LINK to ETH Live Price Converter

Back in September 2017, Chainlink’s initial coin offering (ICO) introduced a maximum supply of 1,000,000,000 LINK tokens to the crypto world. As of the end of July 2023, the circulating supply stands at approximately 538,099,970 LINK tokens, which is more than 50% of the total supply. The LINK token made its debut at a price of $0.11 during the ICO, with 350 million LINK tokens up for grabs.

Chainlink has been on a remarkable journey, with a significant bull run observed from mid-2019 to mid-2020. So potent was the enthusiasm that Chainlink supporters earned the nickname “LINK Marines,” becoming a beloved meme in the crypto community. On May 9, 2021, Chainlink reached its zenith, with the price soaring to an all-time high of $52.88, fueled by a broader crypto market rally and continuous advancements within the Chainlink ecosystem.

In the ICO documentation, it’s outlined that 35% of the total token supply is reserved for node operators and for ecosystem incentives. Another 35% of LINK tokens were distributed during public sale events. The remaining 30% of the total token supply is allocated to the company for the ongoing development and expansion of the Chainlink network and ecosystem.

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Bitsgap’s DCA bot is an innovative automated trading tool that follows the Dollar Cost Averaging (DCA) trading strategy. This remarkably useful bot works by distributing your investment across regular purchases or sales, depending on your position (Long or Short), thereby cushioning your capital from the unpredictable nature of market volatility. Bitsgap’s DCA is smart enough to track up to six indicators, ensuring that each trade occurs at the most advantageous moment. This boosts your potential to reap impressive returns from your trading ventures.

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