5 days later, they announced their crowdsale plan.
Is it even possible to publicly and internationally raise capital this quickly in Estonia?
Can a private limited company have potentially infinite number of shareholders? What about future shareholders with unknown identity when the tokens can be freely traded?
I urge anyone who is interested in the crowdsale to understand what all this mean.
Other urls found in this thread:
reddit.com
twitter.com
Estonian Business Registry:
ariregister.rik.ee
Go see for yourself.
these guys want to raise YOUR linkies funds to use that funds to most likely short link with said funds and then go on a rampant fud campaign
thats clcg for u. pic related
imagine putting any money into this
Did some more digging.
Pay attention to the contact person, Premium Administration
It's a online gambling company?
And there's only 1 entry in the Estonian registry, which should be the same gambling company
>Is it even possible to publicly and internationally raise capital this quickly in Estonia?
no its illegal to do that specifically in estonia. well done Jow Forums you cracked this case easily.
link to that page?
Have a bump
Click "printout of valid registry card information" from the registry
Absolutely based and redpilled. I hope you will make it
I always felt something odd with this crowdsale, unlike LinkPool's one, which by the way was managed by a smart contract and all the process was trustless. Also the self valuation is quite high...
Good job user.
>Estonia
Pretty sure they can run of with the money there
Thanks just bought 100k linkpool shares, costing me 2200000 Eth and allowing me to stake 15 link
just buy link faggot
Thanks Jonny
u keep this joke running
You do understand that if you're not physically in the country where you register your business, you need an admin company to provide you with the required services like a mailbox (postal address) etc.? Usually these also double as your accounting firm. Like you think Chainlink has an actual physical office in the Cayman Islands? How old are you?
Nice research copy pasting the company registry code they give on their website into the registry search bar I guess, but this is a pretty big nothing burger desu.
CLC deserves to fail. Biggest embarrassment to Chainlink so far and that's saying something.
Running sounds like something Jonny needs to do
Reminder. Everyone fudding here is going to buy when the presale happens.
kek this is some pathetic cope
>Says the buyer
It was created by some 28-year old Finnish guy with no other relations to any businesses. The most likely reason why they chose to incorporate in Estonia was because it can be done online in a few minutes and there's no obligation to actually pay anything into the company right away. As you can see, CLC Group was established without making an installment. CLCG is literally backed by nothing but an unknown Finnish dude and an entry in the Estonian business registry that takes 5 minutes tops and doesn't cost anything.
this delusion WTF
topkek, no. I hate Timo and will never buy into this shitty project
I'm not giving you desperate retards any money. Stop deluding yourself.
This. Timo is now the most hated person on this board.
And will deal with it
According to Thomas only. Every clear-minded non-linkpoo bagholder can see the aura of competence around him
Does betting company provide accounting and mailbox services?
Or are they trying to get into pump and dump business?
Daily reminder Timo means scam in spanish
This Vänttinen is known scammer in Finland, stay away.
>linkpoo bagholders in full panic mode
What the fuck they are Estonian? I thought I was the only Linkmarine in Tallinn.
Ooohh timi timi timo poo in the loo
Your sorry ass will get D. You think we wont remember bitch? do you really?
I don't understand the pathological fudding going on on this board anymore. There's being ironic and meme fudding, there's strategic fudding to accumulate more yourself, but then there's also fudding because you're low IQ and way out of your depth. Take a step back and think about what you're doing and why you're doing it for a second. There's an actual risk that they could fail to secure their funding, in which case it would slow them down and every node operator will therefore struggle also because this means less access to APIs for everyone. That means a weaker ecosystem, that means lesser chances of overall success for all of us. And you, the simpleton who is lurking and not fully understanding what's really going on, who is reading these threads to gauge the reactions and just follow the herd, my advice to you is think about it critically. The only people who stand to win anything by fudding CLC are the whales who already have their own operations set up and can afford data subscription plans, and want less competition from smaller fishes at mainnet so they can gain more income and reputation. Then there are also the morons who are fudding, just for a laugh and to fit in, and because they haven't done their homework and don't understand the scope of Burak's vision, and how it would profoundly benefit the larger Chainlink ecosystem. In case you haven't noticed, the node generals have started popping up and people are finally waking up and getting ready. Everyone is about to get a severe wake up call when they realize the hurdles they'll face to get API access. The first-moving API DEX will be used by every single node operator. If they don't get to it, some company outside the community will, and you won't get to own a piece of every single transaction. And as you know if your IQ isn't two digits, API is where the real value of the network is. There will be massive fomo when all start realizing this, and massive regret if they don't get funding.
