Chainlink: Critical to own? $LINK worth it? Detailed study w Price Predictions thru 2030

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Detailed Chainlink analysis - everything you need to know and whether or not it is worth being part of your crypto portfolio including detailed price predictions.

0:00 Intro:
0:20 Disclaimer The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

0:40 IA Token Valuation Process

1:00 What CHAINLINK Does
Founder: Sergey Nazarov
Nazarov - Early pioneer in smart contracts and external middleware connectivity. Founded

2:00 VISION To empower smart contracts access to data in the most secure, permissionless, tamperproof manner

2:30 Background

3:00 What it Does ChainLink is a decentralized oracle service that brings data from the outside world onto the blockchain.
Seeks to allow any API accessible data to become available on-chain. Ex: market prices, interest rates, IoT data, GPS, supply chain data.

3:30 What it Does - Any API and Payments Anywhere

4:00 How it Plays Seeks to be the most reliable and widely adopted oracle service
Utilizes oracle contracts to process data requests from smart contracts
Oracle contracts have economic incentives to go and obtain off-chain data from external APIs to meet these requests

5:00 Scorecard Ranking
Comparing Oracle services - 13X larger than next nearest comp

6:00 Target Industries
Focuses on:
Decentralized Oracles space - largest provider data feeds, services over 500 smart contracts, dapps, and decentralized exchanges
Cross-Chain interoperability - offers general-purpose HTTP-like communication standard facilitating connectivity between protocols
Public Reference Data - provides 116 price feeds and public datasets that any service can connect to whether on or off-chain. Largest of any oracle service

7:00 Value Propositions
ChainLink’s core value proposition is ensuring its delivering the most trustworthy data to consumers - being trustless is key!
ChainLink’s incentive structure creates network effects that attract high-quality node operators and incentivize them to build a reputation on ChainLink
As more apps utilize ChainLink, the more demand goes to oracle nodes enticing more node operators to join the network to compete to service those requests, the better the network can deliver trustworthy data

8:00 Technology & Developers
ChainLink invests heavily in its community grants program
The grants program allowed the community to build ChainLink integrations on several key projects including Solana, Avalanche, OKEx, etc
ChainLink has one of the most dedicated and outspoken communities that promote ChainLink on social media - ie the “Link Marines”

9:00 Tokenomics LINK token demand
Data requester pay oracles for fetching data in LINK
Oracles put LINK down as collateral to guarantee data reliability and uptime
These two forces create a natural demand for the LINK token
LINK has a fixed one billion total token supply
Oracle operators have to acquire LINK to lock up as collateral - creates deflationary pressures on LINK supply

10:00 Tokenomics part II
65% of initial supply held by team or treasury for node operator incentives
As of 2021, 42.8% in circulation

11:00 Partners of Note:
Google Cloud
SWIFT
NYSE
Visa
Paypal
Ethereum
Polkadot
Synthetix
Uniswap
MakerDAO

12:30 Ecosystem
Longevity and Track Record
ChainLink has its roots in SmartContract.com (2014), this ChainLink precursor created a bridge between external data and public blockchains
2017 Chainlink raised $32M in an ICO to try to solve the oracle problem
2019 ChainLink launched its mainnet

13:40 Growth Opportunities
ChainLink’s growth is inherently tied to the growth of smart contracts and blockchain services
As more services are developed, they will increasingly rely on oracles for data feeds
Cross-Chain Opportunities - Non-Ethereum based protocols are increasingly building integrations with ChainLink to access its oracle network, including Polkadot, Solana, Binance Smart Chain, etc

14:00 Risks
Centralized token distribution with team and treasury controlling a good majority
Misalignment of between token investors, nodes, and users. Tokenomics while good for investors it punishes users by driving up the cost to consume data
Token risks relegating ChainLink to a “toll bridge” status. Can be susceptible to competition from non-token oracle services that are only focused on data users, improving quality while reducing access cost for users

15:00 Price Prediction
Historical Average is .02 LINK to ETH
Based on my ETH Price Prediction for ETH of $8900 during this bull cycle could take us to a $178

18:00 Conclusion
ChainLink is Critical to the DeFi/Smart Contract space

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