What is ChainLink Token (LINK)?
Chainlink (LINK), launched in 2017, is a decentralized oracle network that aims to connect smart contracts with real-world data. It is designed to bridge the gap between blockchain-based smart contracts and external data sources. The Chainlink network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain.
The LINK token is used to pay for services on the network. Chainlink's unique value proposition lies in its ability to securely and reliably connect blockchains with real-world data, enabling smart contracts to interact with and respond to real-world events. This has important implications for the development of more complex and useful blockchain applications, particularly in fields like finance, insurance, and supply chain management.
The LINK token is used to pay for services on the network. Chainlink's unique value proposition lies in its ability to securely and reliably connect blockchains with real-world data, enabling smart contracts to interact with and respond to real-world events. This has important implications for the development of more complex and useful blockchain applications, particularly in fields like finance, insurance, and supply chain management.
Why choose Rabbit Wallet for ChainLink Token?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your LINK with ease. Check out some cool features that make Rabbit stand out:
Exchange ChainLink Token (LINK)
With the Rabbit's built-in coin swap feature, you can exchange your ChainLink Token for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your ChainLink Token, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.