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RE: Providing Metamask Users An Easy Option To Cash Out Directly Into ETH May Not Bode Well For The Price Of LEO

in LeoFinance • 5 years ago

I will disagree simply because of the amount of tokens distributed on a daily basis. Even if 90% of them are sold for ETH, you are talking about 4,500 tokens.

Plus, it will be hard for them to get that much of the new token distribution since half the post payouts go to curators, who have the stake. We know that, in the early stages, the growth of the smaller accounts takes time.

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5 years ago in LeoFinance by
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     5 years ago  

    4,500 tokens in what time frame? A week?

    It's the liquid token holders who determine the price.

    But your points regarding curators and most new accounts being small are fair ones.

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     5 years ago  

    I believe there are roughly 5,000 LEO pushed out a day, hence the 90%.

    Even on H-E, there were over 10,000 LEO sold in the last 24 hours.

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