>>15972752
Wrong!
Don't forget, that the $5 mill in fees are not paid in USD but are $5 mill worth of chainlink tokens. Where are they getting this supply of tokens? From the market, aka that 10% still for sale. With so few tokens for sale as they are being staked, the price goes up.
Example: you are placing a $100 futures bet in the binance btc "will btc go up or down" casino and you pay the dealer (chainlink node) $1 to get insured, decentralized info backed by google, intel, swift, oracle, etc. However the $1 fee is paid in link tokens, but there are not many for sale as they are being staked. Now your $1 can only buy 0.001 chainlink tokens, but that is fine because that is how much insurance you need.
But then you will say, "Wait! What if the number of tokens staked goes down and the market gets flooded? Wouldn't the lrice of link go down?" It sure would, BUT the fewer tokens being staked means the passive income in USD (not in link tokens) goes up as that $5 mill USD fee is now being split up between fewer tokens and nodes.
This then drives more people to stake and fewer in the market and the cycle continues until it reaches an equilibirum. Except this equilibrium only increases in price with more volume. Imagine if it was bitmex futures for BTC AND ETH amd not just binance and just BTC. That is 0.57 USD per token per day. Or $171,000 USD per month in link tokens in passive income from staking.
Again, this would NOT be link in the $2.40 price. Meaning you don't get 71,000 link tokens a month for a 10,000 link stack and compound it forward. You see why that is stupid right? Instead it will be more like 171 link tokens per month for a 10,000 link stack so next month your stack is 10,171 and so forth, EXCEPT this also would make 1 chainlink token worth $1000 USD. This number was used as an example, as the speculative equilibrium price between staking and sellong can only be guessed, but the USD amounts work. 1,000,000,000 tokens is not enough for $1000 USD.