André GuardiaThe Graph: Token Memo
SummaryName: The Graph | Symbol: $GRT | Website: https://thegraph.com/en/ | Price: $0.09051 | FD Market Cap: $914,595,870 | Market Cap (Circulating Supply): $627,491,660 | 24h - Volume: $44,849,970 Description: The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible in a decentralized way.Product Market FitValue Proposition: The Graph protocol targets the problem of indexing blockch...
André GuardiaDynamic NFTs: the next level
This Thesis was created by André J Guardia, rising senior at Illinois Institute of Technology. I’m a Dorm Room Fund BIT Fellow, Republic VFA and GenZ Scout. This thesis was created during the Summer of 2022 for my Internship @Decasonic.SummaryDynamic NFTs are the future of digital asset ownership. Market trends point to an increase adoption for utility and metaverse NFTs, a trend which will further catalyze adoption of Dynamic NFT technology in numerous use-cases. Therefore, there is great po...
André GuardiaGlobal Coin Research DAO Memo
The article below outlines my journey analyzing, learning and eventually joining GCR DAO. I hope this article is helpful to those looking to join, contribute or create a DAO. The memo below covers the following sectors: Summary, Product Market Fit, Market Analysis, Competitive Landscape, Governance and Tokenomics. Read on!Summaryhttps://globalcoinresearch.com/Description: GCR is a research and investment DAO focused on Web3. $GCR is the native token of the DAO. By holding a set number of $GCR...
Costa Rican, martial artist, aspiring VC and blockchain fanatic.
André GuardiaThe Graph: Token Memo
SummaryName: The Graph | Symbol: $GRT | Website: https://thegraph.com/en/ | Price: $0.09051 | FD Market Cap: $914,595,870 | Market Cap (Circulating Supply): $627,491,660 | 24h - Volume: $44,849,970 Description: The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible in a decentralized way.Product Market FitValue Proposition: The Graph protocol targets the problem of indexing blockch...
André GuardiaDynamic NFTs: the next level
This Thesis was created by André J Guardia, rising senior at Illinois Institute of Technology. I’m a Dorm Room Fund BIT Fellow, Republic VFA and GenZ Scout. This thesis was created during the Summer of 2022 for my Internship @Decasonic.SummaryDynamic NFTs are the future of digital asset ownership. Market trends point to an increase adoption for utility and metaverse NFTs, a trend which will further catalyze adoption of Dynamic NFT technology in numerous use-cases. Therefore, there is great po...
André GuardiaGlobal Coin Research DAO Memo
The article below outlines my journey analyzing, learning and eventually joining GCR DAO. I hope this article is helpful to those looking to join, contribute or create a DAO. The memo below covers the following sectors: Summary, Product Market Fit, Market Analysis, Competitive Landscape, Governance and Tokenomics. Read on!Summaryhttps://globalcoinresearch.com/Description: GCR is a research and investment DAO focused on Web3. $GCR is the native token of the DAO. By holding a set number of $GCR...
Costa Rican, martial artist, aspiring VC and blockchain fanatic.
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This snapshot was created during the summer of 2022 for my Internship @Decasonic. The purpose of this Snapshot is to provide a high-level analysis of Chainlink’s product market fit, traction, market, governance and tokenomics.
Price: $8.61
FDMC: $8,610,807,263
24H Volume: $541,228,656
Value Prop: Securely connect smart contracts with off-chain data and services.
Target User: Protocols looking to develop hybrid smart contracts that use off-chain data.
Product Description: Oracle network that enables access to real-world data and off-chain computation while maintaining security.
Backers: Framework Ventures
Partners: Google Cloud, Oracle, Dapps Inc, Matic Network, Hedera Hashgraph, Binance
**Projects by Chain: Ethereum (**930), Polygon (201), **BNB Chain (**196), Avalanche (65), Solana (64)
Total Holders: 687,894
Total Value Secured: $22,174,708,345
DEX Trading Volumes:
Size:
Due to lack of access to a full report, the market projection for the Global Blockchain Market is presented: Valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. Chainlink’s sector is middleware, which is covered in the report.
Trends: (1) Increasing VC funding and investments in blockchain technology, (2) increased adoption of cryptocurrencies, (3) increased need for secure and transparent bridges to off-chain data.
