Discussion thread about shares price, future of this platform, potential revenue... etc.
Previous thread What Is LinkPool? >LinkPool is a ChainLink service provider with the ultimate goal of lowering the barrier to entry to becoming part of the ChainLink node network. Our aim is to allow people to easily earn passive income via staking, and also ease the amount of technical knowledge and experience required for running their own node. We achieve this by offering a easy to use and intuitive staking app and also a more hands-on Node as a service solution.
Linkpool's Services
>Staking Pool >NaaS >Consultancy & Managed Nodes
Official Website: linkpool.io/index.html dApp: staking.linkpool.io/dashboard DEX for Linkpool shares: staking.linkpool.io/dex - - - - -
In order to get funding, LinkPool had a crowdsale from April 15 to July 31, 2018. Jonny & Mat sold 6.25% of the company to the crowdsale contributors. The capacity of the crowdsale was 1,000 ETH, of which only 701.2 ETH were sold. However, the Linkpool team decided to evenly distribute the unsold portion among contributors. After the crowdsale finished, the team distributed the shares, giving an extra 40% to everyone. These can be purchased through the DEx.
Why would I buy a share? >You get 0.00625% of the Linkpool's revenue per share you hold. That includes DEX fees, NaaS subscription payments, 25% stakers fee and any other form of revenue for future Linkpool's products that are paid in LINK. Furthermore you will obtain staking priority when LinkPool goes live (the amount to stake per share is unknown yet).
>Figure with 100 LINK as revenue in the staking dApp: >75 Link is distributed among every staker. >6.25 Link is distributed among share holders. >18.75 Link is distributed among Jonny & Mat.
>Figure with 100 LINK as revenue in the NaaS payment and DEx fees: >75 go to Jonny & Mat >25 go to share holders
Last LP share trade: 10.1 ETH / LP
Jayden Jenkins
Based thread
Bentley Jenkins
>tfw you have to have already kind of made it to reap the benefits of link pool
fees are an absolute rip off. there will be a linkpool competitor soon emerging, with way lower fees. STINKPOOL
Landon Thomas
tbqh i don’t the point on contamtly making a thread about this nothing new really comes up everyday or so
chainlink general threads are a different matter though
Caleb Jones
I think the 25% cut is fair. If you run your own node you will need to
1) provide the hardware the node will run on, 2) Provide API's that the data requesters are interested in and alot of these API's have to be paid, 3) Have the knowledge and confidence to set up your node in a way that you don't make a mistake and lose part of your collateral Link.
If any collateral loses were to happen to Linkpool, they are going to cover that off the 25% fee. So all in all I think the Linkpool model is really fair.
James Miller
Several LP threads were created during these last weeks and therefore interesting conversations occured in separated threads I try to concentrate such debates and topics in a single thread
Parker Torres
>falling for the linkpool scam
Benjamin Mitchell
>inb4 LINKCOOOONNEEEEEEECTTTTT
Owen Cook
Why not just wait 6 months after main net, get a really good idea of how easy node operation is and how successful linkpool is, and then make a decision with actual figures to off as to whether you want to sacrifice 25% of gains to stake with LP instead of running your own shit? If Chainlink is the game changer we think it is, it will be around for decades, so getting in 6 months "later" won't make much difference. Not to mention how many LINK tokens you could buy for the value of LP shares.
Nicholas Morgan
Damn seeing linkpool copy pasta aint a good sign
Austin Diaz
I have my .04 shares that I got for free from playing the very illiquid dex holding on to that because that is minimum required
Connor Butler
At what point does it become more profitable to just run your own node?
Caleb Sanchez
you could just pull out your link from linkpool at that point?
I'm interested to hear, the nodes will be run by smartcontracts right? so, linkpool can't scam in any way? it'll just be functions to trigger withdrawal etc?
Noah Lee
The whole crypto sphere is such a joke though. Do we really know that there will be significant demand for the data that Chainlink nodes will provide? Aren't all official partnerships crypto related - nobody uses any of that. And non-crypto partnerships will have a rough time setting up smart contracts - there is so much that can go wrong. I think Chainlink is a great project, but I don't see 1) Crypto partners creating enough demand and throughput for nodes to be very profitable and 2) Non-Crypto partners to create smart contracts in the near future.
