/biz/ - Business & Finance

WTFWT!

*crashes*

The DEX is back up, let the dumping commence.

Alright /biz/ bros, let me get this straight.

>After being fired, the Co-Founder dumps the LP tokens he got as a severance on the open market.
>As for the reason of his firing he alludes to a "critical mistake" he has made without giving further details
>Team takes the DEX offline
>No official statement regarding the whole situation by the team after 3 days
>3 DAYS
>They actually decide to take the weekend off and leave their investors without any clarity about the project's future

Looks like a textbook exit scam to me, just without the exit pump.

Now that they have reopened the DEX, where do you think the price will be going?

Linkpool is now paying out 6 LINK per 2 weeks per Linkpool, or 156 per year.

At $25 per Link, that's about $4k a year.
Linkpool is trading at $130k (95 ETH)

That's a P/E ratio of 33.

For comparison, let's look at some "established", large tech companies:

Apple: 42x
Google 40x
Amazon: 96x

So compared to those, Linkpool already looks undervalued. Yet those are established companies. They are market leaders and have super high market share. Their main source of increased profits going forward is just making more money from their existing customers.

By comparison, startups and smaller companies with potential much larger growth trade at much higher multiples:

Salesforce: 420x
Uber: infinity (Not profitable)
Tesla: 1340x

Which group does Linkpool belong to? Clearly the latter. Linkpool is currently valued at $500m. Cryptocurrency and in particularly smart contracts are a nascent, ultra high growth field. If Linkpool were a company they would be trading at 100x-1000x. That's 3x-30x upside.

On top of all this, if you hold LINK, you'll need to stake in something like Linkpool to get decent rewards.

>but I'll just stake with coinbase or kraken!

No. Learn how link staking works. It isn't just inflationary rewards paid to delegators who do minimal work.

Linkpool is now paying out 6 LINK per 2 weeks per Linkpool, or 156 per year.

At $25 per Link, that's about $4k a year.
Linkpool is trading at $130k (95 ETH)

That's a P/E ratio of 33.

For comparison, let's look at some "established", large tech companies:

Apple: 42x
Google 40x
Amazon: 96x

So compared to those, Linkpool already looks undervalued. Yet those are established companies. They are market leaders and have super high market share. Their main source of increased profits going forward is just making more money from their existing customers.

By comparison, startups and smaller companies with potential much larger growth trade at much higher multiples:

Salesforce: 420x
Uber: infinity (Not profitable)
Tesla: 1340x

Which group does Linkpool belong to? Clearly the latter. Linkpool is currently valued at $500m. Cryptocurrency and in particularly smart contracts are a nascent, ultra high growth field. If Linkpool were a company they would be trading at 100x-1000x. That's 3x-30x upside.