/biz/ - Business & Finance

>>52603914
is a snapshot like a photoshoot or can i just chill at the pool with my bros?

>>52603924
im going to be a crypto model now after this shapshot, it'll be the photo that will change everything

>>52603943
this snapshot will take me from the pool to the mountaintop and everywhere inbetween.

LinkPool ICO (Ended July 31, 2018)

Total supply: 4000 LP. Supply sold in ICO: 1000 LP

701.2/1000 ETH target raised. Unsold portion redistributed to give 1.4 LP (35,000 LPL) per 1 ETH contributed

ICO price: $0.013 per LPL (given price of $460 per ETH)

>>52603924
jesus imagine the smell

guys can I still make it with no lpl? or suicide instantly instead?

>>52604016
Am I about to receive 35,000 LPL?

tomorrow is our day poolbros

>>52603914
I'm excited but its probably nothing. Stop hyping and enjoy your Thanksgiving faggots

only 54k liquidity
https://dune.com/nasdanel/linkpoolinfo
>>52604043
i wish

>>52603914
is everyone still lping on bancor? hate that they got in bed with those kikes

>>52604146
Never considered touching bancor

>>52604146
48/54k is on there, see link above
fucked up
best thing is for people to do otc with airswap

>>52603914
still holding. still haven't staked my lpl.

>>52604146
>is everyone still lping on bancor? hate that they got in bed with those kikes

didn't bancor steal a load of linkies and lpl from marines? i've barely been on biz over the past few years but i remember seeing someone say this happened.

>>52604105
>only 54k liquidity
>https://dune.com/nasdanel/linkpoolinfo

I really don't like the idea of the market being this thin and illiquid on a second-rate, barely-used AMM. i hope the OTC deals include a centralized exchange or a MM that will provide liquidity on Uniswap.

11 hours 30 minutes until photoshoot/snapshot

>>52604277
true but the issue with no staking lpl is that you forego staking rewards
i still the best solution is an order book dex... just like what we used to have
i have had a look around but it seems that all the order book dexes are dead now, forkdelta is still there but looks pretty sketchy

>>52603914
Do I have to do anything?

>>52605652
no and doesn't matter if its lpl or lpla

>>52604229
Dumbass

>>52603914
Do we have an actual time?

>>52607738
it's literally in the op
https://www.utctime.net/
4 and a half hours

>>52604016
kek pool boys BTFO

>>52607800
only a 250x

>>52607766
Is that made up or from the team? Nvm i just saw the op pic. Hahahah hahahah soon my.fellow.poool bros.

soon

>>52603914

Holy shit will this be the equivalent of the LIDO protocol or stETH but for staked LINK?

>>52608046
Linkpoolers will make it before link onlies.

>>52603914
We are pumping lads. Fomo + no liquidity before the Snapshot.

last chance to sell before interest is gone forever. 71k trading volume in a day - all you millionaires can't even cash out kek

>>52608046
yes, very similar really, complete with the inability to withdraw for some time
sergey has been very nice to us

>>52608046
Can somebody explain how Lido works and how it would work with LINK?

>>52608108
you're following it very closely for someone disinterested
you can get around liquidity with otc trades anyway

>>52603914
xccv

>>52608119
OTC trades are extremely nasty though, I can tell you some stories. When I put in a WTB 100k LPL an intermediary reached out and scheduled a video call with an interested seller. I logged on, and the other guy had his video off. But his cockney accent was so bad I could hardly make out what he was saying so I kept pressing for him to activate his webcam so I could at least lipread a bit, to help me piece together what he was saying. After a minute or two of arguing about it he said “fine”, I heard him stumbling a bit and after 30 or so seconds his webcam came on but he was wearing a horse mask. So needless to say I still couldn’t make out what he was saying. But it was rather strange that he was wearing a linkpool shirt, and through his bedroom window I could see the Big Ben so I have some idea who it was that I was speaking too. I ended up not doing the swap, couldn’t trust Jonny anymore after what he did.

>>52608183
kek
https://trader.airswap.io/

>>52608117

LIDO is a protocol that stakes your ETH through the official ETH staking contract for the standard yield. In return they give you the stETH token which you can use for lending or just having liquid staked ETH to take profits or hedge etc. Its awesome.

Some people essentially use leverage by using the stETH to buy more ETH stake it and rinse repeat. So you are getting much high APR but you have a liquidation point then. Either lots of options and kind of defeats the whole 1-2 year LINK lockup issue.

