Chainlink Review – Is Chainlink Legit or Scam

Chainlink Review

Chainlink is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.

The benefits of Chainlink are closely linked to the utility of the tokens which will be reviewed on this article.

Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.

Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.

Chainlink Review

About Chainlink

A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Chainlink token by explaining what the coin is about, tokenomics, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.

What is Chainlink?

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

Chainlink Supply

There are 467,009,549.52 LINK in supply worldwide.

Pros and Cons of Chainlink

Pros of Chainlink  
  • There is a surge in the market price currently
  • Project whitepaper available
  • There is a community
  • Contract on Ethereum
  • They are fully decentralized
  • A lot of investors are ‘flocking’ to invest
  • It is listed on coinmarketcap
  • Good navigational website – Chainlink
Cons of Chainlink  
  • The coin is still under research and development
  • Multiple issues with its synchronizations between ledgers
  • Not listed on some exchanges
  • No Github profile
  • They have no reddit account
  • No Bitcointalk thread created
  • No traceable features on tradingview

Is Chainlink Legit or Scam?

A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.

According to research and reviews, Chainlink have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.

Is Chainlink Safe?

Being willing to invest in any token is a question entirely up to you to answer. Chainlink token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.

Make personal research on the coin, visit coin’s official website.

Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Chainlink on the comment section below. Don’t forget to rate and leave Chainlink a review.