"Everything is fine."
The token is down 99.7% from its $27 ATH. The 282M unlock cleared two days ago.
I'm a Legion seed investor. Since you're doing status updates, let me remind everyone what "fine" looked like on the way down. π§΅
Quick update on where LAB investors actually stand, since thereβs been a lot of discussion around whether early investors really got a good deal.
Early investors came in at 16.6M FDV. The public round was 25M FDV.
So far, weβve done 1 unlock out of 6. From that first unlock alone, early investors got back 100% of what they invested. Public investors got back a majority of their full investment, and there are still 5 unlocks ahead.
At current prices, the average investor is up around 4x.
Were paper gains higher at the peak? Sure. Thatβs every token in this market.
But being around 4x up, with most of your principal already back after just one unlock, is a result Iβm proud of.
$LAB is currently #2 on Echoβs leaderboard.
If our Nozomi allocation had been listed on the Legion leaderboard, LAB would be right up at the very top of that leaderboard as well.
A lot of early believers also received $1,000-$2,000+ simply for showing up early and believing in LAB.
Are we perfect? Of course not.
Can you make everyone in this market happy? Also no.
But from day one, we made a very conscious decision to take care of the people who believed in us early.
Iβm not here to debate anyone or convince people to take my side.
I just wanted to put a few thoughts out there and make sure the full picture is being considered.
Weβll keep building and let the results speak for themselves.