What is WINkLink (WIN)?
, also represented as WINk, is an oracle that connects data between TRON's blockchain and central systems. This makes it possible to exchange data between blockchains and traditional central systems.
Despite the fact that blockchains and traditional computer systems are fairly new, these two systems cannot work together. A transaction you make on the blockchain cannot simply be stored on a central computer system, such as a web server. Initially, this doesn't cause any major problems, you might think. Yet it can hold back the adoption of blockchain technology.
Data looks different on the blockchain than on central systems. This is partly because all data on the blockchain is protected by cryptography. The public and private keys can only be used on the blockchain. A central system cannot therefore gain access to this type of data. Blockchains also often use other programming languages and protocols, such as Solidity (programming language for Ethereum smart contracts), ERC20 (token standard for Ethereum), ERC721 (token standard for NFTs on Ethereum) and BEP20 (token standard for Binance Smart Chain).
WINkLink ensures that data is verified first before it is moved to the blockchain. Thus, users and developers can be confident that the data is correct and comes from a reliable source. WINkLink can also move data from smart contracts to central systems. This allows developers of both blockchain applications and traditional applications to exchange data between the two systems.
What can you use WINkLink (WIN) for?
Developers can use WINkLink to exchange data between central systems and TRON's blockchain. This allows WINkLink to be used in a wide range of situations.
Suppose a developer builds an application for handling insurance claims on TRON's blockchain. When a user wants to report damages, they can enter all the necessary information here. Let's take as an example that someone has storm damage to their house. The user indicates the date and time the damage was caused, sends several pictures and indicates which products were damaged.
The application can then use WINkLink's oracle to request weather data from a reliable weather station. In this way the application finds out if there was actually a storm on the specified date and at the user's home address. If so, the application can search central servers for the prices of the products that suffered damage. This way the application knows how big the damage is, and what amount the user should be paid out.
WINkLink is thus ideal for developers, as they can build complex applications when using WINkLink. But WINkLink also provides many benefits to users. When developers can build better and more complex applications, consumers can use better dApps. These dApps might not be built if developers could not use oracles like WINkLink.
The WIN token
WINkLink has its own native token, called WIN. The WIN token makes use of the TRC20 protocol. This is the standard token protocol for tokens on the TRON blockchain. WIN
has several functions within WINkLink:
-Governance functions, allowing token owners to have a say in the future of WINkLink;
-Paying transaction fees within WINkLink;
-Rewarding nodes in WINkLink's network;
-Using the oracle.
There is a maximum inventory of 999 billion WIN tokens. These tokens have not yet all come into circulation. As of July 2022, 961.74 billion tokens are in circulation, which is 96% of the maximum inventory.
3.75% - For reserves;
5% - For the launchpad;
7% - For platform development;
9% - For gaming partnerships;
6.25% - For strategic partnerships;
5% - For airdrops;
12% - For the community;
15% - For seed sales;
10% - For the team;
27% - For the ecosystem.
What does the future of WINkLink look like?
The team behind WINkLink is not yet planning to stop further development of the protocol. They want to develop a validation system, reputation system and certification system in the future. These systems should ensure that nodes in the WINkLink network are considered reliable. The more often a node provides reliable information, the better its reputation. The network will therefore use these nodes more often in the future, allowing these nodes to earn more WIN tokens. Thus, in this way, nodes are encouraged to provide reliable information.
Where and how to buy WINkLink (WIN)?
Do you want to buy Wink (WIN)
? You can buy Wink (WIN) at Coinmerce. Here you buy Wink (WIN) with iDEAL, SEPA, MyBank, GiroPay and credit card (Mastercard and Visa). For the use of the payment methods, you do not pay a deposit fee to Coinmerce. You only pay transaction fees. These fees may vary per cryptocurrency and per user.
To buy WINkLink (WIN) in the Netherlands and Belgium, you need an account at Coinmerce. If you already have an account with Coinmerce, you can buy WINkLink (WIN) here. On this page you can specify how many WIN tokens you would like to purchase in the purchase window. It is also possible to enter a euro amount, after which we will calculate how many WIN tokens you can buy for this amount. Then place an order, after which you will find the WIN tokens in your personal Coinmerce wallet.
In which crypto wallet can you store WINkLink (WIN)?
WIN makes use of TRON's TRC20 token protocol. Despite this being a less common token protocol, you can store WIN in many crypto wallets. Always check the documentation of the wallet before sending WIN tokens. This way you can be sure that the WIN tokens will actually arrive.
You can also store your WINkLink tokens in Coinmerce's crypto wallet. We store customer tokens in cold storage, making them extra secure. From Coinmerce, you can also send your WIN tokens to a hardware wallet. The hardware wallets from Trezor and Ledger support WINkLink (WIN).