GM
8.9K posts

GM
@language_birds
Research the Pheonix phenomenon

Thread👇 Since I've seen the topic of LINK token releases come up often, I wanted to a short thread to clear up some misconceptions around them. 1) Token unlocks are *NOT* the same thing as token sales. 70M LINK is released to the team per year regardless if they’re actually sold or not. In fact, if you look at the supply of LINK on exchanges (cryptoquant.com/asset/link/cha…), it's closing in on a 3 year low, despite the total number of token unlocks we've had being at an all time high (because that's a cumulative number) It's actually at the lowest level as far back as this tracking tool even goes, but I don't want to overstate it if we can't see it. 2) Unlike other projects, LINK token releases don’t just fund the team, but also fund staking rewards and node oracle rewards, and other forms of network incentives. Because Chainlink is not a blockchain, it doesn't have programmatic block rewards by which to distribute inflation. Furthermore, because Chainlink is comprised of hundreds of oracle networks, it cannot have a "one size fits all" block reward because different networks have wildly varying costs due to chain gas cost and node count. Therefore, the manual token unlocks allow Chainlink Labs to use a scalpel to distribute rewards in a fine-tuned way to not overpay for node operations. 3) There is **NO** negative correlation between price and token release. Price has actually gone up after token releases historically + the period of time when LINK perfomed the worst, there was zero token releases happening. You will see my Lookonchain tweet in my thread with evidence: "Before this, Chainlink had unlocked 10 times in total, and 9 of them saw price increases 30 days after unlocking." 4) LINK is capped at 1B max supply, so token releases are finite and have an end date (with lowering inflation each year), whereas reserve buybacks will only grow in size tied to network adoption and will continue far beyond when token releases end.


Alert: LINK is being sold off! 🚨 In the past 4 hours, nearly 433K $LINK (~$3.9M) has been deposited to Binance and Kraken. Whale 0x846 may be in urgent need of money, or perhaps his wife or girlfriend is blackmailing him, leading to this disastrous loss: - 6m ago: bought 35K $LINK ( $663K) at $18.91 - 3h ago: sold 35K $LINK ( $316K) at $9 - Over 50% loss in 6 months: - $350,000 The other 4 whales may belong to the same entity, with all tokens originating from Binance. Today is April Fools’ Day—no jokes here, all realized losses are real! Addresses: 0x1a754e6e706b45075B32B4fcc1798c60137D5320 0xCD211772eD469412d951a31c8d8FeAE5529bBD78 0x3643F22a1882140440Fe34499109d1493aD1DD8a 0x9af6B0E53b938d72f384676706bd850d9903c8ed 0x846eaDeAb4f858eB28b684306aEd3677cA109aA5


Tom The Marine is out. $LINK





BREAKING: Jews in Manhattan are STEALING homes of Black people through “Deed theft”























