/biz/ - Business & Finance

>>8846565
could be to pay some new node operators

>>8846573
nah that would be transfers from the #1 wallet

Why bother holding on to them?
Circulating Supply
350,000,000 LINK
Total Supply
1,000,000,000 LINK

plenty more to dump later

>>8846565
pls be my 10k linklet gf

>>8846595
idk how devs all got away with keeping like 60% of tokens on top of 10s of millions. All these ICOs made out like bandits.

they are just obfuscating the target address through binance.
lmao at anyone thinking Sergey is dumping tokens at 30c

>>8846565
First payment for new dev? Could be Nick Johnson's cut too

>>8846821
Roche showed up shortly after that transfer in mid Dec too.

>>8846788
This.
Binance = token tumbler for otc trading

>>8846595
You forgot to subtract mine from the citculating supply.

>>8846821
why dont they pay the devs from the 32 million worth of eth they got instead of their giant link stash?

>>8846565

>>8846565
They need to suppress the price of course, a $1 LINK would completely defeat the pourpose of the token.

>>8846765
Greed makes people blind.

>>8846788
Dis.

I think they are keeping partnerships etc under wraps. How are you meant to know where those tokens now end up?

>>8846923
You guys are nuts, deluded even

>>8846788
This makes more sense. If it were not that, we would see a price dump, and not a high volume moon.

>>8846565
welcome back my dude

>>8846974
isn’t WA a gril
either that or a guy with ~penmanship~

hi WA

>>8846941
it'll pop off soon

Does anyone have a link that explains how original ICO tokens were distributed? I’m aware that they reserved a bunch of tokens for “development” but not sure if they ever said why they split it into a certain number of wallets. There are 8 original team members listed on the website so maybe the one wallet that sells to Binance is actually simply to pay for salaries, office space, etc? Maybe it’s Sergeys wallet. I always assumed the “dev wallets” were for the advisors listed but actually never read anything about that.

It could actually be Sergey’s wallet and that diagram I drew could represent other, new team members being paid in link tokens/choosing to convert to fiat

This would make sense, so yeah anyone got any info on that?

>>8846765
35% are allocated to node operators. And the 30% remaining that belong to the company aren't exactly liquid. The more tokens they sell the less direct stake they have in the network. There's a strong incentive for the project to hold onto the vast majority of their tokens.

>>8847066
So the biggest wallet is for the node operators and the other ones are for what? Did they make a press release about that?

>Token distribution
>35%—pre-ICO (up to 50% of token sale supply) and ICO (the rest)
>35%—ChainLink Incentives Fund to incentivize node operators
>30%—SmartContract ChainLink, Ltd. to be used at the company’s sole discretion

My guess is that it’s from the 30% to be used at the company’s discretion and they’re using it to pay for staff etc.

Still doesn’t explain the network of wallets, some leading to Binance and some not, that almost seems like obfuscation. Really makes you think

>>8847160
what does it make (you) think?

>>8847193
Thinking about thos lambos

>>8846788
This

You are fucking braindead if you think they are dumping

you call this fud?
$1000 eoy try change my mind

>>8846895
Fuck this FUD, everybody knows that Link needs to be the same price as a Big Mac to work correctly.
>$3.57 EOY

just letting you guys know it's going to drop to 5k soon

>>8847057
you belong in a garbage can you stupid piece of shit.

>>8847348
it's ok anon I found the info, still couldn't find anything about why the tokens were divided like they are though

>>8847396
pls notice me and by my gf!!!!

>>8847675
anon you are too desperate thats not how you get a gf

>>8846565
>devs moved like $6000 of link around
>OH FUCK GUYS THEY'RE EXIT SCAMMING MARKET SELL EVERYTHING RIGHT FUCKING NOW

>>8847333
Thanks kind internet stranger for having my best interests at heart!

>>8847960
fair enough, it did drop after he posted that, missed the target though

>>8848008
I think it may have been a self fulfilling prophesy, since /biz/ owns a sizable chunk of Link. A few people got fucked over though, so if you really do want to help people, please provide evidence for your arguments (TA, inside info, etc.). Otherwise you are actively causing damage to people who did nothing wrong besides trusting somebody they shouldn't have.
And what would be some names for that "somebody"? Do you want to be that person? You're better than that, anon.

>>8848154
extremely overbought and against a resistance line
I'm not saying it's going to drop 20% in an hour but it will drop for sure today

>>8846865
Squirrelbro?

>>8848311
There you go! And agreed, there is definitely going to be a retrace at some point. Personally though, I think 5000 might be a bit low, although it does fit the 50% retrace rule of thumb that most coins follow. People have been holding their Linkies closer lately , so a 25% retrace from here would be about 5250.
It just keeps going up though!

>>8846565
Prepping for the exit scam, all the signs are there.

>>8848311
>extremely overbought
why do you think it's overbought?

>>8848477
Is it bad that I see an upside to an exit scam being that I can load up on cheap Link?

>>8848528
this has to be bait

>>8848542
>I'll just buy more :^)

>>8846565
Good thread

>>8846895
For now, but once it goes live the highest price possible makes the most sense for the longevity of the network.
Billions of IOT devices exchanging data 24/7 will pay .00000000000000001 link per call.
This price will be the equivalent of $.005

>>8847057
>>8847348
no offense walletautism but i agree with this guy. I say it every thread. we appreciate this and this is good because at this point I can no longer be bothered to do this service and explore the addresses, but your analysis and knowledge of chainlink is pretty abysmal. stick to the facts.

>>8847348
>>8848848
give her a break, she's a woman after all

>>8848878
oh shit anyone remember the woman who blogged about chainlink news every week? what happened to her everybody suddenly stopped mentioning her

MA's JUST crossed on the 1 day after months of getting dumped on

Yeah I'm sure they're dumping their ICO tokens. SUUUUUUUURE

Also this is like 4 addresses removed from the dev wallet. This could literally be anything. It probably is just a hire selling because they were sold in tokens.

You made it sound like the 5 dev wallets are sending more to binance right now directly when that is not the case at all. Those tokens weren't in the dev wallet for weeks...

Big sell wall is getting attacked right now!

>>8848894
she got weak hands and sold her Chainlink