so the LSTR token launched today.
khal is supporting it
I was thinking about it but it is a L2 token on Hive Engine, backed by a project that is not putting its own capital into the project.
They are trying to raise $1million to buy Leo with money from the community.
I am not even questioning the need for a leveraged product. Just no capital investment and choice to not build a true smart contract to manage the fund.
But do what you want.
I will continue to encourage everyone to buy Leo everyday.
We highly encourage that you keep doing this
Our mandate is simply to bring a leverage product to $LEO which we have seen a greater need for. We believe LEO will surpass a $250M valuation in the coming 5 years
Whether you own LSTR or not, the fund will build value for LEO by purchasing a large stake with raised capital. It will also add value by using that stake for material good on the platform (curating people who add value).
Our wallet and blockchain activities with voting are easy to audit. We are fully transparent in this way
Will the dollar even exist in 5 years? 😂
Yes