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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
(edited)
I'm also the #1 holder of all the tokens and have purchased more than everyone in the presales on a combined basis
- Own all the supply
- Dump it
- Leostrategy rebuys them to recover prixe
- Inflation/yield returns
- Repeat
Nice plan for free money, now Leostrategy doesn't/can't buy Leo as promised, instead pays you constantly a nice income for all these shitty tokens.
But yeah I am a fudster. Me and everyone else in the comments 😅
0.02935926 BEE
Essentially people have gambled on a niche market, financial product, where the rules can be changed at will with no recourse for the holders.
Most of the woes could have been avoided by using some form of governance for LSTR. Instead there is a highly centralized product delivered via Hive infrastructure.