LB3Y

We had a presentation about this project that is still in its early stages, (pre token launch). The are claiming to be the first blockchain that allows cross-chain interaction. If you ask them How, there isnt really a good awnser to it.

They say that if you sell tokens on chain 1 you can receive tokens on chain 2. This sounds good of course but again no real explaination about How this happens, they say they dont want VC money, but did a couple of private round sales, if you ask them where the liquidity depth comes from the creator Kevin Coutinho tells his family is rich and has enough money to create this liquidity, BIG red flag there for me.

The token allocation isnt really what you would say decentralised where 55% of tokens remain in a treasury, 25% went to the team and investors, 10% to advisors and 5% public sales. The treasury is controlled by the token, so the team can vote at will because they hold the majority... Another red flag here.

Their source code isnt open-source yet so how their chain actually works is unknown at this point, this would change in August acoording to the team presenting. Show Less


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