Daily reminder Vantinnen when to a who wants to be a billionaire tv show and he lost at the first round
Chainlink's success is not dependant on your shitty, self-overvalued list of APIs. Stop pushing this meme, it's making you look wore than you already do. It's honestly impressive how much more shit you consistently manage to make yourselves look.
You'd have to be a retard and a sucker to buy this. No mention of unsold share allocation and based on their obvious greed at 60% reserved for the team probably means they're going to the team as well when the inevitably raise more like 500 ETH (Linkpool only raised about 700).
They're selling at a valuation of $7mil. Step outside of the echochamber that is crypto for a minute as they are offer you equity in a company NOT a cryptocurrency. Imagine making a website that hosted a few apis and thinking it is worth $7mil. Any other day in the real world of building a business, what they have made is barely worth $50k. Probably not even that as they have no revenue model at the moment other than "when the chainlink mainnet goes online (anytime between now and the end of time) and isn't a complete failure (probably 50/50), people MIGHT use our service enough that we make some money"
What they've done here is decided they want some money, a shitload of it actually. And it just so happens that there's a bunch of retards who follow this coin religiously (myself included) which are more than happy to throw their money into the toilet on ICOs. So we will do an ICO to take their money, but not actually offer them anything other than a share in the so far completely non-existent profits in our api hosting website which we value at 7 MILLION FUCKING DOLLARS.
To answer your last point, I'd say it's incredibly unlikely that those apis are exclusive. Read back over my second paragraph and try to think of any scenario in which a company would want to offer their apis exclusively to a company like that.
lmao, as if. Linkmarines are worldwide
why would they value themselves at 7 million if it's so obviously wrong?
didn't they change their valuation anyway?
ETH was between 700 to 400 USD at that time.
It's $170 now.
Now calculate how much is 700ETH @ 500, and 2000 ETH at 180. Not that much of a difference now, isn't
well LP actually built something that the "shareholders" will instantly get rewarded from..
CLCG offers nothing measurable
Nothing measurable apart from money Jonny, money.
Chainlink's long-term success is dependent on a large decentralized network of independent node operators providing data valued by smart contract developers and enterprises. Sergey's focus at launch is to incentivize and onboard the big data providers, which will run their own nodes. Onboarding the big fishes is great for the network but also bad for decentralization because the big fishes don't like to share with the small fishes. The decentralized API/smart contracts economy is a whole new uncharted territory that even though holds tremendous economic potential still is risky and needs to prove itself, before it redefines the data providers' current business models. Introducing not only per-call pricing, but tokenized calls through a decentralized exchange is the most sensible way to make expensive data affordable to all independent node operators while retaining the trustless nature of the network, thus allowing the large-scale availability of high-value independent nodes needed to make the decentralized network optimal. Now if you also can't foresee how switching their operation from listing centralized, non-exclusive APIs and negotiating per-call rates (they have first-moving advantage now, they get to develop business relations, sure, but they would remain easily replaceable middlemen) to introducing API call tokenization through DEX (first-mover PLUS network effect.... sounds familiar?), and that's not even considering the cornerstone potential of Nodary, I guess I don't know what to tell you.
I'm gonna say it again though: THEY'RE BUILDING AN API DEX
>Instantly get rewarded
>Get 0.01 link in exchange for 2 Eth invested 8 months after investment
>Will be able to stake less than that at launch
jonny actually contributes to the ecosystem actively
what about this Bridges thing?
the only thing CLCG offers is being the middleman for talking to API providers.
sure, it can have value but how much?
I plan to run my own node but I still see the value in LP and what it does.
I know the staking limit, but a %(very small, sure) of all LPs income is also something
either way this isn't about LP, are you trying to shill CLCG or not
7 million dollars
THEY'RE BUILDING AN API DEX
Once you have a DEX online with 50 API providers seeing the value of the API smart contracts economy and making banks with easy monetization, network effect kicks in and it opens the floodgates, all API providers will want a share of the cake. They won't even have to negotiate anymore. Keep in mind the first-mover advantage also holds for API providers: if you got 500 nodes at launch providing BNC data, then smart contracts devs will start building around BNC data. Pick up the phone and call an API provider right now and tell him you want per-call pricing and he'll laugh at you; start explaining to him what Chainlink is building (one call plus one call plus one call... * hundreds and hundreds of nodes - okay so one call is actually hundreds of calls?!) and he'll start being very receptive.
