RE: BRO, LGN & CINE - The Fraud of Raymond Baxter
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When Raymond started the whole embers of flame thing I decided I didn’t want to be part of the BRO community anymore.
Mostly because I’m here on Hive for the investment community.
I had before sold my LGN as I didn’t see much return.
I then sold my BRO a month or so before everything went crazy and got back on Inleo and invested in @leostrategy tokens like LSTR and SURGE.
I’ve also sold all my DBOND and DAB and am now a holder of SURGE, TNVDA and TTSLA. Just plain economics with an interesting yield based system. There’s risk, but things are looking good currently.
And that’s a thing that has happened a lot of times for me. From when proofofbrain started, when Leo hyped, when cryptobrewmaster, risingstar and splinterlands were really profitable. With all I got out before things went down and before that I made good profit.
Nothing lasts forever, like CUB finance on Binance chain and Polygon.
Don’t be greedy, take profit when things are going up, diversify and leave when things feel weird.
This sound like some solid advise.
I also hold some of the leostrategy tokens, but it's very tiny amounts I have. In case there's a new token launch before long, I'll probably be leaving that, it would seem too unsustainable to me if it were to happen.
What's the reason behind selling DAB and DBOND? I hold small amounts in those too, and am interested in your reasoning to see if I should be following your lead.
You should study what microstrategy does with Bitcoin products as that is exactly what @leostrategy does with Leo.
Each product they launch is backed by the Leo tokens they buy with the income from selling the new tokens.
They are constantly buying more from arbitrating all these pools on hive and base.
There are only 29,5 million Leo tokens and leostrategy already has 4 million of them. Which are then staked as sLeo and gives them a big share of the Leodex swap fees in USDC.
Do notice also that they are quite careful in the batch size of these tokens. It’s not like they try to get millions per new RWA token.
I sold dab and dbond, because the yield was a bit low for my liking and the attachment to the hive price means it goes down over time.
I know, and their strategy is quite good. Thr unsustainable part IMO, is launching too many tokens in a short period of times to the same fairly small user base.
Good point with the DAB tree. I have about 125 DAB and get about 0.11 HIVE daily. No clue with the APR is on that, it could probably be better served elsewhere
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.
!BBH
!PIZZA
!ALIVE
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.