The ChainLink (Link) token is a cryptocurrency utilized by the ChainLink network to pay for various operations involving data. For example, users can implement the ChainLink crypto to cover the costs of the off-chain data retrieval, for formatting of data into formats compatible with the blockchain, outsource computation, and so on. The ChainLink platform is a tool for blockchain users to implement smart contracts that are working with outside information via various APIs or data feeds. The ChainLink token is an Ethereum-based cryptocurrency and actively interacts with the ETH blockchain. ChainLink and the Link coin are major parts of the blockchain industry. The current market capitalization of the coins is over 150 million tokens at the time of writing this article.