WINkLink (WIN)The exchange rate of one WIN at 13:36 UTC is 0.0001181$
There is a significant difference between “WINkLink”, “WINk” and “WIN”. Although most people think that the main thing for which the WIN token is used is WINk.
WINkLink is a network on the TRON blockchain. The idea of WINkLink is completely based on smart contracts. Smart contracts - programs that automatically execute when certain conditions are met - are a very important thing in the cryptocurrency ecosystem. They allow many trades and transactions to take place on blockchains, but they have one problem that WINkLink aims to solve.
This problem is that smart contracts are not good at connecting and interacting with things outside of the blockchain. To solve this problem, oracle is used, which is a device or program that allows data outside the blockchain to interact with information on the blockchain, thereby providing many smart contracts with the information they need.
The problem is that the oracles themselves can be quite centralized and hierarchical, de facto subordinate to a central authority.
The main idea of WINkLink is that it helps to provide decentralized oracles. This is achieved through the presence of separate parts of the WINkLink system. There is something on the blockchain called an aggregator contract that allows people to choose what things they want in their smart contract.
There is also a standalone element called an oracle node. These nodes, computers on the network, take data from the blockchain and compute it in an aggregator contract. These oracle nodes are also responsible for distributing which tasks are performed, when, and by whom. The ultimate idea is to create a system that makes smart contracts accessible, easy to use and create while remaining decentralized.
While blockchain-based “play-to-earn” (P2E) games have become big news in 2021, with the metaverse itself becoming mainstream news in the world outside of the cryptoverse, they are nothing new. What uses smart contracts created both with the WINkLink system and with its use is the WINk play-to-earn gaming blockchain platform.
WIN is the native token of WINk and WINkLink. But most people think that WIN only exists in combination with WINk. Gambling, what is essentially P2E and what is the WINk gaming platform, is a much more glamorous and exciting topic than building a decentralized smart contract oracle.
The WINk gaming platform is older than the WINkLink smart contract oracle. It was built on a very similar system, also built using smart contracts that are a feature of the WINkLink network, called TronBet. WINk can be seen as a rebrand of TronBet, which ended around the same time that WINk launched in 2019. This means that WINk is actually older than the WINkLink system that was launched in April 2021.
WINk users can wager their WIN on a variety of games, including craps and poker, as well as various virtual slot machines.
The smart contracts that govern each of the games offered by WINk can be viewed by users, adding transparency and credibility to its entertainment alternatives. The platform aims to be a project that will benefit all sides of the game: developers, players and investors. This is achieved by giving WIN owners management rights, as well as providing gameplay discounts to players who have also invested in WIN.
WIN first appeared on the open market in 2019. The main people behind the token and its two networks are former Tencent employee N Yang, who is the head of products, and former Baidu developer Jacky Li. As of February 9, 2022, $961.74 billion was in circulation out of a total supply of just over $994 billion. The market capitalization of the coin was also around $334.94 billion, making it the 166th largest cryptocurrency by this measure.
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