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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11689832 No.11689832 [Reply] [Original]

Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.

>> No.11689855

you're going to get a lot of handjobs back at the discord for this lazy slide thread, you stupid faggot

>> No.11689858

Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.

>> No.11689866

Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.

>> No.11689868

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>> No.11689871

>>11689855
>slide thread
>slowest board on 4chan

>> No.11689872

Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible.

>> No.11689873

>>11689868

You are a MANIAC

>> No.11689895

>>11689832
Wow you really know your shit.

>> No.11690313

>>11689873
DUDE...Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.

>> No.11690323

so chainlink is a stablecoin?

>> No.11690351

true if big

>> No.11690414

Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.50, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.50. Through this mechanism, a stable LINK price is kept at $0.50 or below. For this reason the token price going over $0.50 makes no sense - it's literally not possible.

>> No.11690430
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11690430

>>11689832
WHAT THE FUCK LINKBROS YOU TOLD ME I WOULD BE RIIIIIIIIIIIIIIIIIIIIIIIIICHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.11690833

>>11689832
Basically you smoke too much weed.

>> No.11690952

>>11689832
Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $10k, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $10k. Through this mechanism, a stable LINK price is kept at $10k or below. For this reason the token price going over $10k makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.