Felipe
@PhilCrypto77
RT
@boldleonidas: So Logan Paul’s Liquid Marketplace allowed him to sell you % ownership of his assets. If the asset increases in value, he can just buy them back at the original price without your consent as per the terms and conditions. If the asset decreases in value, he won’t buy back the shares at all. So investors had a 0% chance of upside as if there was any profit he’s allowed to just capture it all. Essentially he set up a company to just borrow against his assets at 0% interest with buyers acting as the bank.
@boldleonidas: So Logan Paul’s Liquid Marketplace allowed him to sell you % ownership of his assets. If the asset increases in value, he can just buy them back at the original price without your consent as per the terms and conditions. If the asset decreases in value, he won’t buy back the shares at all. So investors had a 0% chance of upside as if there was any profit he’s allowed to just capture it all. Essentially he set up a company to just borrow against his assets at 0% interest with buyers acting as the bank.
@boldleonidas
So Logan Paul’s Liquid Marketplace allowed him to sell you % ownership of his assets.
If the asset increases in value, he can just buy them back at the original price without your consent as per the terms and conditions.
If the asset decreases in value, he won’t buy back the shares at all.
So investors had a 0% chance of upside as if there was any profit he’s allowed to just capture it all.
Essentially he set up a company to just borrow against his assets at 0% interest with buyers acting as the bank.