NuLink, a fork of ChainLink, has released a whitepaper. This is a surprising move, as most saw the project as anything but a project. The fork was announced on 4chan, with 2 million NLINK being airdropped to those who posted an address. From there, holders of LINK understandably went on the attack, denouncing NLINK as nothing but a scam intended to rip off people gambling on buying a stack. NLINK has since burned hundreds of millions of its supply and opened a github page.

The following days saw plenty of mocking forks, including IndianLink, FireLink, LinkCash, SoyLink and more. Regardless, NULINK has continued developing transfers on its Ethernet page and made a website, github and whitepaper, giving it the appearance of an actual project.

Plenty of ERC20 tokens had those elements, and nothing more, only to go on and develop multi-million dollar market caps. Scams? Certainly possible, and many have come and gone since Ethereum gained prominence as a standard for tokens.

So what does the NuLink whitepaper say?

Basically it regurgitates the same points that Chainlink does: smart contracts will be popular, there needs to be an oracle to oversee the move from off-chain data to on-chain data, and NuLink is a *decentralized* middleware bridge. 

The emphasis here is that where Chainlink is centralized under Sergey and his team (who regularly sells 900,000LINK on each pump), NuLink is decentralized.

As with many whitepapers for tokens out there, it is full of some techno-jargon, some ideas, and that’s about it. It’s 2 pages long. It says there is a roadmap for fixes and updates…and push the tech forward.

Is this enough for NuLink to take on Chainlink, a coin with a rabid 4chan following and seeing constant growth since 2018? We’ll see. But NLINK has seen a pretty significanat price growth in the past few days. And there are people holding it, not selling, and whether they believe in it or not, there is a project and it is moving forward. There have been literal multimillion dollar market cap coins mooning with less.

I personally think that Chainlink doesn’t actually do anything, is just a quick ERC20 made-up solution for a non-existent problem. But if LINK ‘solves the oracle problem’, and NLINK is a fork/copy of that, then NLINK, too, ‘solves the oracle problem’ and renders LINK worthless.

If A=B and A= ‘solves the oracle problem’, then B= ‘solves the oracle problem’. It’s literally the same ERC20 copy-paste code, just decentralized from its origin.