Someone may be able to give more specifics but that is gist of it from my understanding

>>52608209
What if they give us a sLINK token that might cause tax problems. Guess we'll have to wait and see what they announce.

>>52608218
yeah i'm concerned about this, tax is crazy here, any swap is disposal
other option would be to lend out access to others, may be better tax wise

>>52608218
>>52608218

It just basically a receipt token that shows the value you put into the smart contract except it will have potential value through DEFI money legos.

Idk why everyone worries about taxes just pay them? Kek

Honestly this is the worst most pointless FUD so either you being FUD'ed and believing it or spreading the FUD because you are disingenuous.

You will be fine.

>>52603914
should i exchange my LP shares yet or still hold?

>>52608232
If you're religious like me lending with interest is a big sin.

>>52608245
It's not fud. Swapping for lending tokens is a taxable event. Tax we cannot afford as we're not selling.

>>52608252
You need LPL not LP before the snapshot. You have 3 hours.

>>52608274

You technically wouldn't be swapping. Its not a selling event.

If its akin to LIDO you are depositing your LINK into a smart contract and getting some equivalent in return. sLINK or stLINK whatever they decide to call it.

>>52608288
Depends how it's done. Aave swaps are taxable.

>>52608281
snapshot in 3 hours and you lpl faggots can only come up with 71k interest volume? kek "everythings otc" yeah, you and your 200 discord buddies shaking hands after taking a shit in an indian "toilet"

>>52608288
taxable event for me, ANY swap is disposal
community staking won't be taxable though as it's a deposit into a contract
>>52608376
we heard you the first time and know that you're a burger that didn't buy the ico then didn't buy after and saw linkpool do a 250x even at these relatively low price levels compared to last year

>>52608472

These aren't "swaps". I'm telling you its not a buy/sell event.

>>52608530
yeah i think i'll trust my accountant who is the leading crypto accountant in my country and speaks with the tax agency often
might be different where you are

>>52608583

No you are just being a disingenuous retard on purpose.

Its not a taxable event anywhere if you deposit into a smart contract and receive the collateral token in return. Its a literal 1:1 ratio there was no profit gained from the deposit. Its also not a swap I.E. selling or buying event.

This is the worst FUD kill yourself.

2 hours left my pool niggers

>>52608663
Depends on how it's done.. token redemoniation was fine for lp to lpl. But wrapped swaps still counts as a swap in some countries.

>>52608688
>>52608688

Its obvious you are being obtuse on purpose. There is no profit or loss in process. You are not buying and selling. You are just wrong and its seemingly intentional

>>52608716
>obtuse
Speak for yourself.
>Anon bought link at 30cents
>Anon swaps for sLINK in the staking pool
>That counts as a taxable event in somr countries
The profit is based on the price you bought your link then sold or (((swapped))) it.

>>52608732
>Anon swaps for sLINK in the staking pool

Anon deposits LINK into a staking pool and receives sLINK as a collateral receipt.

I fixed it for you

>>52608758
That can still be classified as a swap. As uniswap is also done in a smart contract. This is just how jews work. You will need to look into your nations tax rules.closely.

>>52608772
fuck off irs im not paying

>>52608716
>Its obvious you are being obtuse on purpose. There is no profit or loss in process. You are not buying and selling. You are just wrong and its seemingly intentional

In the UK swapping LPL for LPLA counts as a disposal i.e. a taxable event even though it is 1 for 1. Yes, the UK's tax laws are retarded.

>>52608758
>>52608790
>>52608791
Pic related for Australia

>>52608812
if its off a CEX, just dont report it. when you cash out, treat as zero cost basis. I made a fair bit and bout 20k lpl when price was higher. Imagine paying those dogs lmao, they only get tax if I swap on CEX or sell on CEX

>>52608716
>There is no profit or loss in process

Not necessarily, these are two different tokens and can have different prices

>>52608812
It appears the ato may have changed this. I can't delete post...

>>52608836
You better hope they don't get back to you in a few years after using a chainlink powered instant audit to scan the blockchains with all your transactions from your wallet address.

>>52608850
would have revoked my citizenship by then

>>52608850
>tfw bought most of my link on binance 2017
>tfw never paid goy tax
Im worried I’m going to be super fucked when i cash out next run

>>52608876
this, if they dont change the laws might as well move somewhere else then. ill pay the taxes that make sense.

