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/biz/ - Business & Finance

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14878169 No.14878169 [Reply] [Original]

Recently a ton of people got into Link, and many probably wonder how they can get rewards from their Link token:

>Why should I join a pool?
Running your own node is really hard and you can get 75% of the rewards for doing no work at all when you stake with Linkpool.

What are Linkpool shares and why would I want to hold them?
There are 4000 shares in total and every penny the pool earns (the pool's revenue is the 25% cut from all staking rewards) get distributed among them.
Also people with shares get to stake before everyone else can, so holding the minumum of 0.04 LP might be a good idea to get in line before the big rush starts.

>How to buy LP shares?
Connect your wallet to Metamask (hardware wallet works with MM), then go to https://staking.linkpool.io/dex and simply open a buy order or buy into an existing sell order.

Feel free to ask any question you might have,

>> No.14878233

>>14878169
Is it true that there are lots of other staking pools coming online?

Also, isn't it true that the team can sell any of their shares (75% of the total) at any point?

Also, Isn't Johnny going to sell his shares because he is working for North East now?
> muh FUD

>> No.14878751

>>14878233
Some other pools will come online, but Linkpool is the first and probably most trusted one because the founder is part of the dev team.

They could sell some of their shares, but they stated that they will most likely keep them as they will get their revenue from their shares.

Jonny is and will mainly be working for Linkpool and Chainlink.

>> No.14878836
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14878836

I bought 1LP after getting high af and reading multiple INSANE esoteric 42 threads
Feelin comfy

>> No.14878840
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14878840

>>14878169
What's best case / worst case scenario for a burger holding LP?
>t. burger holding LP

>> No.14878860

>>14878836
Based and 42pilled. I like that turbo autist he is bretty good

>> No.14878909
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14878909

>>14878169
>>14878233
Sir pls i put my life savings in link at 4 dollars. Will it go back up?

>> No.14878949

Why would I buy shares from literally who instead of depositing my linkies and stake with the big guys?

>> No.14878978

>>14878840

If lp catches you youll forfeit your investment and dividends. If the us catches you Maybe a fine and some jail time

>> No.14879031

I got 2 questions.
1. 3.6 linkey here and wanted to know if its worth buying if I can't afford a full linkpool
2. I hear that metamask is unsecure and people had their coins stolen. Is it worth the risk

>> No.14879042

>>14878169
We detected you are accessing this app from the US, we do not support or condone US citizens holding the LP token. On clicking agree, you are confirming you are not a US citizen.
------------------------------------------
So US gets fucked here? Should I just wait and stake with coinbase instead?

>> No.14879080

>>14879042

You have to weigh the risks out for yourself.

>> No.14879141

>>14878978
>>14879080
Why allow US IP addresses to access their DEX at all if they were concerned with catching you

>> No.14879151

>>14878169
Are LP shares an ERC-20 token?

>> No.14879154

>>14879080
Risking losing everything(Investment + Golden ticket to a million dollars) VS Risking nothing with coinbase staking. I guess I know my answer.

>> No.14879155

>>14878978
What about a dual US UK citizen

>> No.14879180

>>14879141

Do you really have to ask

>> No.14879186

>>14879154
>Risking losing everything
the fuck are you talking about retard. You fucking security fudders are the dumbest people in cyrpto. Maybe you should stick to tron

>> No.14879216

>>14878233
That newest node thing will probably be a pool because it is for a lot of PoS tokens, Chainlink being integrated by Coinbase Custody means they could be running a pool, securedata*something* too and I think I forgot a couple. But I think linkpool has a huge headstart desu and had a helping hand by sergers

>> No.14879218

>>14879154
>coinbase staking.
where is this coming from? this sounds like it got memed and is jsut being repeated. i need source on coincuck staking or its false

>> No.14879220

>>14878978
>If lp catches you youll forfeit your investment and dividends.
STFU. How are they going to take your shit you stupid fucking monkey? Anyone who believe this lying ass should just start eating dirt.

>> No.14879229

>>14879216
can i see some literature on coincuck stacking pls?

>> No.14879237

>>14879155

Not a lawyer but you'd probably still be tucked. USA bean counters don't play around

>>14879220

Ok. Do it then. Double down and put more in it actually.

>> No.14879246
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14879246

>>14878169
Blessed thread brother
Lead the flock to the light
They’ll understand why we toil to inform them soon enough

>> No.14879271

>>14879237
I feel sorry for your mother

>> No.14879287

>>14879229
There's none but think about it... they stake tezos and are a high volume price source for a lot of good crypto/fiat pairs, why wouldn't they stake their LINK and sell their data?

>> No.14879322

>>14879031
Buying 0.04 LP is already worth it as you get to stake before people without shares can.
I wouldn't trust Metamask alone, but connecting your hardware wallet to it is safe.

>> No.14879352

>>14879287
welp im convinced. I was going to buy link pool but am burger so just going to wait for this shit now

>> No.14879370

>>14879352
Coinbase custody has a $1m deposit minimum.

>> No.14879376

>>14879287
>>14879352
There will be multiple large staking pools. If Coinbase becomes too big it will harm the decentralisation of the oracle network.
Buying LP shares is like buying stocks of Coinbase before the crypto market exploded.

