Yea but I think it ends up being harder for people to track the number of stocks they have as well. For all we know, Binance might of bought printed a bunch of the tokens but not bought the underlying stock.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
This is true which would have caused them issues. They probably just pegged it so there was nothing to protect investors.
I mean smart move on their end, anyone could do it. I could say to you - that stock is worth $5 don't buy from them come to me and I will give you this piece of paper to say you own that stock but from me.
Now I never have the stock and I become reliant on others buying in. Also drawing on other income to supplement the people that increase in false value. But that never really happens. Usually we lose lol
Posted Using LeoFinance Beta