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RE: Wrapped LEO White Paper: Investigative Report, LP Refunds and WLEO Relaunch

in LeoFinance4 years ago

Aloha
That was a long, but fascinating read, filled with a wealth of information. The Leofinance project continues to impress all with eyes and I admire your loyalty to your Community and I agree that the decision to make the LP investors whole was the best one in this situation. I am a LP investor and it's a risky position to be in, plus without the incentive rewards I wondered if holding Leo was more viable. Then the hack and it's crystal clear that being a LP investor isseriously risky, but essential for the future of the token and community. I can't stress how important being made whole is to the liquidity providers and how important this project is to the community. The opportunity to tie our token value to the value of Ethereum is priceless.

Reaching beyond Hive is essential. Hive has wonderful technology and community, but it's still a very small and unknown token in the crypto universe. A second layer token would be forever be limited by the success of the first layer token without such efforts and although risky, these moves are essential to the growth of the token price and growth of the community. It's marvelous that someone wrapped hive and showed the way.

As an investor in other LP I can say first hand the risks are there, the losses are there, but not all LP have the huge backing and commitment of this community. This community and token are gems, truly diamonds in the rough.

My respect and admiration goes out to all involved.

Posted Using LeoFinance Beta