{"id":564639,"date":"2020-11-18T15:47:47","date_gmt":"2020-11-18T12:47:47","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564639"},"modified":"2020-11-18T20:15:06","modified_gmt":"2020-11-18T17:15:06","slug":"chainlink-will-eventually-be-classified-as-a-security-zeus-capital","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/chainlink-will-eventually-be-classified-as-a-security-zeus-capital\/","title":{"rendered":"ChainLink Will Eventually Be Classified as a Security – Zeus Capital"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The team at Zeus Capital has ramped up their accusations against ChainLink (LINK)<\/a>. The team recently compared<\/a> ChainLink to the SALT project that was penalized by the SEC for carrying out an unregistered securities offering. In particular, they pointed out that the ChainLink founders, just like SALT’s, promised investors that the price of LINK<\/a> would go ‘vertical’.<\/p>\n The SEC said the token counted as security because Salt told investors that it would take various steps to increase the price of the tokens and that those tokens could be sold at a profit on a secondary market.<\/p>\n Sergey Nazarov often talks about the <\/span>$LINK<\/span> value going “vertical” if the universe of blockchains that deploy it to get real-world adoption. Isn’t this the same as misleading investors that it would take various steps to increase the token\u2019s price?<\/span><\/p><\/blockquote>\n The team at Zeus Capital has predicted that ChainLink will eventually be classified as a security based on the founders’ statements that the price of LINK would experience ‘vertical’ movement.<\/p>\n The founders’ statements about expected “vertical” price action and SmartContract’s full control over the “decentralized” Chainlink ecosystem puts substantial risk that <\/span>$LINK<\/span> will eventually be classified as a security.<\/span><\/p><\/blockquote>\n Zeus Capital classifying LINK as a security comes a week after they offered $100k<\/a> in rewards for information on ChainLink’s ‘manipulative and illicit practices’. Zeus Capital claims to have already awarded $22,760 to those who have provided ‘insightful information on ChainLink’s questionable affairs.’<\/p>\n Below is a tweet from Zeus Capital updating the crypto community on the progress of the rewards program.<\/p>\n We would like to thank all participants, who have reached us with insightful information on @chainlink<\/a>'s questionable affairs. $22,760 of the reward pool is already paid out, $77,240 awaiting new contributors. Join us here: https:\/\/t.co\/dKl7fhA9Kl<\/a> pic.twitter.com\/n7gJQiSWF2<\/a><\/p>\n — Zeus Capital (@ZeusCapitalLLP) November 18, 2020<\/a><\/p><\/blockquote>\n\n
ChainLink Will Eventually Be Classified as a Security<\/h2>\n
$22k Already Awarded to Individuals Providing Info on ChainLink’s ‘Illicit Activities’<\/h2>\n
\n