Soon

>>52609374
>Announcement of announcement
Reeeeee

It’s done lpl chads
>tfw ready for my real life to start

kek, tax fud. you did pay for the gain from receieving an armadyl chestplate drop in old school runescape right?? thats 30m, nearly $30 in income. you did pay taxs on your virtual gain right??

>10 node operators = 500k pool size
Nice

>>52609860
didn't jonneh say more than 10?

>>52609860
Lol that's tiny, there's 100Million lpl dumbass

>>52609860
so minimum LPL:LINK staking ratio is
73.8m staked LPL
500k LINK pool
can stake .00677 LINK per LPL
it does say more than 10 node operators though

>MFW LPL dumps back down to $1.31 now the snapshot has been taken

Is this like stETH or cbETH?

>>52611231
it's like lpLUNA
inflating my rewards

>>52611380
It's like ur mom, inflating muh dick

>>52609860
Its going to be more like 40mm after the 25->75mm allocation expansion

Link/LPL is truly the make it wombo combo

>>52609860
yah and they are KYC'd and freinds with sergey. This faggot is acting more and more like MEV mafia

>>52604229
>>52611611
I have 150 LPL and 1000 LINK, what am I in for?

>>52611727
>I have 150 LPL and 1000 LINK, what am I in for?

Untold misery and anguish as both Jonneh and Sirgay 'decentralize the tokens' by dumping all their bags on you.

>>52611727
Exactly the same, pls realistic answers

>>52608876
You'll still be liable to pay taxes due and will be extradited back by chainlink powered interpol robots to spend the rest of your days in a windowless cell, with a pet woodlouse named Gary, who turns away while you are raped senseless each and every night. In time you'll learn to enjoy this new life, and you'll remember these threads fondly.

>>52612544
Pain and suffering, if you think making good money with that stack

>>52611727
>>52612422
>>52612544
See how mad youre making every idiot who lost their stack?
Its almost better than the gains youll make

>>52609913
So I can stake 56 link tokens by holding 8k lpl. Please tell me this is not true. What the absolute fuck…..

>>52612716
>See how mad youre making every idiot who lost their stack?

Lost my stack? I still hold LPL and won't sell until 1k EOY you nigger.

>>52610371
>mfw you will only be able to buy 120 LPL before slippage takes it back to $2

Now we have to wait til Dec 5? VGH

>>52603914
Sorry Linkies

>>52613967
>>mfw you will only be able to buy 120 LPL before slippage takes it back to $2

Yeah, but the slippage from illiquidity works in both directions though. The linkpool team better have sold some OTC to market makers to get it on a CEX desu. Not fun having a bag of shitcoins without at least a semi-liquid market.

>>52614968
So what's your target price to sell all your LPL? I'm gonna cash out at $5 and flip the profits into shiba for a serious moonshot.

>>52612544 >>52612422 >>52612716 >>52612913 >>52612630
very insightful guys. I'm not selling anything except staking rewards.

We got too cocky pool bros!

>>52614997
1 LINK per LPL
Any other quantification of LPL price is a brainlet take sorry champ

>>52614997
>So what's your target price to sell all your LPL? I'm gonna cash out at $5 and flip the profits into shiba for a serious moonshot.

Judging by the anemic price action and serious lack of liquidity, I'll never get to sell at a decent price, and nor will any other LPL holder. Even worse is that the number of token holders will never increase to anything meaningful because of a lack of a proper market for the token. I guess that works out fine for current holders if the team get a massive share of link staking and the reward payouts go parabolic, but then again, it would also potentially be bad for link imo if that happened.

>>52616188
I'm sure people who were early on Bitcoin pools or Ethereum pools would have felt the same way before their services became widely used.
Also those all have owners who profit from their existence, so nothing new when we make it.

So.. what happened?

>>52616593
we underestimated the linkpool team

looks like dextrac, currently ranked number 4 in daily rewards is going to be using linkpool's staking infrastructure
https://twitter.com/DexTracNode/status/1596260071847383040
also seems like linkriver too

>>52616829
>we
speak for yourself. They continuously innovate.

>>52603914
Linkpool is the only thing going up right now

>last reward 1 month ago
WHERE ARE MY LINKIES JONNEH REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

lpl bros assemble

>>52608663
>hurrrr taxes are the worst fud ever just swap your shit bro, trust me
>gets btfo and quietly abandons thread
jc linkies are truly the retards of crypto

>>52603914
If someone want to buy LPL via Airswap OTC reply to this post

>>52621858
Im interested, could you sell 25k?

>>52621874
Yes, selling at 43k DAI or USDC