LinkerCoin
Published in

LinkerCoin

[Notice]Linker Buy Back Event

Linker Buy Back Event (Duration: 8/23/2021 ~ 9/6/2021)

The Linker Foundation will repurchase the Linker at a price about 27% higher than the current market price of Linker from August 23 to September 6 on the Exnomy exchange.

* After the repurchase duration ends, the price may fall to the current market price.

The repurchase quantity and price were calculated based on the formula below:

Circulating Supply: 112,776,150 LNC

( https://coinmarketcap.com/currencies/linker-coin/ )

Target Buy Back (33.3% of Circulating Supply) : 37,592,050 LNC

Spend ETH (33.3% of remaining balance) : 1000 ETH

Target Price of LNC: 0.0000266 ETH/LNC (1000 / 37,592,050)

( 0.87 USD as on 8/23, 27% higher than market price)

During the event duration, Exnomy will submit Bids and Asks to support that the average of the bid and ask prices does not deviate more than 5% from the price of 0.0000266 ETH/LNC at more than 80% of the time.

After the Ethereum 2.0 update scheduled in December 2021, in order to prepare for the risk of price fluctuations due to the large amount of staking release and the decrease in the value of Ethereum 1.0, we will exchange all Ethereum 1.0 to a basket of crypto assets such as Bitcoin and USDT.

* After the Linker Coin purchase event duration ends, most of the Ethereum currently held by the Linker Foundation will be exchanged for other major crypto assets such as Bitcoin.

— — — — — — — -

링커 매수 이벤트 (8/23 ~ 9/6)

링커재단은 Exnomy 거래소에서 8월 23일부터 9월 6일까지 현재 링커의 시장가보다 약 27%높은 가격으로 재매수를 시행합니다.

  • 재매수 종료 이후에는 가격이 현재 시장가격대로 하락할 수 있습니다. 재매수 수량과 가격은 아래의 산식을 근거로 계산되었습니다.

circulating supply: 112,776,150 LNC

( https://coinmarketcap.com/currencies/linker-coin/ )

Target Buy Back (33.3% of circulating supply) : 37,592,050 LNC

Spend ETH (33.3% of remaining balance) : 1000 ETH

Target Price of LNC: 0.0000266 ETH/LNC (1000 / 37,592,050)

( 0.87 USD at 8/23, 27% higher than market price)

이벤트 기간동안 Exnomy는 80% 이상의 시간에서 매수 1호가와 매도 1호가의 평균이 0.0000266 ETH/LNC 의 가격에서 5% 이상 벋어나지 않도록 호가를 제출할 것입니다.

올해 12월 예정된 이더리움 2.0 업데이트 이후 거액의 스테이킹 물량 해지로 인한 가격 변동 위험 및 이더리움 1.0 의 가치하락에 대비하기 위해서 현재 보유하고 있는 이더리움 1.0을 비트코인과 USDT 등의 암호자산 바스켓으로 변화 시킬 것입니다.

  • 링커코인 매수 이벤트 종료 후 현재 링커재단 보유의 이더리움 중 대부분은 비트코인 등의 타 메이저 암호자산으로 교환될 것입니다.

--

--

--

Network of Networks

Recommended from Medium

Request Invoicing in Numbers: September 2021

ZkPad is the first Launchpad in the StarkNet ecosystem

DeFi Pool Adds ATA、MASK- Up to 32.5% APY! 2% Flash interest-raise — 200,000 GAT to Win!

Can the revival plans save USDN from another depeg?

uUSD: a USD stable token with a yield!

DigiCol 2022

[Taklimakan Blog] Blenderwallet: Anonymous, Confidential Wallet

A DIGITALIZED GOLD WITH TRANSPARENCY

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
EXNOMY X LinkerCoin

EXNOMY X LinkerCoin

EXNOMY — DECENTRALIZED FINANCE ‘ ‘ Linker Coin — Linker Coin Project will connect prospective and pre-existing coins with Linker Coin.

More from Medium

Self-Teaching and My Experience with It     Self-study is a truly enriching and enhancing…

【3/3 Daily】3 reasons why Waves price is up 140% in 8 days

dCS Bartók vs McIntosh MHA200

Are you ready to unlock METI token utilities?