Thread by @ChainLinkGod

The "team is dumping" narrative is a meme that needs to be put to rest

These tokens are being used to bootstrap and subsidize the growth of the most widely used oracle network

Reinvestment into a network's growth is a good thing, because projects that don't, stagnate and die

The token movements you see are used for a number of initiatives including:

- Subsidizing oracle networks to bootstrap a secure network of nodes
- Paying out community grants and blockchain integration grants
- Acquiring new technologies like DECO and funding security audits

- Hiring more devs to create software like OCR that lower gas costs by 90%
- Hiring more engineers to increase the rate integrations can occur
- Hiring more researchers to formalize the economics of staking
- Hiring geniuses like Ari Juels (RSA, IC3) and Ben Chan (BitGo, WBTC)

Only a fraction of the tokens being moved hit the market, and its effect on the price is greatly exaggerated

In reality, it's a miniscule percentage of the total trading volume and has next to zero noticable effect on the market

Price action is driven by narratives

Looking at this objectively, it's actually a smart risk management move

For the fraction of the tokens being sold, the team can build up a treasury of uncorrelated/fiat assets

This creates a predictable runway and allows the team to survive any future bear market

Remember all those ICO projects that raised funds in ETH in 2017, didn't sell anything, and then got rekt when the bear market came in 2018/2019 and had to shut down?

The team is always thinking twenty steps ahead, this is how
successful projects ensure their success

Look at Ethereum for example

In 2017/2018, the Ethereum Foundation sold a significant number of ETH tokens to build up a treasury

Was this a bad move? Obviously not as Ethereum 1.0 is now the most widely used blockchain, while Ethereum 2.0 just launched the beacon chain

Similarly the CL team is focusing on the long term success of the oracle network which will ultimately power the global economy

Achieving this does not come for free, hence why a portion of the supply was allocated during the token sale for this exact purpose of bootstrapping

A key question you may want to ask yourself here: Are you a short term TA driven speculator or a long term FA driven investor?

There's no problem with either of these, but realize that each have very different goals and timelines, so this where most of the friction comes from

Now I'm no oracle and I (unfortunately) do not always have the answers to everything, but from my personal perspective, the team is doing exactly what they should be

Focusing on the long term adoption and success of a network that will raise the quality of life for everyone

This probably won't be the last time this discussion comes up, so this thread may be relevant for a while, but I hope you now have some more context into why unnuanced takes regarding "dumps" usually never tell the whole story