lit bag holders made a new thread to avoid the reality that richard just sold lition out and ruined all value for the lit token. check previous threads, all the proof is there. lit token not needed anymore.
Nolan Myers
>100% of the value of TOMO acquired usecases will remain in LIT tokens, if TOMO ever sees success it will only tangibly affect LIT holders.
The only way this is bad for LIT is that if TOMO eventually makes their own layer2, making LIT obsolete, but if that happens we'll see a merge of the coins where holders get airdropped TOMO.
to draw a proper analogy, we own every table inside the casino and profit off every gambler, they only own the building and brand.
Ian Jenkins
>Also richard telling us to look for "hints" on their new site where they've 180° shifted focus onto Bank transactions, made me personally relatively sure that the reason TOMO even agreed to it (make no mistake, this is a terrible deal for them on the outside), was that TOMO needed LIT's GDPR to lock in a partnership with a regulated bank.
Leo Moore
However this doesn't guarantee an increase in price. What it does guarantee is an increase in staking rewards, which should by all accounts increase the price (or stakers would profit massively).
The crypto market is irrational and they might see the whole thing as "Buyout Bad - Coin Dead" and LIT ends up crabbing.
Andrew Bailey
tomo is making their own layer 2, making LIT obsolete. richard is telling you to look for "hints". these hints are him selling you out and to cut your losses now. just like he did.
Carter Bennett
The other one reached 300+, SOP for any general there, noLITer
Liam Williams
Nobody even knows about LIT yet though. Tomo has every reason now to start pushing it hard with marketing. This can only be bullish.
Connor Carter
No they're not. You clearly haven't even read the article. They bought LIT mainly for their layer2 and plan on using in the foreseeable future.
Jose Rivera
don't ask me how i know but tomo will be coming out with new layer two soon based of lition tech. lit token will become useless and they plan on doing very little to help lit token holders.
Owen Allen
Then why did Tomo buy Lition?
Parker Bell
Yup. I accepted that as part of the risk when I bought. Staking This flies in the face of logic. It sounds like you've been hit very hard recently in the head.
Juan Lopez
>Yes sirs insider here
Trevor, I hope your whoremother gets railed by a pack of niggers with AIDS that have their dicks on fire while railing her.
Adam Mitchell
That 100% won't happen. You clearly just sold and is just posting what you want to happen. As I said earlier, if you were just holding (not staking), selling might be a good thing (I personally don't think so myself though). Buyouts are an iffy thing in crypto and there's no guarantee the market will be rational and understand the significance of this move.
Jordan James
>and there's no guarantee the market will be rational and understand the significance of this move. That is the truth of it. Such high risk here. I can see why it would work, but no guarantee, and right now the momentum is diminished. I have decided to die on this small-cap hill. I got my LINK, BTC, ETH, and secret moon bag in case this doesn't work out. Would still hurt.
Fuck, I hate that there is only good news if you read between the lines. I wanted this to be a slam dunk. But this LITION and that's not how LITION do.
Jace Torres
all i hear is a bunch of cope from bag holders who just got betrayed.
Landon Martinez
Can you explain your point of view? Why would TOMO buy LIT, then proceed to not use the product they bought, and then destroy the price of the coin (which they personally own a lot of). TOMO has LIT's best intentions in mind, if only from a business perspective.
Joseph Morgan
It's not going to be the same without Richard leading Lition from the front lines. We've lost our identity. It's kind of like if your parents giving you for adoption to a much richer family and saying that they will look after you. I guess it's good but it doesn't feel like it. I wanted Richard to take us all the way.
Jace Cooper
That actually looks right, NGL.
Josiah Parker
why would it sell out, why not just a partnership? this project had so much potential and it just got acquired by tomochain. literally tomochain. you can't make up how bad this looks.
Jordan Clark
Oh my God, user, you nailed it. Not kidding. That is exactly what it feels like.
Henry Adams
To get access to the superior german tech
Josiah Cox
From telegram: >Lition is part of an ecosystem that is potentially the best enterprise solution available in many aspects. The potential for adoption just went many fold in an extremely nascent market. Tomo market cap is now TOMO+LIT. They definitely own ecosystem and team LIT tokens except the part of deal the current team got in LIT to ensure they have skin in the game. Prudent thinking says that even if they decide to discontinue LIT, they will have to provide equivalent TOMO in exchange or get dragged in European courts. Regulators are no longer completely blind to blockchain ecosystem.
Jason Allen
Richard explained that. Will repeating hear help convince you? The things they want to tackle require a full merger, not just another partnership. They have big, banking goals and a their real-world business is still generating income. I'm in control of my emotions and able to read, so I'm okay. I'm also still in profit, so maybe that will change.
Nathan Collins
Because TOMO wanted to use LIT's layer 2 chain for their usecases, and they also needed the GDPR.
I repeat again, why would TOMO destroy and not use something they paid A LOT of money for?
Matthew Watson
Somebody in the last thread was adamant that the exchange listing with a -FIAT ON RAMP- will be USDT pair on tomodex. If that's the current state of fud then I'm bullish
Dominic Rogers
*here Fuck
Landon Perez
"B-B-BUT SIRS! TOMO = YELLOW MAN! YELLOW MAN = ALWAYS CHINKY CHINKY! ITS OVER GREATEST SIRS. BUYING THE STATERA TOKEN COIN NOW SIRS"
the cope in these threads will be unreal when lit goes sub .10
Cooper Bell
>the cope in these threads will be unreal when lit goes sub .10 Don't we all know it, user?
Samuel Nguyen
Also everyone saying Tomo D E X is their announced C E X should remove themselves from the genepool.
especially this nigger right here cope hahaha cope cope cope hahahahaha cope cope cope cope cope. Nigga bring some arguments on the table or fuck off.
>inb4 lol cringe cope seethe dilate
Jose Myers
That's what it feels like to me too. But I'm in crypto for the money, not the feels NI HAO, WEALTHY CHINAMAN
Jace Anderson
> But I'm in crypto for the money, not the feels >NI HAO, WEALTHY CHINAMAN Yep. It only makes sense to bow to Asia. This could be the smartest move this Aryan has ever made.