Competitors: Band Protocol, API3, Ocean
The [Chainlink Oracle Network does not have an in-built governance structure](https://medium.com/token-terminal/eli5-chainlink-and-scalable-oracle-services-4fd4390bcdf7#:\~:text=How is Chainlink governed%3F,governed by the Chainlink team.). Each node on the ecosystem is controlled by the owners of the node. The network is maintained and run by the Chainlink Team, which besides its C-Suite, is comprised of a global community of developers and contributors.
Sergey Nazarov, CEO and Co-Founder Chainlink Labs. Key experiences include: CoFounder & CEO - Secure Asset Exchange CoFounder & CEO - CryptaMail General Partner - QED Capital
Steve Ellis, CTO and Co-Founder Chainlink Labs. Key experiences include: CoFounder & CTO - Secure Asset Exchange Software Engineer - Pivotal Labs
Total Supply: 1,000,000,000, issued in September 2017
Mint: No Mint Mechanism
Burn: No Burn Mechanism
ID: $LINK’s initial distribution looks like this:
ICO Token Terms:
Node Operators: 35%
Public Token Sale: 35%
Parent Company: 30% (SmartContract.com)
Staking Method: To be introduced in Chainlink 2.0, Super Linear Staking, ensures that the capital requirements for a network attacker are quadraticly larger than the combined deposits of all nodes. It increases the security of the oracle network in a cost-efficient manner.
Current Token Distribution:
As of Q3 2022, 47% of supply is circulating across 550k+ total wallets. 35% is controlled by the node operator’s incentive fund, 25% is held by the team for development, and ~16% is held in exchanges. No wallet outside of the team, nodes, or exchanges holds over 1% of funds. - CoinEq.io
Compared to the ICO, the parent company has been selling off tokens from their stake, since node operator token distribution stands at 35%.
Utility: (1) Method to reward node operators in the network for providing acurrate data to the oracle network. (2) This token is also used as a form of collateral for node operators, since they must deposit it in order to contribute to the protocol. It is important to note that the $LINK reward is set by the contract creator.
Traction - Chainlink has demonstrated significant traction, with 687,894 Holders, Total Value Secured nearing $22B and major ecosystem partners the likes of Google and Binance.
Market Size - The Global Blockchain Market is set to grow from 5.92B (2021) to 844.42B (2030) at a CAGR of 85.9%.
Competition - In terms of Active Users, Chainlink dominates its competition (Band, API3 and Ocean), accounting for 89.18% of Market Share in the Oracle Segment.
Roadmap - Further implementation of Super Linear Staking mechanism is set to increase security and scalability for Chainlink 2.0
Utility - The utility of the $LINK token is exclusive to providing services to the network, not for price speculation or governance, which is a good indicator of the direction of the project.
Further Demand - As protocols expand offerings, their use of decentralized oracle networks is set to increase. This will drive demand for node operators, which in turn drives demand for $LINK token. Since $LINK has a fixed total supply, this upwards pressure is set to drive the price of this protocol upwards.
Lack of Governance - The Chainlink Oracle Network doesn’t have an in-built governance structure. It is run by Chainlink Labs.
Centralization - As of Q3 2022, 25% of token supply is held by the founding team. Given there are no lockup periods slated for the LINK token, the founding team has the option to liquidate their position and produce downwards pressure on token price.
Subscribe for more
Follow me on Twitter
Connect with me on Linkedin
Reach out with any questions/feedback!
Read the disclaimer below
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer by me or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
https://decrypt.co/6901/chainlink-smart-contracts-swift-canonical-list
https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market
This snapshot was created during the summer of 2022 for my Internship @Decasonic. The purpose of this Snapshot is to provide a high-level analysis of Chainlink’s product market fit, traction, market, governance and tokenomics.
Price: $8.61
FDMC: $8,610,807,263
24H Volume: $541,228,656
Value Prop: Securely connect smart contracts with off-chain data and services.
Target User: Protocols looking to develop hybrid smart contracts that use off-chain data.
Product Description: Oracle network that enables access to real-world data and off-chain computation while maintaining security.
