It is good to bring in some FIAT money to HIVE.
This is what helps with the value of LEO, the ad revenue used to buy/burn tokens.
I wonder what the legal issues with this are. In the US at least the SEC would be all over this type of offering.
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When you look at it, it is not much of an impact. Only a very small amount of Leo is ending up being burned compared to the inflation.
I am sure the SEC wouldnt like it but it is too small for them to mess with. The SEC like all agencies need to justify their time. They can get a big check out of Ripple or Block.One, not so much here.
Besides is it even in the United States. The one behind it is not.
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