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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52544521 No.52544521 [Reply] [Original]

What is it for? When do we get info on staking?

>> No.52544570

>>52544521
Its purpose is to give a chance to the team to dump their tokens before holders are selling

>> No.52544584

>>52544570
How does that work?

>> No.52544670

>>52544584
>hype up random date by announcing snapshot and keeping the reason for the snapshot a mystery
>just after announcing the team will pay their team members in LPL
>the team knows what the snapshot is for, and thus can form a better judgement if now is the time to sell or not

>> No.52544685

>>52544521

Fuck seeing those APIs listed scares the fuck out of me. Reminds me so much of seeing the yield at celsius and all those places that ended up being totally fraudulent.

>> No.52544725

>>52544670
They can't sell, there's no liquidity.

>> No.52544742

>>52544725
Oh they will sell, bc last time i checked LPL tokens werent edible. And there are plenty of fulltime team members that need to eat.

>> No.52545973

>>52544742
Delet this

>> No.52546457
File: 128 KB, 960x1660, FCzvMtUXMAQnmc8.jpg [View same] [iqdb] [saucenao] [google]
52546457

>>52544521
im not sure but i sure am excited! that is FRIDAY THIS WEEK

>> No.52546676

>>52544521
You can get 3% ona real savings account with capital one right now..why would anyone buy link to collect interest?

>> No.52548556

friday, 7am est

>> No.52549955
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52549955

>>52544521
boys

>> No.52551136

>>52549955
Linkpool is the official third party

>> No.52551783

>>52549955
i dont know if this is bullish or bearish for LPL, very mixed message. lowkey getting the vibe that sergey is distancing himself from 3rd party delegation.

>> No.52551824

>>52551783
It's not exactly a bad thing. This is what real decentralization looks like. People are free to create their own nodes.

>> No.52551836

>>52544521
At this point with link it's for the cringe compilation

>> No.52551906

>>52551824
in the begining no one was releying on the team to create a staking contract. Then they KYC the nodes and now they are doing a 24 month token and reward lock up

>> No.52551970

>>52551906
Correct me if I am wrong but it's a lockup for people who choose to stake in the official v0.1. And that guarantees that your linkies are safu and can't be exploited while they finalize the protocol.

>> No.52552031

>>52551970
i dont trust the team anymore with how they have been acting. Bancor, celcius etc. The lock up give me a bad taste in my mouth they fact they are trying to sell it gives me red flags in general. im going to lock up 7k and then hold the rest to sell for the next run up.