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3539407 No.3539407 [Reply] [Original]

Why does chainlink even need a fucking token.

>> No.3539428

to make money for chaintards

>> No.3539474
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3539474

>>3539428
Where does the money come from tho.

>> No.3539571

To help with paying nodes and creating a price for using their API. It can't just run for free you fucking degenerate.

>> No.3539847

>>3539571
can they not just use ether? what is the point of having their own token?

>> No.3539854

It probably doesn't. Still going to moon though.

>> No.3539899

>>3539847
to raise funds for developement and to pay for node runners

>> No.3539938

>>3539899
so the token itself is useless, and just an excuse to run a $32million crowdsale?

>> No.3540051

>>3539938
Of course. Are you new to ICOs or what?

>> No.3540135

almost every coin doesnt actually need to exist. they do exist to function as a stock nothing else. youre just buying company stocks hoping that they will be worth anything someday but theres no actual reason why these companies need their own token and cant just use an existing one

>> No.3540185

>>3540135
>youre just buying company stocks hoping that they will be worth anything someday

But eth tokens aren't actual contracts and don't pay dividends. You don't actually own a part of the company, just like holding McDonalds coupons doesn't entitle you to their profits.

>> No.3540253

>>3540185
and thats why most icos are trash. they offer nothing and youre just gambling on meaningless hype

>> No.3540301

>use eth instead of link tokens
>value of eth doubles
>all smart contract services are suddenly twice as expensive
>value of eth halves
>staking nodes are suddenly only half as trustworthy
If all goes well the price of the token should be relatively unrelated to the price of eth, and instead be linked to the actual supply/demand of the chainlink oracle network, which would be better for both these cases.
I mean I still kinda agree it's not necessary but this is one of the reasons I imagine.