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

in LeoFinance •  last month 

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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the wise man's advice is correct

Yep, never dismiss a wise man’s advice!

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

same here

Posted Using LeoFinance

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

That last sentence says it all ;-)

Posted Using LeoFinance

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.