The Link token: Difference between revisions
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<h2>ERC677</h2> | <h2>ERC677</h2> | ||
The | |||
ERC stands for Ethereum Request for Comments. Ethereum Request for Comments is an official protocol for implementing improvements to the Ethereum network. ERC standards are created by the Ethereum community developers. The developers make a document describing methods and rules that they think would improve the Ethereum ecosystem. If the core developers and community agree with the proposal, it becomes a standard. | |||
=ERC20 Tokens= | |||
The ERC-20 is a Token Standard that implements an API for tokens within Smart Contracts. | |||
It provides functionalities like to transfer tokens from one account to another, to get the current token balance of an account and also the total supply of the token available on the network. | |||
=ERC677= | |||
ERC677 token that inherits functionality from the ERC20 token standard, however it also allows token transfers to contain a data payload. Essentially it is an ERC20 token with the additional TransferAndCall functionality. | |||
ERC677 tokens can be stored in any ERC20 compatible wallet | |||
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<h2>LINK Token Contract Addresses - Chain specific</h2> | <h2>LINK Token Contract Addresses - Chain specific</h2> |
Revision as of 07:44, 13 April 2022
Quick take - Link token
Timeline
- 16 Sep 2017: Chainlink token created. At TX 0x5488510df045770efbff57f25d0c6d2c1404d58c1199b21eb8dc5072b22d91d7
Utility
The LINK token is used to pay Chainlink node operators for their oracle services (on-chain data aggregation and submission & off-chain computation services). In addition, once Chainlink staking goes live, Chainlink node operators will be able to deposit a specific amount of LINK as collateral in order to be elegible to service specific requests. This was first outlined in the original whitepaper.
ICO and token allocation
ERC677
ERC stands for Ethereum Request for Comments. Ethereum Request for Comments is an official protocol for implementing improvements to the Ethereum network. ERC standards are created by the Ethereum community developers. The developers make a document describing methods and rules that they think would improve the Ethereum ecosystem. If the core developers and community agree with the proposal, it becomes a standard.
ERC20 Tokens
The ERC-20 is a Token Standard that implements an API for tokens within Smart Contracts.
It provides functionalities like to transfer tokens from one account to another, to get the current token balance of an account and also the total supply of the token available on the network.
ERC677
ERC677 token that inherits functionality from the ERC20 token standard, however it also allows token transfers to contain a data payload. Essentially it is an ERC20 token with the additional TransferAndCall functionality.
ERC677 tokens can be stored in any ERC20 compatible wallet
LINK Token Contract Addresses - Chain specific
At launch, 35% of LINK tokens were sold, establishing an initial circulating supply of 350M Another 30% (300M LINK tokens) were allocated to LINK's parent company (SmartContract.com)tokens were spent on hiring, operations and development.) The last 35% (350M tokens) are held in reserve to pay incentive rewards to network participants like node operators.
Chainlink token address https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca
Chainlink contract creation
https://etherscan.io/txs?a=0x514910771af9ca656af840dff83e8264ecf986ca&f=5
Contract creation TX# 0x5488510df045770efbff57f25d0c6d2c1404d58c1199b21eb8dc5072b22d91d7
Etherscan token page: https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca
Date created: Sep-16-2017 [1]
Max Total Supply: 1,000,000,000 LINK [2]