/biz/ - Business & Finance

>>16084867

Futures trading are derivatives. This part is obvious but then I remembered crypto exchanges like binance who works with link and is in bed with link, trades futures. The reason why crypto price calls like ETH and BTC are key is because the derivatives that will be used first is the futures market on binance.

Daily binance futures volume for bitcoin is around 500 million. For bitmex it is around 1 billion to 14 billion.

If just 1% is used as a chainlink fee then that is 5 million USD a day MINIMUM through the link nodes that are staked.

Lets say 90% of circulating tokens are staked.

That means every chainlink token, just off binance bitcoin futures " BTC price-getting" would make 0.015 per token per day.

That means a 10,000 link stack that is staked just to retrieve the price of BTC (not even other futures) just for binance's (not even including other markets like bitmex) bitcoin futures with 90% (insanely high since more than 10% wil be on market) will bare minimum generate $4500 in passive income per month.

>>14530598