/biz/ - Business & Finance

>>17407421
it was to keep normies out

That was pre-sale. ICO was a max 7 eth per address.

>>17407421
>Why did Chainlink’s ico restrict to a $40,000 minimum buy-in? What purpose did this serve?
to keep it centralized.

>>17407487
holding 65% of the supply takes care of that

>>17407523
exactly. restricting ICO buy-in just ensure retail side can't ever come close to overthrowing Chainlink Core's power.

>>17407481
Were US investors allowed to participate? Did they KYC?

>>17407470
This. None of you were supposed to own LINK

>>17407481
Ah that’s right. I remember going all in bnb right before and then having just enough to make the cut for the presale.

Tachyon's Client nodes initiates the connection, involving consumer-level devices as smartphones.

>>17407421
Reads like a stuttering pothead wrote it

>>17407810
he's a NYU philosophy major. what did you expect?

>>17407792
fuckin hell jannies, why do we pay you

>>17407566
Somebody who was around during ICO answer this for me.

>>17407421
Whales. Same thing with SUTER.

>>17407566
Usually people who were accredited investors were allowed in pre icos.

>>17407750
This. I dropped a hard eth

>>17407835
Fuck off

>>17407421
What a fucking cocksucker
>Swift and other large institutions are interested!
And now we have one flannel shirt and 7 shitcoin heartbeats

>>17407566
Yes, and no KYC. We were sharing presale links on /biz/, you could pool funds in them and get link sent out to each address that contributed.

Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.
The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team.

>>17407487
>>17407523
Based, link is such a fucking joke

>>17407523
I trust Sergey

>>17408219
>please keep it private
lol forgot about that

When Chainlink was created, was there staking? Was the project good to go from take off? I know everyone is making good money, especially if you bought in during the ICO and the first year LINK was going.

It's mesmerizing how when just about 95% of each crypto team makes a project and a token, they promise to deliver something, but that something takes 1, 2, 3, or 5 years before fruition. Don't get me wrong. I would absolutely capitalize on buying in early and selling at the top as an investor in these tokens and coins. But there has to be something there to use. That makes every one of these projects a scam. You're paying people you don't know, for eventually making some kind of blockchain product. There's something wrong with this whole thing and always has been.

At least Bitcoin was a software you could download, connect to, and send bitcoins to someone around the world the first day it was put online. It had no value in any other form of money, but it worked. There was a finished product, network, and usable software.

Dr:ns
/thread

It was because they only wanted accredited institutional investors, to avoid the IRS pwning them for an unregistered security offering

>>17408219
and its all 100% legal because Sergey outsmarted the the US gov and moved to the Cayman Islands

>>17408273
better a nulinker than a nolinker, bud