ChainLink is a blockchain-base middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments. This way, ChainLink allows Smart Contracts to communicate with external resources on their own. LINK is an ERC20 token based on the Ethereum Blockchain. It is used to pay ChainLink Node operators for the retrieval of data from off-chain data feeds, formatting of data into blockchain readable formats, off-chain computation, and uptime guarantees they provide as operators. 

ChainLink is a blockchain-base middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments. This way, ChainLink allows Smart Contracts to communicate with external resources on their own. LINK is an ERC20 token based on the Ethereum Blockchain. It is used to pay ChainLink Node operators for the retrieval of data from off-chain data feeds, formatting of data into blockchain readable formats, off-chain computation, and uptime guarantees they provide as operators. 

Team:

• Sergey Nazarov: CEO
• Steve Ellis: CTO

The ChainLink ICO began on the 19th of September and quickly sold out, reaching its $32,000,000 hard cap. During the crowdsale, 35% of the total 1 billion supply was sold to project supporters. The starting price was ~0.00038 ETH. Ether was the only accepted payment method.

Token Reserve Split (65%):

• 35% going to Node Operators and to Incentivize the Ecosystem
• 30% will go to the Company for Continued Development

The ChainLink ICO featured a bonus campaign.

Bonus Structure:

• First 24 Hours 1 ETH = 2600 LINK
• Week 1 1 ETH = 2275 LINK
• Week 2 1ETH = 2145 LINK
• Week 3 1 ETH = 2015 LINK
• Week 4 1 ETH = 1885 LINK