Luno Malaysia has added Chainlink (LINK) & Uniswap (UNI) to trade in MYR pairs. Here's a short review of LINK & UNI & my thoughts....

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InfluxDB - Power Real-Time Data Analytics at Scale
Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.
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  • v3-core

    🦄 🦄 🦄 Core smart contracts of Uniswap v3

  • 2) UNI however is a questionable investment for me. Uniswap is one of the first & largest decentralized exchanges with > $1 trillion worth of trading volume, >100 million all-time trades and being the pioneer of liquidity pools & automated market makers (AMM) which inspired all other DEXes to follow the Uniswap model to create their own decentralized AMM exchange. UNI is a governance token of the Uniswap platform to which users can view and vote proposals to make changes to the Uniswap platform. Besides, UNI tokens can be earned by staking LP tokens in Uniswap's liquidity pools. Other than that, there's really not much use cases for holding UNI other than earning yields in centralized lending platforms such as BlockFi, Celsius & Nexo.

    1) Chainlink may be a great long-term investment due to its first-mover advantage as being the largest decentralized oracle network that provides off-chain data to on-chain smart contracts. A simple introduction to Chainlink & example to what this means is a football bet in a Manchester United-Liverpool match using smart contracts. Say if you bet that Man Utd will beat Liverpool by 4-2, you'll have to place your crypto bet in a smart contract and your winnings will be determined if the match is done and the scoreline is what you predicted. However, the smart contract does not actually know when does the football match end and what's the scoreline on each timestamp unless if someone feeds this information to it. This is where Chainlink comes in to provide these critical data automatically so that the smart contract can determine whether if you win or lose the bet and then transfers the cryptos to the winning wallet addresses accordingly. The difference between a centralized betting platform and a betting platform powered by Chainlink & smart contracts is the data that it provides. Centralized platforms may have the power to alter the rules of the bet or the withdrawal of your winnings, or even give you a fake scoreline data to protect their profits; Chainlink aggregates & updates the scoreline data from multiple oracle nodes to ensure that the scoreline is validated & reliable and you get the winnings/loss you deserved. The smart contract will automatically transfer your winnings to your wallet address if the aggregated scoreline data they received from Chainlink nodes are 4-2 to Man Utd. Check out Chainlink Data Feeds to explore visually how Chainlink works.

  • InfluxDB

    Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.

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