I’d like to discuss the complete destruction of the LDO token. For five years, it’s only brought losses to traders and holders. The team has no interest in its development, support, etc.
On X (Twitter), CEOs of other projects are already openly mocking this.
I’m saying that if the token project paid at least some gas or did something useful, there would be no issues. But as it stands, the LDO token itself can’t be staked. All real tokens have this feature, like LINK Ethereum and other real proj
ects. This is purely a joke for the sake of it.
These protocol successes have zero effect on the token price, even over a period of years.
LDO is not a utility token; it’s not needed for the protocol to function. There’s no deflationary model like BNB or HYPE, and there are no burns.
A 10 million token buyback per year with ETH > $3,000 is also of no interest to anyone. History shows that Ethereum can remain at these levels for years, so how long will it take for these buybacks to yield any results for LDO holders? 5 years? 10 years?
And at this point, a price of $0.29 poses no threat to the project? Any whale can buy back $141 million worth of tokens by purchasing 50% of the tokens and completely halt the project’s voting operations? Isn’t the team considering this?
I ask the project team to review and comment on their inaction regarding LDO holders.
