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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 358 KB, 2048x1249, LCX-Team-Nov-2022-2048x1249.jpg [View same] [iqdb] [saucenao] [google]
53802579 No.53802579 [Reply] [Original]

https://www.lcx.com/EURt7/
I was looking at LCXs recent bond offering and noticed that if they don't raise the money they are bankrupt. Can they convince their investors to buy a bond that pays 7% interest but you need to hold Euros for 7 years?

That implies one of two things
1. LCX think their bonds will outperform all of crypto by offering 7% YoY gains or in other words that BTC at it's current price of 24.5k will be worth 39k or less by 2030 when the bonds mature. This assumes the annual interest will be converted to BTC.
2. LCX think their bonds will under perform all of crypto and are hoping their holders buy them anyway because they are simps who exist only to provide liquidity.

>LCX has no on ramps except Euro. A five year old exchange and you can't use the global reserve currency (ticker: USD)
>LCX have according to their published books never made a profit except when they openly dumped into the Coinbase listing of their token, they are currently 17 million in the red.
>LCX has no liquidity even on BTC, you can't buy more than a few hundred dollars without crashing the price of fucking BTC
>All of their support and devs are Indian
>The Telegram Ambassadors (jannies) who work for free were invited to pay for their own hotels and flights to watch the CEO give a powerpoint presentation and if they are prepared to do that it is fair to assume that they are responsible for all the shill posts here.

>> No.53802693

its over

>> No.53802809

Metro thread that has been up for 15 hours gets removed the second the lcx guy posts, I wonder who is a janny here

>> No.53802984

>>53802579
It's 6%, there's a 1% fee.

>> No.53804330

It's over

>> No.53804624

>>53802579
i claim the poojeeta front row to the right.

>> No.53804983
File: 240 KB, 1080x1080, lcx bugs.jpg [View same] [iqdb] [saucenao] [google]
53804983

>>53802579
>fair to assume that they are responsible for all the shill posts here
Sure thing. None of us are actual investors in a regulated exchange coming off of the FTX collapse.