Leostrategy: Anatomy of a Calculated Rug Pulls

Leostrategy Dealt with Us Dirty

I have been away from the inleo community for a while now and completely forgotten about anything crypto, but today I decided to check in the community and the platform to see what has changed since I last visited and I was shocked about all the posts from people talking about how Leostrategy has rug pulled the community and left investors reeling with losses.

Honestly, I felt so heartbroken about the situation because I strongly believe in the project and was one of the people who vehemently promoted it on my posts on the hive platform during their presales. I even encouraged some of my friends who are not even onchain to invest in the project through me. That was how much I believe in the project and the potential I saw in it.

Now, I feel the whole thing about Leostrategy was a well calculated scam from the beginning that nobody thought about simply because the inleo team got involved and sold the project to the community. The involvement of inleo team made everyone feels secured and confident in investing in the project, but it turned out to be a calculated plan to deceive people. What is most annoying is that, this is a project involving up to 5 different tokens that people invested in, and not a single of those tokens is worth anything now.

Before this time, which was about 3 months ago, they started changing the narrative and slacking on their promises and commitment to the project road map without any clear explanation. Yields and dividend payout were stopped under the guise of price stabilization and market condition but nothing came out of that excuse. Tokens Prices continue to tank while the team remain silent and unresponsive to the community questions.

They were blaming the price decline on the HIVE market whereas they were actively selling their own tokens on the market with different anon wallets. People were still hopeful that things would turn around especially with LSTR token since it's supposed to be the main governance token but that hope has died. All the investors who were waiting for the token price to reach $50 so that they can exchange their SURGE for it has been disappointed. The token has been rugged and dumped near zero. All the LEO tokens backing the Leostrategy's various products has been sold off leaving investors with worthless tokens.

At this point, I think the inleo team should be held accountable because they were the ones who vouched for the project and made everyone trust the project. They cannot claim not to know the people behind Leostrategy because without inleo nobody would have trusted or invested in the project.

One thing this incidence has taught everyone is that any crypto token project whose founder are not known on the hive platform should never be trusted no matter how promising they may appear. This is a painful lesson learned, and I feel sorry for all the investors who invested heavily in Leostrategy and now had nothing in return.