Their ICO was sold out in less than 5 minutes and that created a ****storm of negative social coverage by those who were not able to buy in. Sold out $30m that fast.
Today Chainlink (LINK) listed on Binance and its value has shot up by 84% since it listed (and it's already 4x ICO price).
What's exciting about Chainlink? From a recent Reddit post:
"ChainLink is a ERC-20 token on the Ethereum blockchain that will connect outside data to the blockchain. This is known as acting as an oracle. Since it is an ERC-20 token you can store it in any ETH address, no new complicated wallet required.
Smartcontracts are cool and all, but in their currently iteration, are basically limited to funding ICOs (not cool). They are essentially useless. We need oracles to provide real, accurate, decentralized data from outside the blockchain to smartcontracts so they work intelligently. ChainLink does all of this.
ChainLink also won a competitive bidding process last year to win the opportunity to develop a Proof-of-Concept with SWIFT. SWIFT is the largest international banking communications system, with over 11,000 partner banks. When a bank needs to send an international wire they use the SWIFT network to process this. ChainLink is the only blockchain partnered with SWIFT to facilitate this process.
SWIFT hates Ripple for numerous reason, and would love nothing more than to see the useless project turn to dust. ChainLink can essentially make Ripple useless as it will enable financial institutions to still utilize SWIFT and connect to other blockchains via ChainLink. This will enable decentralized, fast, cheap, transfers between financial institutions and blockchain. Literally the future and financial remittance. Ripple has a $7.5 billion marketcap.
ChainLink's current marketcap is only $93m, which is laughably low for a project of this caliber, that already had as working project. How many ICOs have you contributed to in the past 5 months that do not have a working product?
Now for those of you who say, "Marketcap doesn't matter". Fine. The coin is trading at only 27 cents. That's right not $27, but 27 cents. Anyway you slice this valuation (marketcap or current price), it is massively undervalued for a project that has a partnership with the de-facto international financial transfer communication network, has practically no real competitors, has a working product, and has been developing for over 3 years.
The Proof-of-Concept with SWIFT will be demonstrated in a few weeks at SIBOS, which is one of the largest financial conferences in the world. Numerous bank executives and very influential people will see first hand the future of financial remittances, showcased by ChainLink. This is like getting into ETH at $5, BTC at $80, OMG at $.80. The groundfloor.
You can also run a node, which will essentially create an oracle so that people can use the data you provide for their smartcontracts. There are 350m coins that have been set aside to incentivize node operators, no limitation on the amount you need to stake. Unlike most other coins."
Imagine when it starts trading in the bigger exchanges?
Good post piedad you put the pie in the dad