How does Chainlink profit from its decentralized oracle network in the crypto market?

1 answers

• Eason YaoDec 12, 2023 · 2 years ago
  As a decentralized oracle network, Chainlink profits from its services by charging fees for data retrieval and verification. These fees are paid by the users of smart contracts that rely on Chainlink's oracle network to access external data. The fees can be paid in LINK tokens or other cryptocurrencies, depending on the preferences of the users. By providing a reliable and secure oracle network, Chainlink has established itself as a leader in the crypto market, attracting users and generating revenue from its services.
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