. @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of inside and outside users made investments for > 1m each.
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Ok. If 1 billion is raised that would imply that 37% of all authorized circulating USDt supply (2.7 billion) will be investing in LEO. Why would investors take the risk of converting a stable value to a floating rate for a utility token?
Why they did it? They look a bit further from just reading headlines and believe we contributed and will keep contributing incredibly to the ecosystem and open-source.
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Thanks for explaining. Good luck.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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