There are some blockchain projects whose unique style sets them apart from the rest of the pack. According to billionaire Tyler Winklevoss, Chainlink (LINK) is one such project.
Winklevoss, co-founder and CEO of cryptocurrency exchange Gemini, which incidentally just hit 100,000 followers on Twitter, expressed his appreciation for the “LINK Marines,” likening their passion to that of the “early Bitcoin and Ethereum communities.”
The compliment seems well suited for a bunch that appears able to keep their nose to the grindstone and eye on the prize. LINK Marines is a reference to holders of the 11th biggest cryptocurrency based on market cap.
New kid on the block?
Chainlink is hardly a new kid on the block. The oracle network, which serves as a bridge for smart contracts and “real-world data,” has been around since 2014 (formerly known as SmartContract). Chainlink nodes pull data from the internet and broadcast it onto the Ethereum blockchain for smart contracts to access. The technology is deemed breakthrough because otherwise smart contracts are limited to their native blockchains. Chainklink therefore has the potential to bring smart contracts mainstream.
The LINK price had been on a tear of late, gaining some 50% from April 5 to April 12 throughout the global economic turmoil but taking it on the chin today with a 6% decline.
Tyler Eyes LINK
You would be forgiven for thinking that Winklevoss is just shilling his favorite coin, a behavior that isn’t unheard of on Crypto Twitter. But contrary to popular belief, Tyler, who alongside his twin brother Cameron entered billionaire status thanks to early Bitcoin holdings, doesn’t hold any LINK — at least not yet. He was asked about his “LINK bag” on Twitter, in response to which he explained,
“I don’t own any Link (…yet), but I think it is a fantastic project that demonstrates one of the many great promises of crypto.”
Gemini to List LINK
Perhaps he’s waiting for Gemini exchange to list the cryptocurrency, in which case he won’t have to wait too long. Earlier this month, the exchange announced plans to add support for a trio of cryptocurrencies, Chainlink (LINK), Dai (DAI) and Orchid (OXT). Before that, they announced that plans to add another high-profile cryptocurrency, Basic Attention Token (BAT). This list is impressive considering Gemini is quite selective about the coins it supports, as evidenced by a list of just 16 trading pairs before these additions.
Winklevoss told BeInCrypto:
“Chainlink brings real world data onto the blockchain. Now, smart contracts can interact with real world events and information that exists off-blockchain. This dramatically increases the potential and possibilities for smart contracts and the greater crypto ecosystem. We’re excited at Gemini to support this mission-oriented project that is demonstrating one of the many great possibilities of crypto.”
He also shared the following information with us:
“Beginning Friday, April 24th at 9:30am ET you will be able to deposit LINK into your Gemini account with trading to follow shortly thereafter.”
While LINK is trading in the doldrums today, the coin’s value has ballooned by nearly 550% in the last 12-month period. The cryptocurrency has a market cap of $1.1 billion and has seen trading volume of $470 million in the last 24 hours, which is below the average over the past week.
Gemini’s followers cheered the new coin additions, but some weren’t satisfied, wondering when the cryptocurrency exchange will add names like Tezos and XRP. But based on the number of coins that have made the cut, they might not want to hold their breath.