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RE: LeoThread 2024-01-17 15:20

in #leofinance9 months ago

What task said in his reply here

Also: Premium doesn't just "go into it"

It buys the $LEO off the market. That's built-in buying pressure each month that is buying liquid LEOs and then locking them in an LP forever. If you know how an AMM works, then you'll know those LEOs are technically for sale, but they're not all for sale at market price. There's a graph of how those are for sale on an infinite price increase

So LEO is effectively being removed from the circulating supply and placed into order books. If the price reaches an astronomical level, they slowly are unlocked on the way up (AMM model)

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It's nice explanation, I know what AMM is and how it works. Do you buy LEO from Hive chain as well or only that is on Polygon and BSC chains?

Thanks bro.