What are the implications of Chainlink Lab being out of tokens to dump by 2030?
>>61088823then the price can be safely wound down to zero, and the token retired.
Don't worry, CLL is using off-chain revenue to build a reserve to keep dumping on us indefinitely, the ride never ends
>>61088823Why do you think they created the reserve? It's never ending.
>>61088953>>61088978Assuming the price isn't rising, they'll have about 10 million LINK in the reserve by 2030, just 1% of total supply. If the price rise, they'll have even less.>>61088837That's a legitimate preoccupation. Basically by 2030 we'll know if they were scammers or not. Either the system is fully in place and we're all rich, or the whole thing is outed as a scam
>>61089023>Basically by 2030 we'll know if they were scammers or notno, we know that today and have known that for years. their business is buying partnerships and integrations while dumping as many tokens as humanly possible from these marketing stuntsif they had respectable revenue like hyperliquid, everyone would know about it and talk about it. the reason their revenue gets brushed under the rug is because they have functionally 0 and exist entirely off token subsidies
>>61088953>>61088978why the hell did any of you invest in link? im new here and thinking of buying bitcoin. it seems the only coin worth buying is bitcoin eth bnb chainlink looks like a cool project but its so crazy to invest in something with so many tokens left to dump.
>>61089147>why the hell did any of you invest in link?for the memes
>>61089147I invested in Link when it was less than $1 a pop. I also hold Bitcoin and Eth.
Easy, they go “whoops we’re out of runway now that we’re all multi billionaires. That’s all folks”
>>61088953The reserve is trivial volume so doesn't matter in that sense. For example the dump yesterday alone would take 400 weeks of reserve accumulation to outweigh, that's nearly 8 years.
>>61089166so you have been holding it for 6 years and you havent sold yet?? you havent taken profits when it hit 40? tried to swing trade it?? i like how its the only crypto project that generates a revenue but its too much of a gamble to be buying it at 17. so ill stay away from it especially since they are already planning on having a reserve once the millions of tokens get dumped. it shows to me they dont have confidence and are planning to dump all tokens with nothing to show for it. ill probably buy if there is another flash crash and it goes to 5 dollars, maybe....
>>61089249>so you have been holding it for 6 years and you havent sold yet?? you havent taken profits when it hit 40? tried to swing trade it??8 years and no sell, I've tried swinging and lost like 15-25k linkies in the early days
everybody hates you stupid fuckin stinks
>>61089146>their business is buying partnerships and integrationsWe're trying to have a meaningless and critical conversation here, go spread your low effort fud somewhere else >>61089147LINK's endgoal is to be the to-go oracle provider for traditional finance to go onchain. It seemed like a dream in 2017 despite some hints pointing at a possible success. Right now it has never seemed so sure. If they don't betray in the meantime (for now they have been legit, despite what fuddies would have you believe), the LINK network will have gargantuan amount of money flowing through it everyday, enriching us through fees and organic buying pressure. If you want to learn more about it ask your LLM of choice what the tokenization of RWA is and how LINK is set to profit from it.
>>61089249>ill probably buy if there is another flash crash and it goes to 5 dollars, maybe....Thanks for the bottom signal anon, we'll think about you during the 2030 yatch party
>>61089249>its the only crypto project that generates a revenuewho told you that? you can go to defillama to see which protocols make revenue, chainlink isnt on the listdumping tokens does not count as revenue
