RE: Wrapped LEO: Important Updates

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There are a couple of leo tokens circulating out there. What's your plan to deal with this? People will be confused.

Posted Using LeoFinance



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(Edited)

Noticed that as well. It's possible it could work out to our LEO's gain... :)

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or people start buying and trading wrong coins.

Posted Using LeoFinance

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Yep, which was exactly my point... people could mistake little ol LEO for the big bad LEO.

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I thought that too since the LEO on CMC first page seems solid. Overall though, if driving traffic to LeoFinance is an objective then that's a problem if people instead go chasing that other project.

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True, but at this point it's more likely that people mistake the large LEO project for ours, which could turn out to be a good thing in the short term. Though I do agree that it will be an issue in the future and I am not sure how they get around that outside of changing the name of the token.

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What bothers me is that I asked this question for the second time and got no answer from the Leo team.

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Yea I mean it's going to be an issue long term for the token, but they can't really rename it at this point... or can they?! I remember noticing that immediately after LEO token launched... there was already a top 30 coin named LEO.

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(Edited)

Having more tokens with the LEO name is not an issue for a dex like Uniswap. You will need to be carefull with the token contract adress. That is the real id for a token on eth dex.

It might be an issue for a centralized exchange like binance, bittrex, etc. I guess will see how that will go when the time comes. Maybe the wleo simbol, or something else. Tagging @khaleelkazi for better answer :)

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(Edited)

I'll be fine. No worries.
But it'll be confusing for the masses if there will be any.
I asked this question a couple of times. No answer. Strange.

Posted Using LeoFinance

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