RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
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I can't see which account is making the purchase or where the funds are coming from. I also can't see where the supposedly purchased tokens are going. So far, I haven't seen any change in the tokens' value.
I think this will have the opposite effect, and the tokens will plummet. The price will tend toward zero, or the liquidity will reach zero.
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I have not looked for the transactions, but they need to be made transparent to calm distrust. Frankly the yield needs to be turned back on to engender trust
If the "re-pegging is successful in bringing the price back up, then all of the people who didn't understand what the token was(and possibly some who did) are just going to sell (putting downward pressure back on the price).
If the price comes back down again, will Leostrategy "re-peg" again? Because I think that is quite possible.
Just give me the yield that was promised. Not all of the people who are mad that the price went down. Raising the price of the token is not "giving ME the yield"! I have to sell to realize that "yield" and will be competing with everyone else to sell and get it.