# Chainlink

LINK is Chainlink’s native token and is amongst the most popular cryptocurrencies on the market. LINK is an ERC677 token which is an extension of the ERC-20 token standard. It inherits the ERC-20 functionality while implementing additional features.

## LINK token uses

The utility token is used for a variety of purposes including incentivizing data accuracy, keeping contracts stable, and rewarding nodes for validating transactions.

## Related

- [What we support](/what-we-support) · [Contracts Data](/products/contracts) · [Developer portal](https://developers.cryptoapis.io/)