Stay away from LID

Thanks for your reply.

You wrote a lot but seems like you only had a few points: - you don’t like anon teams - you didn’t like that they didn’t give you one-on-one treatment when their staking website went down - a large portion of their tech is using other services

To each their own. Lid has had some struggles (ie with the first presale and with their staking website), but last night’s presale went incredibly smooth and sold out 4K ETH in 7 min.

And if we discount LID’s equity lock technology (which got them a cool $80k in licensing fees last night alone), their staker incentives which allow early presale will alone garner support/staking of LID.

Most people’s concern with LID (aside from the initial hiccups) is that some arguably sketchy projects use the LID Certified presale. The thing is, LID prevents rug pulls - that’s it. For some reason, some people assume that LID is saying “this project is safe AND is a good investment.” That’s not the case. There are plenty of other scams that can be used other than rug pull. And there are plenty of projects that are just plain bad ideas. LID is not in the business of vetting projects, so whatever happened to MYX, so whatever happens to DEXTRUST, as long as it’s not a rug pull, then it’s a win for LID

/r/CryptoMoonShots Thread