It is a token that started being sold for 1 LEO. It is now 1.1 LEO for each LBI.
The tokens are part of a fund that looks to grow over time, increasing the value of the tokens. Since it started about 2 months ago, the value is up to 1.05 LEO per LBI token. That is an increase of about 25% annually.
Over time, as the fund gets larger, it enables investment in different things, increasing the return.
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So can we say it is related to a burnt Leo token to make the value higher?
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In theory. But there are a lot of tokens that are burnt that keep doing down in value.
Leo is going to appreciate from the activity, there is no real need to burn it.
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burning tokens is not always the solution to make a token price rise...just like you said,there are many tokens that are burnt regularly and the price did not grow....there are other ways that could make a token grow....not burning is the only way...@taskmaster4450le
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People need to focus upon growth.
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Sure, Leo will keep appreciating. I have learnt more about the LBI, and I will love to be a part of it
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wow thanks for this great information...
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