RE: BRO, LGN & CINE - The Fraud of Raymond Baxter

5 days ago

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My problem with LEO is they have a history of shuttering projects as they become insolvent and then move on to the next idea.

I bought some LBI to get some small exposure to LEO, but I won't go further than that.

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@invest4free 65

5 days ago (Edited)

True, but this time it is not the inleo team, but a group of big Leo holders.

Obviously khal is involved and he knows how to hype a project.

This time though I can see the economics of the project working, whereas before it was dependent on getting others from outside the community to do something.

If a big whale were to dump all their TTSLA tokens, then leostrategy would still have all that Leo locked up, so they would still get the USDC share of the swap fees and they would still be arbitraging the price.

And I’ve lost money on the previous projects, so I know the risk.

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