Why I won't go with the WLeo investment...

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WrappedLeo

When I read it, I have no clue what it is, and after reading some posts about it, I am even more confused. As far as I understand it, it is a token on the Ethereum chain where you have to lock up an amount of Leo and for that also have to buy the same value in Ethereum.

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I really don't get it, I don't get the process, and even more, I don't get the reason, why I should do it. Some people may find it obvious, and that is their good right. But a wise man once told me, don't get involved with things you don't understand. And that is probably very good advice.

Good luck for the investors, but I will stick with just Leo!

Sincerely,

Pele23



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6 comments
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the wise man's advice is correct

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Yep, never dismiss a wise man’s advice!

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But a wise man once told me, don't get involved with things you don't understand.

same here

Posted Using LeoFinance

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It's definitely smart to stick with what you know. If you're interested in reading more about it just to see what's going on:

We posted this https://beta.leofinance.io/hive-167922/@leofinance/crypto-kitties-2-0-breaks-eth-or-we-ve-pushed-back-the-wleo-launch-date today.

It outlines one of the benefits to being an early liquidity provider to the wLEO-ETH liquidity pool on Uniswap. :)

Posted Using LeoFinance Beta

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(Edited)

Its an interesting topic. I think the main purposes of wrapping a token is to create the potential for more liquidity on more markets (especially Uniswap market which is 100% decentral) and create a way to easily swap between the token and other tokens/assets.

That being said, then I don't like how LEO is using banners on their site and have a large number of unissued tokens therefore I largely I think the product is overvalued currently, but on the other hand, the market has spoken and the price is what it is. I am clearly also biased towards LASSECASH, where we have no banners and try to keep things as clean as possible.

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