hasnt all been minted. they just did an 'original' sale for what they released. there's millions more. i hope they do cap it for good though
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hasnt all been minted. they just did an 'original' sale for what they released. there's millions more. i hope they do cap it for good though
there’s a hard cap of 1M
So only 900k more
The mandate is never to dilute LSTR without immediate accretion in terms of LPS to LSTR holders
So consider that even in the event of 1 new LSTR hitting the market, that 1 LSTR share will result in an increase in LPS for all LSTR shares that is greater
A good example is SURGE: if all 500,000 SURGE from the presale are converted to LSTR, that’s 10,000 LSTR added to the current 100k share count
However, how much LEO Was bought and added to LPS in exchange? If it is at least 2M, then the LPS increased by a factor of 2x but the share dilution was only 10%
Would you trade 10% dilution for a 2x gain? I would