/biz/ - Business & Finance

Chainlink is will never moon. The real obvious flaw with Link is the price. Say some big company (Amazon, Swift Fedex) wanted important price data to be verified through Chainlink's oracle network. They would pay a large fee via the Chainlink token to secure their stake in the smart contract.
Here's the kicker: regardless of the price of a token it will always be divisible by USD. Whether LINK is worth $1 or $1000. It doesn't matter because the price can be divided by how ever much they want to stake. There is no reason for the Link token to be worth a lot of money. If I was the company putting in $500 toward the smart contract I'll just buy 1,000,000 Links. Who cares? That would make Link worth 0.000005. Ok, great well it still works. Lol Honestly they should keep Link at $1. That would be easier to market to their clientele of boomer business owners. Sorry you bought a token that has no need to actually grow in value.