1 LINK = ₺366.04 Turkish Lira 1 TRY Turkish Lira = 0.00273192 LINK
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View ChartChainlink is a decentralised oracle network and blockchain abstraction layer that communicates off-chain data to blockchains. Its oracles securely enable computations both on and off the blockchain, supporting hybrid smart contracts and cross-chain interoperability.
The Chainlink blockchain is hosted on the Ethereum platform, which uses a proof-of-stake operating protocol. Chainlink is also an open-source blockchain project, meaning that anyone can view the project’s code and contribute.
ChainLink is the product of a blockchain technology startup called smart contract, which was founded in 2014. ChainLink itself began with a white paper published by Steve Ellis, ARI juels and Sergey Nazarov in September 2017. The document outlines their vision for a decentralized Oracle network. ChainLink’s technology aims to solve one of the core challenges of smart contracts running on the blockchain – providing reliable notional data for the blockchain. The project first started to provide services for smart contracts on Ethereum, but now it has extended its services to other blockchains with smart contract capabilities.
In order to manage chainLink’s technology, another for-profit financial technology company called SmartContract Chainlink Ltd. was established, with Sergey Nazarov as CEO. The company is located in the Cayman Islands. Under chainLinklabs, a global developer and research team is further developing chainLink technology.
Link is the native token of chainLink. The token is to help fund the development of projects, similar to Bitcoin (BTC) and Ethereum (ETH). Both cryptocurrencies work on their respective blockchains. Just as BTC and eth serve as incentives for users to mine, so does Link.
The Link token was launched in 2017 at a price of less than 20 cents and remained below $1 until 2019. In 2020, prices began to rise sharply. In fact, the price rose from less than $2 in early 2020 to a high of $36 on February 20, 2021.However, despite the meteoric rise of Link, it has fallen from a high of $36 and has not reached this level again. In fact, by March 1, 2021, the price had fallen by nearly $10.
As you may have gathered from the above, although LINK has generated substantial profits since the beginning of 2020, its value remains volatile. Therefore, investing in LINK may only be worthwhile as a way to support the underlying technology. Otherwise, the high volatility may be too much for most investors to bear.
Nevertheless, as cryptocurrency continues to develop, Chainlink seems to be an important technology. Having an oracle like Chainlink will be key to the long-term stability and feasibility of the entire cryptocurrency sector. If you believe that Chainlink will become the industry standard and the most widely used decentralised oracle network, then investing in LINK may be a reasonable option.
The easiest way to buy LINK is through a crypto exchange like BTCC. BTCC makes purchasing LINK easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first LINK purchase, register with BTCC today!
Trading LINK/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or LINK into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the LINK/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Yes, absolutely. BTCC supports multiple methods to gain exposure to Chainlink(LINK) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Chainlink directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the LINK/TRY spot trading pair using market or limit orders, taking direct ownership of the LINK.
Trade LINK/TRY Futures: For more advanced strategies, you can trade LINK/TRY perpetual or dated futures contracts. This allows you to speculate on Chainlink's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your LINK to TRY conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the LINK/TRY trading pair.
Input the specific amount of Chainlink you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the LINK you want to convert in the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The LINK/TRY exchange rate is the current market price at which 1 Chainlink(LINK) can be exchanged for TRY. Put simply, it tells you how many TRY one Chainlink is worth at any given moment.
Currently, one Chainlink is ₺366.04. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Chainlink (LINK) in TRY is constantly changing. To get the live price, please check the market data section at the top of our platform or visit our LINK to TRY converter.