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51597569 No.51597569 [Reply] [Original]

What does Chainlink's balance sheet look like? Do they have debt? Or does all their funding come from selling Link?

>> No.51597975
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51597975

>>51597569
most their debt is in hr costs

>> No.51600827

>>51597569
The ICO was a way to make money and buy the Chainlink token we funded them to make the most important system on the planet. Were all gonna be insanely wealthy. I predict $5,000 dollars a Link by 2026. Every country/company/individual will use smart contracts and the oracle.

>> No.51600841

>>51600827
Also btw the oracle is the first type of AI in a prototype sense. So if it becomes self aware it will know I helped it and hopefully spare me.

>> No.51600888
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51600888

Funding comes from mysterious 100M+ dollar bridge hacks.

>> No.51600933
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51600933

>>51600888
holy fucking checked i knew it

>> No.51602035
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51602035

>>51600888
>>51600933
Checked

>> No.51602196
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51602196

>>51600888
>>51600933
checked for truth


OOOOOOOMMMMMMMM

>> No.51602432
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51602432

lets do some rough/approximate maths
>sold 50 mil at $13
>20 mil at like $30
>20 mil at $20
>20 mil at $28
>30 mil at $7
that's 2420 millions.
So let's say, very roughly, that they have 2.4 billion in the war chest assuming all of those cubes were sold at market prices

>> No.51604537
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51604537

>>51602432
a lot of tech is debt heavy (i.e. rely on lower interest rates for VC funding and R&D). If interest rates keep rising, no other tech company would have the capital to keep going, let alone invest in smart contracts. Only Link.

>> No.51604670

>>51602432
>$2 billion
absolutely wild. was their an entity that funded the white paper? or did they come up with all this on their free time cuz crypto was their hobby or something?

>> No.51604705
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51604705

>>51604670
>he doesn't know

>> No.51604730

>>51604705
something something Ari Juels

>> No.51604746
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51604746

>>51604670
no, they had a seed round prior to the ico in sept 2017

>> No.51604820
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51604820

>>51604746
how come chainlink isnt on there

>> No.51604825

>>51604746
We were their exit liquidity.

>> No.51605144

>>51604537
>>51604670
the weekly 700k steaming dumps were painful but now it's supremely comfy knowing that Sergey has an extremely ample runway. With nodes being profitable on many chains already... wew lad. Feels good to invest in by far the best leader in crypto. Sergey is a dozen steps ahead of every single other crypto project. This entire space is rank amateurs yet somehow the way sergey operates is magnitudes ahead even of traditional companies

>> No.51605638
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51605638

>>51600888

>> No.51607219

>>51602432
they used most of that money to bribe companies to use their network

>> No.51608405

>>51600827
you might be interested in the upcoming IPO then

>> No.51608500

>>51602432
>thinking they actually kept that money
What happened to "bootstrapping the network"? Linkie's changing their script to whatever suits in the moment.

>> No.51609778

>>51608500
checked
can't wait for the mental gymnastics after SmartCon

>> No.51611574

>>51597569
I'm glad they sold the tops, as it means they have a big enough fiat war-chest to succeed further.

>> No.51611617

>>51611574
what are you? a cheerleader?

>> No.51612636

>>51597569
Balance sheet? Debt ratios? This isn't a stock, grandpa. Do you even scam? DO YOU?