In this article we will discuss about ChainLink’s partnerships, and their impact on its native token – LINK’s price growth.
ChainLink is the company behind LINK cryptocurrency which recently made new all time high on all exchanges. Link is one of the Top 15 cryptocurrency by market cap. LINK is currently trading at 4.75$, and market cap is valued at 1.66 Billion dollar. LINK is one of the top 5 price gainers of 2019, LINK also made an all time high price during bear market of 2018-19. It is also only the second cryptocurrency after BNB, which made a new all time high during bear market.
LINK price growth has been directly propotional to Chainlink’s partnership announcements. In last year, ChainLink announced over 50+ partnerships through their social media channel. LINK Price saw an average rise of 10% after each and every partnership announcement. LINK’s price saw a massive surge of 50% within 48 hours after they announced partnership with Google cloud in June last year.
Chainlink is lead by Sergey Nazarov (CEO of SmartContract.com, Chainlink’s parent company). Launched as an ICO on September 19, 2017, Chainlink raised $32 Million. ChainLink provides an oracle network which connects off china/real time data to on-chain smart contracts. ChainLink offers simple API based integation solution with a smooth onboarding process. ChainLink managed to partner with over 70+ companies in last three years.
LINK Price growth in 2019
Link recorded a massive 1000% growth in May and June last year. During the same time, CHAINLINK also announced a number of partnerships Including Few Big Names like – Google and Oracle. It’s safe to say that LINK growth, was fueled mainly due to various solid partnerships.
CHAINLINK Partners
Google Cloud
Announcement Month – June’19
Chainlink and Google Cloud announced that the two would work together to make it easier for developers to develop technologies by letting them access cloud data, among other things, on public blockchains using Chianlinks oracles.
Oracle
Announcement Month – June’19
Chainlink and Oracle announced that they would work together to help startups using Chainlink’s oracles monetize their APIs on the Oracle Blockchain Platform.
Dapps Inc.
Announcement Month – June’19
Chainlink and DApps Inc. announced a partnership that will allow Salesforce users to obtain accurate and real-time data for smart contract management.
Matic Network
Announcement Month – June’19
Chainlink and Matic Network announced a partnership that would have the oracle network with the latter’s Plasma scaling solutions.
Reserve
Announcement Month – June’19
Chainlink and Reserve partner with the focus of bringing more reliable data feeds to smart contracts, specifically with the intention of helping Reserve’s stablecoin
Hedera Hashgraph
Announcement Month – May’19
Chainlink and Hedera Hashgraph collaborated with the agenda of serving Hedera’s enterprise focused public blockchain. The latter will use the decentralized oracle network much like some of the other partners, to gain access to reliable off-chain data for the development of smart contracts.
IOST
Announcement Month – May’19
Chainlink and IOST partnerd to bring the oracle solutions to IOST’s developers. THe goal to realize cross chain DApps and foster a wide variety of DApps on the IOST network.
Recent Partnerships
Binance
Announcement Month- Oct’19
Cryptocurrency exchange leader Binance announced their partnership with chainlink which will help Binance to share its crypto data to other blockchain platforms.
BetProtocol
Announcement Month – January’20
Chainlink and BetProtocol announced that they will partner to provide decentralized Esports and Sports Oracles on all of the latter’s gaming platforms.
Ethereum Classic
Announcement Month – March’20
Ethereum Classic Labs has announced its partnership with Chainlink (LINK) to bring decentralized oracles and external data to the Ethereum Classic blockchain.
Chilliz Blockchain
Announcement Month – March’20
Decentralized oracle provider Chainlink has integrated with sports token Chiliz for instant sports memorabilia. The partnership lets sports clubs mint limited-edition tokens commemorating key events.
Update – 8 March 2020
More recent Partnerships:
@etherisc – announced a working decentralized flight insurance POC live on @ethereum testnet. The design incorporates reliable flight status data (delayed or on-time) delivered by Chainlink’s decentralized oracle network.
@SwipeWallet – Swipe’s crypto payment platform is using Chainlink’s oracles for secure price conversions on point of sale transactions. They will leverage the ETH/USD Price Reference Contract & a custom-built SXP/USD feed.
Collaboration with @0xProject – bring new DEX functionality to users, ready for teams building at @EthereumDenver
Collaboration with @offchainlabs – meaning Chainlink oracles now being able to run Arbitrum, providing additional security guarantees and giving developers an entirely new level of privacy, scalability and cost-efficiency for their smart contracts.
@QANplatform – a blockchain focused on quantum resistance, will use Chainlink to integrate w/ real world data & systems. Potential use cases include decentralized sourcing of the QARK/USD price feed & secure IoT connections.
@StakingFac – joins the Chainlink ecosystem as a new node operator. Bringing enterprise-grade infrastructure & state of the art monitoring for over $18M in staked assets from 450+ customers across 7 different networks.
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Check full list of partnerships HERE
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