/biz/ - Business & Finance

After a very interesting discussion in private with
@LoverPlaid
we think we finally understand #Chainlink wallet allocations, and what funds are used for what.
and this looks bullish as hell.

if you take a look at these original addresses:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xf55037738604fddfc4043d12f25124e94d7d1780

original funds were split into:
1x 350M : ICO wallet
1x 350M : LOCKED
6x 50M : UNKNOWN

in the white paper they state that
30% used for team allocation
30% for network
30% ICO


First of all, notice how 6 x 50M is conveniently a factor of 3, second of all, of these 6 x 50M wallets, only 2 wallets moved links.

this one with the 700k dumps
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

and this one with the 500k dumps
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db

the 700k dumps coicided exactly with the blogpost announcing chainlinks team desire to grow the company and get new hires. (no more dumps)

the 500k dumps coincide more with the grants program announcement.

our conclusion is that....

this wallet is the team allocation wallet:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

and this wallet is the network growth allocation:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db

notice how they spent more in network growth than in hiring new people! THIS IS HUGE!