Chainlink will end up like Augur, nice idea, but nobody uses it.
Joseph Scott
>Why not just wait 6 months after main net wait 6 months = get nothing stake with linkpool = get 75% brainlet also the sooner you get in, the better the nodes
Asher Phillips
Cost of opportunity might be too big. During the initial phase of main net release, a small time gap before the price moons, nodes might generate a lot of rewards in LINK, which would be the ultimate goal. This is just a normie friendly way to stake or host your nodes. Nothing wrong with it. If you have the ability or the skills necessary to fail proof run your own node, do it, it's encouraged and necessary for the network.
Sure, because Chainlink information hasn't been copypasted till exhaustion in this board during 2017... If people always ask the same, I'll answer the same.
The nodes will be run by... Node operators, that's why people is encouraged to learn how to do it. Chainlink team has "just" developed the infrastructure, the system and the network.
Get out of this board.
Lincoln Johnson
I mean, the linkpool nodes - how can linkpool scam if they're managed by contracts? the site is just a middleground to interact with the contracts? so, one can just trigger the withdraw function even if their site would go down for example, and the contract code would obviously have to be verified to not have any "backdoors"
Joseph Jones
Sorry I hadn't understood what you meant. Yes, you are right, if you don't trust a trustless audited contract, you can't trust anything.
Jaxon Gonzalez
It's bullshit though. This is effectively a masternode service.
Those people charge less tan $5 USD monthly once they establish their process. 25% will be a massive cut once this takes off, which it will.
In a Masternode you just have hardware and computation requirements, you don't have to do much else. In a Chainlink node you have to effectively get access to data providers (in many cases paying expensive API subscriptions), secure your own node, secure your cloud access, create redundancy systems in different AWS regions to avoid downtimes, support requester's requirements (creating customized adapters), registering in different 3rd party reputation providers... etc. It's not THAT easy to effectively run your node in a profitable manner. If a competitor appears offering the same services as Linkpool undercutting Linkpool's fee, such competitor will be operating at a loss
William Phillips
>If a competitor appears offering the same services as Linkpool undercutting Linkpool's fee, such competitor will be operating at a loss Nice try johnny
Robert Allen
He's actually building something I doubt he hang in this god forsaken board
Austin Collins
someone prove me wrong...the 25% is insanely high, i say this because i think the penelties you will encounter while running a '@home' setup will never amount or surpass 25% of what you make...says my nodes gets 100 out of the 100,000 calls wrong, my node still has 99.9% reputation
Benjamin Phillips
All someone has to do is run chainlink in docker on a vps and connect it to fiews EaaS. No need to use linkpool.
Isaiah Green
Anyone know if there is a minimum amount of link that must be staked for a link pool user? I want to try out linkpool when its active but dont want to risk more than 10% of my stack initially, and if theres a minimum amount I may not meet it with 10% of the stack for instance.
Noah Martinez
I can assure you he has posted long articulate answers here before, defending l p
Jacob Sanders
>undercutting Linkpool means a loss You cannot possibly know that. It was so incredibly stupid to set the fees in stone when NOBODY knows how much decentralized data input will cost or what market equilibrium will emerge, how much the infrastructure will cost, etc.. they could be running at a loss from day 1 because maybe it's even too little and the whole operation is way more costly or maybe they'll be profitable at 5% fee already but cannot change it. The project seems legit and all but that's the cracking point right there and yeah in this case even shitty competitors are a major threat.
Mason Rodriguez
and you call linkpool centralised, kek
Brayden Jenkins
That's the thing. You could be right but the opposite would be equally deadly for business. They may know how to code but they're not businessmen. You can't simply set a profit margin you want to make. They shouldn't have promised a set cut from the revenue but instead from the profits which they should be able to tweak depending on market conditions. It's fucked, by definition they won't be competitive and can only survive by holding a monopoly forever or by sheer luck but there's lottery for that.
Ethan Nguyen
>Go to link pool >Hey guys we're only working with make believe Link RN
when's it going online ffs i need to stake my 35 LINKS
Adrian Gonzalez
How is linkpool more decentralised than what I said?
