Wait, $Leo token is really going to $1? Yeah I know we used to say it, many times jokingly, like we say Bitcoin to 1 million and all those type of stuff, but you’re telling me that $Leo token is really going to $1?
That’s so cool. How would we do it?
Leodex; game changer
This ability to use $Leo to facilitate trades between Layer 1 tokens and Hive based tokens is mind blowing, I’ve tried to envision it for so long, but I just couldn’t get the clear picture of the implication, as long as people exchange tokens through Leodex, fees are being acquired to buy back Leo from the market.
Incentivize usage - It works all the time
So why should anyone care about trading on Leodex? besides the fact that people will get to earn swap fees for providing liquidity, there is an ongoing airdrop activity to use the Dex, after a certain point, snapshot of all users will be taken and rewarded with an airdrop in Leo, this is to incentivize using the dex and it’ll be based on swap volumes.
Already this is what is going on, I guess the platform is still being worked on else this number should be much higher by now. Many people have complained about not being able to freely move in and out of hive due to exchange restrictions and all, now let’s see those people use it and better still, support it by providing liquidity.
I’ll buy cacao, you’ll buy cacao, we will all buy cacao
I’m definitely going to trade there, especially buy CACAO which is something I’ve wanted to do for a long time. I’m not even doing it for the airdrop but it’ll def be nice to get that too in return. The price of Leo has really picked up steam based on this news alone in the past few days.
Pay Attention
Now it remains for that hype to be solidified, imagine if half of the swap volume from CEX’s involving Hive go through Leodex, that’s a game changer, the amount of fees generated buying back Leo every month and using the Leo bought as permanent liquidity. The thought is crazy.
All of Hive
Soon enough, HBD will follow, SPS, DEC and perhaps even PNS, it’s how seamless it’ll be for me. Each new addition broadens the use-case and appeal of Leodex, potentially attracting a more diverse range of traders and investors.
Furthermore, consider the broader impact on the Hive ecosystem. As more users flock to Leodex for its convenience and benefits, the overall visibility and credibility of Hive tokens increase. This, in turn, could lead to higher demand and possibly higher valuations across the board.
The positioning
Beyond trading, think about the community engagement this could foster. Regular updates, governance decisions, and community-led initiatives could become more prominent, driven by an increasingly active user base. The involvement doesn't stop at trading, it extends to shaping the future of the platform.
Now, let's talk about sustainability. With the buyback and liquidity provision model, Leodex isn't just another flash in the pan. It's building a foundation for long-term stability and growth. This model ensures that while traders enjoy low fees and high liquidity, the underlying financial mechanics work to continuously reinforce the token's value and utility.
This positioning goes beyond bull market because even in bear markets, people still swap tokens so as long as tokens are still swapped, there will always be fees generated to buy back Leo tokens. I think this is the closed Leofinance has ever come to actually making it.
Lastly; Push and Shove
Now let the airdrop be announced and publicized to Arbitrium, Maya and Hive users and watch people push and shove to get Leo tokens whose supply is already so thin. What a time to be a Leo token holder. Man, in my opinion, $Leo token will get to $1 fast, $10 is price discovery.
What do you think is the future of Leo?
Posted Using InLeo Alpha
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I did try to connect my Metamask wallet with leodex.io, but it didn´t work. And Xdefi "not implemented" yet. 🙁
Did it work for you?
Go into keychain. Enter leodex.io. Then connect your keystore and you’re good to go.
Inside hive keychain, if you need gas, you’ll see the ⛽️ gas icon. Click it to convert Leo into gas.
I don´t use keystore, just Metamask and Xdefi. Is it a requirement to have the Keystore wallet?
Oh, I think he did mentioned Xdefi coming onboard, maybe later. But it’s keystore that works now.
And not metamask? Why they start with the least used wallet is beyond my understanding 🙁
Is keystore the least used? I only used xdefi once when I had a laptop, I don’t think xdefi works on mobile, keystore is very easy, all you need is download that txt file and always have it, use it sign into your wallet and get going.
So far everybody here is posting how great this is, but none about their own experience of depositing, providing liquidity, swapping, etc. I would like to know how much the fees add up to during such a multi-step swap from Hive to Bitcoin or vice versa.
LEO is making a really nice progression for months now.
I am sure the prices will stay on the uptrend for the coming weeks
No financial advices
Keep safe
Peace