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/biz/ - Business & Finance

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10720025 No.10720025 [Reply] [Original]

>Why the fuck does Binance have so much LINK?
As of today, Aug 16th, they have 122,662,653.7 LINK in their 5 wallets.

>Why haven't the 35% allocated for node incentivization been distributed yet?
That's 350,000,010 LINK sitting in the #1 wallet

Wallets #3-#8 look like they hold the other 300,000,000 LINK from the ico.
>Wallet #8 had 14,409,578.99 LINK transferred out during the year, do we think they were sold or perhaps given to someone?

So if we subtract all the LINK from the Binance wallets, the LINK reserved for node operators, and the dev wallets, we come out to 241,746,915 LINK being publicly available (some of the Binance LINK may still be available, but since most is in Wallet 5 and has barely moved, I didn't count it).

If anyone could shed some light on the three greentexted questions, I'd really appreciate it. I find it strange that Binance is holding so much LINK for what appears to be long-term.

>> No.10720042
File: 43 KB, 1826x1006, Token-Sale-Terms-1.jpg [View same] [iqdb] [saucenao] [google]
10720042

here is the original token distribution if anyone has forgotten

>> No.10720084

>>10720025
they've already cashed out 1.5 million LINK, so somewhere around $500,000-$1,000,000 depending on when they did it. Guess that SF office was expensive, huh?

>> No.10720113

>>10720084
actually it was 14,400,000

>> No.10720459

>>10720025
>Muh binance wallet
>Muh me be too stupider to calc
>muh binance = current anons holdings
>muh who owns them anon??
KYS

>> No.10720591

>>10720459
what language is this written in?

>> No.10720652

>>10720459
120 million link seems far to much for peoples' holdings on the exchange.

>> No.10720672

>>10720652
96 million of those 122 million are in wallet 5 which is barely touched. Check it out on etherscan and you’ll see

>> No.10720708

>>10720672
Right, which goes back to your first question. I don't have an answer, it's interesting.

>> No.10720862

>>10720025
Because Binance will implement their own node for link and will run their whole system with Chainlink. They will get all so more revenue staking and using the node.

And shhh shh...

>> No.10721475

bump

>> No.10721531

>>10720025
>>Why haven't the 35% allocated for node incentivization been distributed yet?
>That's 350,000,010 LINK sitting in the #1 wallet
been wondering this as well.

>> No.10721559

Distribution may start after mainnet

>> No.10721606
File: 62 KB, 736x509, 1509472424763.jpg [View same] [iqdb] [saucenao] [google]
10721606

Arbitrage bot powered by link when

>> No.10722098

>>10721559
Wouldn’t they want companies to have LINK when mainnet is launched to have a solid foundation from the get-go?

>> No.10722121

>>10720672

Is Binance hoarding these to run nodes? It's possible.

>> No.10722151

>>10720025
We don't talk about this..delete

sage

>> No.10722262

>>10722151
why not?

>> No.10722287

>>10722262
you want market cap to jump w/o a price jump? Circulating supply is obviously higher than reported
sage

>> No.10722739
File: 168 KB, 877x1027, 91ab123d7b9d68d7acd8802ca0e50d19.jpg [View same] [iqdb] [saucenao] [google]
10722739

>> No.10722740

>>10722287
touche

>> No.10723838

>>10720025


So alt seasons starts when you want it too