca)
  • Team is actively hiring more developers and a head of marketing
  • Only on one major exchange, so price likely to increase when listed on further exchanges
The Cons
  • Team is focused on development rather than shilling (take TRON for example) so lack of news/tweets to get normies on board (can be taken as a pro as you're still considered early)
  • The 4chan meme token
  • GitHub is private whilst the team work on moving from RoR to GO for Q1 Intitial Testnet release.
  • Not all team members listed on the website
So what makes ChainLink valuable?
(Taken from a comment on https://www.reddit.com/CryptoCurrency/comments/7nwis4/why_i_believe_chainlink_link_is_the_most/)
Most importantly, LINK can (and will be) used for data request penalty payments to ensure that node operators provide the requested data. Penalty payments are LINK tokens that are required to be held in escrow by the smart contract. They are paid to the smart contract creator in the event any of the node operators do not meet the required data requests as stated in the smart contract. This provides an incentive for smart contract creators to trust node operators, knowing that they have a form of financial insurance (the penalty payment) in the event a node (or nodes) submit bad data.
For information that will trigger high value smart contracts, smart contract owners will want to require a proportionate amount of link to be held in escrow as penalty payments by the node operators. When link is tied up for penalty payments, it is released over the life of the contract. For example, let’s say party A wants an API snapshot sent every day for 30 days. If the penalty payment for the contract is 300 LINK (per node operator), then each node operator will have 10 LINK released to them at the end of each day – receiving the full 300 LINK at the end of the 30 days if they successfully performed the data request the smart contract asked for. Now imagine the smart contract creator wanted 10 node operators. That means 3000 LINK is taken off the market immediately, and 100 of that 3000 is released each day from the smart contract to the individual node operators (10 each per operator, assuming they provided the requested data). A cycle will be created where more and more smart contracts will make requests and node operators will be limited only by the availability of their LINK tokens to be used for penalty payments.
Add it all together and you have a singular payment method for a desired network (the most secure external data oracle), lots of supply constantly locked up to have enough link for signaling purposes (the reputation boost for a node operator), financial insurance for smart contract creators (penalty payments) for increasingly valuable triggering data in a wide variety of smart contracts, and a network poised for growth as more adapters are built and more API’s become available so that dapps can thrive on any blockchain network. Yes LINk is an ERC20 token, but it is blockchain agnostic and the adapter network can continue to grow.
LINK can also be staked!
LINK staking is another big thing that will do wonders for Chainlink's valuation. Turns out Chainlink oracles can be made into pools, similar to mining pools on bitcoin and ethereum where multiple people come and put their LINKs together to run a more secure oracle node and distribute the profits fairly between each other. This will be huge as it will effectively allow you to stake your LINK tokens and earn more of them passively without doing anything. One such pool in development is LinkPool (http://www.linkpool.io/).
Where do i buy and store LINK?
You can currently buy LINK at the following exchanges;
  • Binance
  • Coss
  • EtherDelta
  • IDEX
  • GATE
  • Okex
As an ERC-20 token, you can store LINK on your ledger or MEW wallets.
Here is a well written guide on how to purchase LINK https://www.reddit.com/LINKTradecomments/7gglfv/how_to_buy_link_chainlink_token/
Sources of Info For Own Research
P.S CEO Sergey Nazarov speaks at Bitcoin super conference next month too https://www.bitcoinsuperconference.com/speakesergey-nazarov/ as well as speaking at SXSW in march alongside Tom Gonser who is the founder and former chief strategy officer of DocuSign.
https://chainlinknodes.com/smartcontract-ceo-sergey-nazarov-speak-sxsw/
Sorry, All sounds great but i only invest based on TA
Good news, if LINK breaks 7k sats we're in for a moon too!
Edit: updated TA
https://uk.tradingview.com/x/GEBhGcKz/
Added from comments
Don't forget that AXA Insurance and Sony Corp did a test smart contract on their platform last week: https://create.smartcontract.com/#/contracts/fa4703cb68e3c152a9f47bafd57fe1fa
AXA Insurance has announced that they will be implementing blockchain: https://group.axa.com/en/newsroom/news/axa-goes-blockchain-with-fizzy
Facebook Director of Engineering joins ChainLink: https://www.financemagnates.com/cryptocurrency/news/facebook-director-engineering-joins-chainlink-advisory-board/
Zuckerberg says he will be studying crypto make Facebook better: https://www.coindesk.com/zuckerberg-to-study-cryptocurrency-in-quest-to-decentralize-facebook/
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Bitcoin Price Down $700 in Hours. Crypto bulls would have to wait another day as the most recent surge has been halted. Bitcoin’s price lost about $700, crashing from a high of $13,859 to an intraday low of $13,142 on Binance. As CryptoPotato reported earlier today, BTC’s price came very close to breaking the peak of 2019 but failed to do so. This time around, however, the blockchain startup isn’t attending its own event. The payment settlement company is planning to attend a Swift’s Sibo 2018 conference. As the name suggests, the event is hosted by Ripple’s number one competitor SWIFT. Ripple investors and enthusiasts are expecting Ripple to make a big announcement during the event, thereby pushing the price of XRP. The homepage of the website says that Binance China is “the leading blockchain system establisher in the world.” It also seems that the company will mostly be focused on providing blockchain courses to users and businesses in China. Aside from the educational effort, the company will also begin offering other services to the burgeoning blockchain market in China, including developing ... The first IPO by a Blockchain venture will signal that the next cryptocurrency bull market is in good shape. One question is which Blockchain venture will be the the first to IPO. Candidates include Binance, Coinbase, Silvergate & tZero. Looking at the macro conditions and the IPO process offers some clues about when this will happen. Another question is what the first IPO by a Blockchain ... Hyperledger Adds to Blockchain Group in Time for Sibos Michael del Castillo Sep 26, 2016 Blockchain consortium Hyperledger today revealed five new members today. Contour, the blockchain trade finance initiative owned by eight major banks– Bangkok Bank, BNP Paribas, CTBC, HSBC, ING, Standard Chartered, SEB and Citi–ha „Bitcoin jest ekscytujący ponieważ pokazuje jak może być to tanie [red. w relacji do kosztów obsługi tradycyjnych transakcji finansowych]. Bitcoin jest lepszy niż tradycyjna waluta ponieważ nie musisz znajdować się fizycznie w tym samym miejscu [red. nie ważne w którym miejscu na świecie znajduje sie nadawca i odbiorca], dla większych transakcji zaś, tradycyjna waluta może ... Here're the key highlights from this week's two payment technology conferences - Sibos 2017 by SWIFT and Swell 2017 by Ripple. Zudem wurde Ripple zum kommenden SWIFT 2018 SIBOS Event in Australien eingeladen, dass natürlich das Gerücht unterstützt wird. Das Event wird zwischen dem 22. und 25. Oktober stattfinden und es heißt, dass das in San Francisco ansässige Blockchain-Unternehmen eine wichtige Ankündigung auf dem Event machen könnte. The blockchain was the word of the day at the Sibos Conference in Geneva. Hosted by SWIFT, the banking and finance conference saw multiple companies announce their interest in blockchain technology.

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Bitcoin & Co. per Kreditkarte auf Binance kaufen ✅

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