According to coinmarketcap.com Ethereum Link (LNK) is hitting all time highs!!
Now LNK was around $20-$40 back when I first talked about it here, and stayed around that price for awhile up until here recently..
You would think that with a coin that has such a low supply (16,415 circulating) the price would be a lot higher if the demand is there, but then again it is hard to see how useful only 16k coins could be if adopted globally.. However it definitely seems to be getting more support.
What is LNK?
LNK is a token for a share in the Link Platform, which is a blockchain platform that runs on Ethereum.
Ethereum.link tokenizes silver on the Blockchain, we provide immutability, transparency, and decentralization via our LNK and LNKS Tokens, trade physical silver without a middleman.
According to their whitepaper:
The LNK Token is initially backed by our first asset: 0.999 Fine Silver. LNK Token Holders will receive the privilege to redeem part of their holdings for physical Link Silver or Link Silver Tokens once three months have passed after the Initial Coin Offering is complete.
The main ERC20 Token from the Link platform functions as a share, and a proportional part of Link Platform profits is periodically distributed to LNK Token Holders via their smart contract addresses, which means every LNK Token holder holds a small part of the LNK Platform as a whole.
Now their Roadmap looks very promising:
Also their Development Timeline gives us an idea of what they have completed, and what to expect win the near future!
AUGUST 2017 UI Redesign - Silver Staking
- Link Platform interface improvement program, the design of an easier UI for portal and platform, end-user oriented.
- Silver LNK Staking goes live, LNK holders can stake their Tokens in exchange for 0.999 silver bullion.
- Alpha platform UI starts to be built.
SEPTEMBER - OCTOBER 2017 Enterprise Asset Connector - LNK Silver
- Linking Desk program starts helping individuals and medium-small sized businesses.
- Ethereum Link advertises blockchain investments, DAPPs and internal decentralized management solutions.
- Decentralized workflow for companies is promoted among key channels.
Q1-Q2 2018 Decentralized Asset Trading
- Decentralized Asset Trading Platform is live.
- You can now trade multiple backed Tokens inside the decentralized Token Engine.
- Link Platform can now adapt the engine into interested organizations wanting to trade their assets with our Silver Trading Engine.
- Link Platform signs agreements with important companies, distributors, and mines of precious metals.
Conclusion
It is great to see projects that actually offer precious metals on the blockchain, and I have talked about Gold on the blockchain with Digix before, but with LNK focusing on Silver at first and then adding other assets, I am excited to see how much this project will grow in the future!
Let me know what you think, and if you want to know more about LNK check out their website https://ethereum.link/ for more information!
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Disclaimer: I am not an Investment Advisor, and it is not investment advice. All of my opinions are only opinions. Please do your own research before investing in anything.