Backers: Framework Ventures
Partners: Google Cloud, Oracle, Dapps Inc, Matic Network, Hedera Hashgraph, Binance
**Projects by Chain: Ethereum (**930), Polygon (201), **BNB Chain (**196), Avalanche (65), Solana (64)
Total Holders: 687,894
Total Value Secured: $22,174,708,345
DEX Trading Volumes:
Size:
Due to lack of access to a full report, the market projection for the Global Blockchain Market is presented: Valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. Chainlink’s sector is middleware, which is covered in the report.
Trends: (1) Increasing VC funding and investments in blockchain technology, (2) increased adoption of cryptocurrencies, (3) increased need for secure and transparent bridges to off-chain data.
Competitors: Band Protocol, API3, Ocean
The [Chainlink Oracle Network does not have an in-built governance structure](https://medium.com/token-terminal/eli5-chainlink-and-scalable-oracle-services-4fd4390bcdf7#:\~:text=How is Chainlink governed%3F,governed by the Chainlink team.). Each node on the ecosystem is controlled by the owners of the node. The network is maintained and run by the Chainlink Team, which besides its C-Suite, is comprised of a global community of developers and contributors.
Sergey Nazarov, CEO and Co-Founder Chainlink Labs. Key experiences include: CoFounder & CEO - Secure Asset Exchange CoFounder & CEO - CryptaMail General Partner - QED Capital
Steve Ellis, CTO and Co-Founder Chainlink Labs. Key experiences include: CoFounder & CTO - Secure Asset Exchange Software Engineer - Pivotal Labs
Total Supply: 1,000,000,000, issued in September 2017
Mint: No Mint Mechanism
Burn: No Burn Mechanism
ID: $LINK’s initial distribution looks like this:
ICO Token Terms:
Node Operators: 35%
Public Token Sale: 35%
Parent Company: 30% (SmartContract.com)
Staking Method: To be introduced in Chainlink 2.0, Super Linear Staking, ensures that the capital requirements for a network attacker are quadraticly larger than the combined deposits of all nodes. It increases the security of the oracle network in a cost-efficient manner.
Current Token Distribution:
As of Q3 2022, 47% of supply is circulating across 550k+ total wallets. 35% is controlled by the node operator’s incentive fund, 25% is held by the team for development, and ~16% is held in exchanges. No wallet outside of the team, nodes, or exchanges holds over 1% of funds. - CoinEq.io
Compared to the ICO, the parent company has been selling off tokens from their stake, since node operator token distribution stands at 35%.
Utility: (1) Method to reward node operators in the network for providing acurrate data to the oracle network. (2) This token is also used as a form of collateral for node operators, since they must deposit it in order to contribute to the protocol. It is important to note that the $LINK reward is set by the contract creator.
Traction - Chainlink has demonstrated significant traction, with 687,894 Holders, Total Value Secured nearing $22B and major ecosystem partners the likes of Google and Binance.
Market Size - The Global Blockchain Market is set to grow from 5.92B (2021) to 844.42B (2030) at a CAGR of 85.9%.
Competition - In terms of Active Users, Chainlink dominates its competition (Band, API3 and Ocean), accounting for 89.18% of Market Share in the Oracle Segment.
Roadmap - Further implementation of Super Linear Staking mechanism is set to increase security and scalability for Chainlink 2.0
Utility - The utility of the $LINK token is exclusive to providing services to the network, not for price speculation or governance, which is a good indicator of the direction of the project.
Further Demand - As protocols expand offerings, their use of decentralized oracle networks is set to increase. This will drive demand for node operators, which in turn drives demand for $LINK token. Since $LINK has a fixed total supply, this upwards pressure is set to drive the price of this protocol upwards.
Lack of Governance - The Chainlink Oracle Network doesn’t have an in-built governance structure. It is run by Chainlink Labs.
Centralization - As of Q3 2022, 25% of token supply is held by the founding team. Given there are no lockup periods slated for the LINK token, the founding team has the option to liquidate their position and produce downwards pressure on token price.
Subscribe for more
Follow me on Twitter
Connect with me on Linkedin
Reach out with any questions/feedback!
Read the disclaimer below
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer by me or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
https://decrypt.co/6901/chainlink-smart-contracts-swift-canonical-list
https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market
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