>> No.14879414

>>14879370
>implying

>> No.14879441
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14879441

>>14879414
Implying what?
https://custody.coinbase.com/pricing

>> No.14879468

>>14879441
that im poor. You guessed right though i am

>> No.14879683

>>14878836
I unironically bought one for 50eth last week. Dont think i fucked up investment wise because I want to stake 10k link with them in the future.

>> No.14879715

>>14879237
So the US bean division is going to fuck me over for buying LP in the UK as a UK citizen? Why is this shit so retarded

>> No.14879780

>>14879441
Does this mean 1 million worth of link tokens?

>> No.14879933

>>14879780
1 million dollars worth of link

>> No.14879970

if people are looking to sell this shit, i am not looking to buy this shit.

its useless for who knows how long.

>> No.14880034

>>14879933
So when link reaches 1k I only have to stake 1k link to be qualified for coinbase staking?

>> No.14880078

>>14879322
>you get to stake before people without shares can
like 1 hour or 1 year before?

>> No.14880111
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14880111

>>14879970
42 convinced me to buy 1LP
I also learned about the true nature of light Nikola Tesla and human consciousness

>> No.14880112

>>14879441
but the minimum balance is in $, so when link is 100$ you will be able to passively stake your /makeit/ stack and live of profits for the rest of your life. how do you plebs not realize this

>> No.14880139

>>14880034
Bingo

>> No.14880168

>>14879683
how much return you expect?

>> No.14880252
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14880252

>>14879683
I got one a couple of days ago for 47eth
10k early staking is gonna be comfy af

>> No.14880294

>>14879683
>>14880252
Wouldn't all that eth be better for accumulating more link tokens and just utilizing coinbase as a staking platform?

>> No.14880404
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14880404

>>14880294
Coinbase requires 1 million dollars worth of link to stake
I have 50k link already and am happy with my current rank of lieutenant colonel
Got a good feeling about LP and Chainlink in general

>> No.14880409

SDL, nodepool, certus one, link forest, chain layer have all confirmed they would be running pools too. Additionally, linkpool marketplace will allow ANY neet node to become a pool by 'borrowing' linkpools contracts. I also know of at least 3 other staking companies that will soon join as high quality node operators.

>> No.14880476

>>14880078
It will probably be about one year until people without shares get to stake.
Got that info from their telegram.

>> No.14880493

>>14880476
so lp holders can stake already?

>> No.14880524

>>14878169
Its working?

>> No.14880531

>>14880493
No, staking isn't live yet

>> No.14880565
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14880565

>>14880493
Not yet not sure when
Somebody spill the beans

>> No.14880592

Brainlet question here...but even if staking goes live, wouldn't the activity be very low since smart contracts have not been adopted yet?

>> No.14880617

Does LP have a minimum amount you can stake?

>> No.14880641

>>14880617
Staking allowance is proportional to the amount of LP shares you hold and will gradually increase until everyone can stake all their Link.
I don't think there is a minimum, and if there is its really low, probably 10 Link or so.

>> No.14880657
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14880657

>>14880592
To start with but there are very limited total LP shares available and soon it’ll be very expensive to own 1LP

>> No.14880660

>>14878169
South American linklet here.
I dont think I can take benefit from that without being fucked by the laws

>> No.14880728

>>14880617
https://medium.com/linkpool/owners-contract-upgrade-ownership-staking-and-limits-e80ffe3c3e00
>from the following article
The limits will be roughly as follows:
On go-live: 200,000–800,000 LINK (200–800 LINK per LP)
From 6–12 months: 10 million LINK+ (Over 10k LINK per LP)
It’s important to note that from 6–12 months, 10 million is our lower target for the platform.

>> No.14880736
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14880736

>>14880476
but I can create my own node and stake without them right?

>> No.14880752

>>14880660
How many links? I'm a SAfag too and have -200 linkies

>> No.14880766

>>14880736
Sure, if you can manage to run a full ETH node, the Chainlink node and also know which API data streams to offer and how to get those.
Most people won't be able to do that.

>> No.14880811

is it true that they only allow homosexuals to buy linkpool share?

>> No.14880817
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14880817

>>14880766

>if you can manage to run a full ETH node, the Chainlink node
meh thats pretty easy sempai...I work in IT.

>also know which API data streams to offer and how to get those
How do I do this? Any info on this out there?

/biz/...you guys want to create an Aragon DAO and connect Link to it and run a node? Would be for the lulz

>> No.14880821

>>14880766
It’s literally just running a few command line utilities. Not that hard.

>> No.14881103

>>14880811
Yes. If you have purchased LINK, you are already a confirmed homo

>> No.14881117

>>14880752
800

>> No.14881220

>>14880766
Fuck me!! If marines cant do this then wtf are they holding link for?
Linkpool can suck a curdled jizz spitting pean!
I'll save my Initial LP investment, keep my 25% and increase the CL sybil resistance by taking 10 mins to set up my own node

>> No.14881369

>>14878169
What external APIs is LinkPool using?

>> No.14881486
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14881486

>>14879414
get a load of this guy

>> No.14881541
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14881541

Question: why are burgers allowed to run a node, but not allowed to give LinkPool their LINK to run a node for them?

>> No.14882116

>>14881486
where the fuck am i? im off /biz/ for a couple months and all the faggots come out of the wood works

>> No.14882125
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14882125

>>14878233

>> No.14882288

>>14879042
better to wait for coinbase instead of risking it

>> No.14882342

Want to buy but im in the USA.
Land of the free my ass.

>> No.14882869

>>14882288
Run a NaaS