Try to also see the big picture here.
Link network launching with not only the providers the CL has been working on onboarding, but also with a dedicated DEX with hundreds of independent API providers backing it up.
This will annihilate Chainlink's competition also, because they won't be servicing competing networks, even though it would eventually be profitable for them to do so.
The faster the complete CL ecosystem gets to grow and get funded, the more difficult it'll become for competition to rival. Witnet and the likes don't have Town Crier, Linkpool, CLC. When you see the big picture, you see all these ecosystem parts compliment each other. Zoom out: there are 50 people working on developing the Chainlink ecosystem right now.
cool text until you said 50 people
I was trying to get someone to give a proper response, thank you
Homie you're invested in a token where the team has kept 70% of the supply, and has been vague about how 35% of it will be distributed.
There is also a successful project built on top of said 70%-reserved token where they sold 25% of their company (how could they, the greedy bastards, keeping 75% for themselves) for millions of dollars.
Read this thread: reddit.com
"Fees were high from the start, crowdsale comes across greedy. Will reserve judgement for when they explain why they need a crowdsale and how much they're raising though."
Sound familiar? Don't miss out on another 20x in the bear.
The only bridge you need is a weighbridge
Wishful thinking at it's finest
need to look like the great leader sergey
Talking about the full ecosystem. 50 sounds about right. Compare to how many people are working on oracles competitors and their ecosystems (or lack off).
Chainlink full-time team (+ advisors + code/UI contributors + TC people + people they have doing audits etc) + LP + CLC + Fiews + randoms selling node setup services... it adds up
You should also pay attention to their Nodary service. Sybil attacks is still one of the major fud for the network, even with staking and reputation. Nodes need to be uniquely verified and certified, this means KYC, which is also a centralization issue and can easily be gamed as well. They're trying to design a third-party solution to this problem. I absolutely love Jonny, but people right now are severely underrating how weapon grade high IQ autistic CLC's CTO is.
One similarity is better than none Jonny
Have you started contacting API providers for your node? Funny how this is the one question CLC fudders never reply to.
Based and burakpilled
Let's hope watever this bridges thing is, that it's a strong bridge
This dude is gonna be like when we flew in cocaine on CIA planes
This dude is gonna be like when Reagan hid the spread of AIDS
This dude is gonna be like when we assassinated MLK
This dude is gonna be like WMDs in Iraq
Real gs move in silence like lasagna
Checked
Holy shit unironically my post from a few weeks back is now pasta. I'm fucking right though arnt i
You're right fucking fat Jonny, that you are
you really sit here for hours not to be useful but to call everyone who dislikes CLCG for jonny? fucking retard
>9 posts by this ID
>Eating a massive fucking kebab
there are retards everywhere, not just there
There is no way I would ever send my personal information to a bunch of random semi anonymous retards from biz. No fucking way. So forget about that one.
You're 100% correct on all your points.
These morons are reselling publicly available authenticated API access at a markup.
>Duuuurrrr they said they negotiated lower rates
Whoever thinks this is a moron. It would make business sense for the API provider to do this
>semi anonymous retards from biz.
You would've thought with those CVs they wouldn't be so retarded.
>reselling publicly available authenticated API access at a markup
PER CALL
idiot
Is this bait? I complain about anonymity and you post a bunch of blacked out usernames? Is this a joke?
The reason they are doing a crowdsale is to find the prototype and get additional funding.
They failed to raise money with no prototype for a network that doesn’t have a Mainnet release.
I own 100k link. I understand how to value a company because I’ve watched 4 episodes of shark tank. These guys really put a 7 million dollar evaluation on their company they created 5 days ago in Estonia? This isn’t rocket science. It’s common sense. Chainlink doesn’t even have a working product and they believe they’re 7 million dollars ? Sure they can revise all they want. They showed their true colors of incompetence, inexperience, unprofessionalism. I’m out. You get one shot at doing it right.
Based facts.
>Shilling LinkPool
FUCK YOU JUXTABLE IM NOT GIVING YOU MY LINKIES
Agreed.
You really have not much to gain betting on startup with that valuation, that operates on top of another startup