1/ For those who were not in the #Chainlink ICO, some food for thoughts around the hype back in 2017:
2/ There was only 2649 token sales participants Image
3/ $29MM out of the $32MM crowdsale was sold during pre-sale Image
4/ It caused a shock to crowdsale participants because they aimed $10MM pre-sale max at first Image
5/ They later aimed at $16MM available for crowdsale, far from the $2.7MM Image
6/ The $29.3MM left the crowdsale participant less than 4.68 blocks worth of transactions to fit into. Image
7/ The presale had 100 ETH minimum buy-in Image
8/ People pooled together to be in pre-sale, and some pool exceeded their own cap Image
9/ Individual cap for crowdsale was 7 $ETH at 2000 $LINK per $ETH but they ended up giving 30% more, 2600 $LINK per $ETH Image
10/ The ICO price per $LINK was around $0.11 Image
11/ At 2600 $LINK per $ETH, and 7 $ETH cap, someone who maxed out received 18200 $LINK for $1,995
12/ At today’s price, these 18,200 $LINK would be worth around $43,500 or around $73,710 at ATH. Not a bad ROI.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Kevin Bélanger

Kevin Bélanger Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @kvnbelanger

11 Jun 20
People are so focus on DeFi they are missing alpha elsewhere. Image
Arweave is a protocol/platform designed to provide scalable and permanent on-chain data storage in a sustainable manner.

The team spent the last 3 years making a decentralized, low-cost data storage protocol that can scale. Image
The token economy is based around two main factors : Cost of Perpetual Storage and Storage Endowment.

They achieved a transaction pricing model (PoA +PoW) that sustainably incentivise the perpetual storage of arbitrary quantities of data. ImageImageImage
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!