goodnight frens

[Anonymous No.16943086]

The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. Only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that. It is fundamentally backed by the truth.

There is infinite amount of collateral available because the token price can rise to meet it (Note: the token is divisible by 18 decimal places).

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-5 years?

[Anonymous No.16943096]

>>16943086
1000eoy!

[Anonymous No.16943127]

1000 EOY is a meme that won’t happen. But yeah.. 3-6 years down the line it’ll be worth even more than that.

[Anonymous No.16943417]

And then someone copies ChainLink's functionality but allows sats to be used to power the network.

Then LINK's value drop to 0. Why use a shitcoin with its own volatile exchange rate when you can just use sats like any sane person.

[Anonymous No.16943999]

>>16943127
you sound like one of those people who said bitcoin will never reach $1000, or eth at $100.

[Anonymous No.16944012]

>>16943086
>tokenomics

[Anonymous No.16944053]

>>16943417
LINK actually makes it possible to have sats power the network, you absolute fucking mong. kys

[Anonymous No.16944077]

>>16943086

Stop shilling this scam please. Do you want to tell your children you scammed people on the internet?

[Anonymous No.16944079]

>>16944053
>power the network
power *any network

[Anonymous No.16944083]

>>16943417

This. Chainlink is a cult.

[Anonymous No.16944098]

„tokenomics“

[Anonymous No.16944105]

>>16944077
Do you want to tell your children you’re poor because you were too stupid to buy the most obvious 1000x in the history of finance?

[Anonymous No.16944115]

>>16944105

It’s not going to 1000x though because there are no fundamentals and the coin is a scam. The top is in and now the bag holders (you) better figure out how to exit. KEK reality bites

[Anonymous No.16944178]

>>16943086
Simple and to the point. Night fren

[Anonymous No.16944186]

>>16943999
He’s got a point. End of YEAR it isn’t possible. Give it 2-3 working years and 1k is absolute fud

[Anonymous No.16944253]

>>16944186

[Anonymous No.16944353]

>>16944253
>Poorfag
I’ll let you clean my lambo, son

[Anonymous No.16944474]

>>16943086
You’re cute.

18 decimals so Link can be worth 100,000,000,000,000,000,