ChainLink is a blockchain product designed to solve very important problems with smart contracts connectivity across multiple data resource centers with an aim to enhance their usability.
These smart contracts are coded to enable specific functions that require outside-silos-dependent data sources. And in effect, these programmable codes are no longer limited nor closed-off to the ‘in-house’ functions of token generation and limited execution properties.
ChainLink investment started way back in 2017 and has since then been developing its consumer base over time. With experience spanning groups like swift, the interest in their technology will only spike the more as more mainstream financial systems begin their journey into the decentralized world.
Three distinct ways to get involved with the project include buying the tokens from the exchange market, connecting your custom API with ChainLink to link up with the required network hub and using the smart contract APIs to transact through the platform.
You can buy ChainLink (LINK) from a couple of exchanges, about 11 to be more precise. This makes the token have some form of importance with over 18 market trades pairing mostly with BTC, ETH, and USDT. To buy LINK, you would need to be registered on any of the exchanges where the coin is being sold, then purchase the BTC or other alt pairs first before exchanging with the Link token.
Once you have purchased the token since the coin is an ERC-20) standard, it means it can be stored in any of the compatible wallets such as myetherwallet (MEW), metamask, or any of the hardware wallets. It would be safer to have your coins stored off the exchange to avoid it being compromised, except when you want it as a trading asset, otherwise, you can store in a wallet where you have full control over the private keys.