What is LINK and how to get instant LINK loan on YouHodler

Chainlink is a platform that aims to close the gap between smart contracts found on the blockchain and real-world applications that tend to be off the blockchain. A main feature of Chainlink is the introduction of “oracles.” Oracles find and verify data in the real world and bring it on the blockchain so it can be efficiently integrated into smart contracts. As clarified by its developers, Chainlinks’ secure connectivity features are compatible with most blockchains. 

Chainlink’s relationship with Google; good news for your LINK loan

Over the past year, Google announced its support for Chainlink. Chainlink developer teams will work to improve the security of Chainlink’s networks while Google will allow Chainlink oracles to connect to its data and products. Furthermore, Chainlink has good relations with SWIFT (a very secure bank-to-bank- messaging system) that will help traditional institutions connect to various smart contracts with “enterprise-grade” oracles.

Loan ER20 tokens: Why Chainlink lending is a good option for a crypto loan

Ever since the U.S.-based exchange, Coinbase announced it would support Chainlink’s ERC-20 LINK token, the crypto’s price as seen monumental growth. In 2019 alone, we sal LINK surge over 1,000% and many analysts predict the potential for this project is vast. Hence, LINK is a perfect candidate for a crypto loan on YouHodler.

Do not sell your LINK and miss out on any potential profits. Instead, start to loan ERC20 tokens like LINK to YouHodler for instant cash in USD, EUR or BTC. This way, you’re using the rising value of LINK in the real world,  while simultaneously HODLing it for future profit. 

Click the “Get loan” button and lend Chainlink today.

How to borrow Chainlink - How does it work?

With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow LINK, you first must convert one of the above to fiat and convert it to LINK using our exchange service. 

Chainlink loan calculator

You can use our LINK loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Chainlink, please check the calculator first to see which plan works best for you. 

Chainlink lending process

Chainlink lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future LINK loans.