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/biz/ - Business & Finance

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11849219 No.11849219 [Reply] [Original]

Why does the team hold 65% of the supply?

Screams extremely scammy to me.

>total supply of 1,000,000,000 LINK.
>The current circulating supply is 350,000,000.
>350,000,000 are for “Node Operators and to Incentivize the ecosystem”
>300,000,000 are for the company for continued development.

How will the 350,000,000 for node operators will be distributed? Why no one answers these questions?

>> No.11849286

Wow this Delphi recruiting drive has really brought high quality content to biz, that's for sure.

>> No.11849287

>>11849219
LINK is just XRP in cube format.

https://www.youtube.com/watch?v=jpCWCm4KbiM

>> No.11849548

>39.65% of the total circulating supply is held by just 8 different wallets.
>An additional 35% (what I assume is the funds held by the devs) held in another wallet, this makes 74.65% of the circulating supply held by the top 9 wallet addresses.

Does this amount of centralization in the top wallets concern anyone?

>> No.11849571

>>11849548
I'm super concerned, but what can we do about it? We have to buy LINK whether we like it or not.

>> No.11849848

>>11849548
No, the ceo has the most shares, thus he is the majority shareholder, and can direct the company.

If i could buy 70% of the LINK market and i did. what then, we are back at the same question... and if the team/ceo didnt have a huge stake in the system they have been building for the last 8 years why would they continue knowing someone else is going to profit more ?

It's distributed just as most major openly traded companies are... and if wierd shitty scammy things start to happen thank god its a blockchain and transparent so you can move your money elsewhere... much less so when a CEO sells his shares in the shadow and 2 weeks later up and leaves the comapny. At least in this case we see the moment they move anything.

>>11849571

>> No.11849855

>>11849571
>>11849548
And for refrence only 1% of xrp is circulating 99% is held by their devs/ceo wallets

>> No.11849947

>>11849855
>>11849848
>>11849548
>>11849571

Think about this... there currently is
7,668,217,000 shares total of microsoft
Thats 7x more then all LINKs ever avaliable, they can make more shares- you cant make more LINKs. Yet, microsoft is trading at 103.12$ say chainlink has the same level of success for instance, then we are looking at over 700$ a LINK or share..

>> No.11850043

>>11849947
Lol