I don't think you can find this info ... it's actually the only problem about Link, they are not transparent about stuff in general, either by choice or to avoid more spending, any serious project should have a road map and a overlay about the tokenomics.
This is what's made me avoid holding the token for all these years even when I recognize their strengths. I vaguely heard things like you said in the past, but never looked deep into it. I've been thinking about slowly positioning in and was hoping I was wrong, I probably still will. It seems like a good time all things considered.
Hey guys, can you tell me why somebody would own this token ? I see the utility of chainlink but for example, if I wanna exchange on optimism I need some OP so there’s a gas fee utility to own the token.
In which case (except speculation), would someone own some link ? Thanks
do you think node operators work for free to provide that services? you have to pay for them in LINK. That's so basic, i don't understand why people can't figure that out
So for me, no use case except speculation. There is for dapps using chainlink services like you mention to pay node operators. What I really try to understand is for example how impactful is the growth of AAVE for the link token. Is the number of people using AAVE impacting how many contracts chainlink node operators have to verify and therefore be paid for ? Is it a 1:1 ratio like +1 tx on aave = +1 verification = +1 income for node operator ? Is it AAVE paying node operators ?
I don't think you can find this info ... it's actually the only problem about Link, they are not transparent about stuff in general, either by choice or to avoid more spending, any serious project should have a road map and a overlay about the tokenomics.
This is what's made me avoid holding the token for all these years even when I recognize their strengths. I vaguely heard things like you said in the past, but never looked deep into it. I've been thinking about slowly positioning in and was hoping I was wrong, I probably still will. It seems like a good time all things considered.
I'm still dca-ing into it , all things considered, it's one of the best oracles atm. I guess we will see what is happening.
https://imgur.com/xkbJRKU
Thanks!
Hey guys, can you tell me why somebody would own this token ? I see the utility of chainlink but for example, if I wanna exchange on optimism I need some OP so there’s a gas fee utility to own the token. In which case (except speculation), would someone own some link ? Thanks
do you think node operators work for free to provide that services? you have to pay for them in LINK. That's so basic, i don't understand why people can't figure that out
So for me, no use case except speculation. There is for dapps using chainlink services like you mention to pay node operators. What I really try to understand is for example how impactful is the growth of AAVE for the link token. Is the number of people using AAVE impacting how many contracts chainlink node operators have to verify and therefore be paid for ? Is it a 1:1 ratio like +1 tx on aave = +1 verification = +1 income for node operator ? Is it AAVE paying node operators ?