I have just finished watching the radio show with Crimsonclad, Khal and Neal that aired last night. For those that haven't seen it there are many new things that were mentioned regarding what and where Leofinance could be heading.
I am ultra positive about Leo because it is the team you are really investing in as they are the ones who will guide the value of the token. We are lucky as we have got to know how the team works and have been spoilt by their developments that they have created.
Leofinance is looking at providing genuine use cases solving problems for DeFi users and one way is to create a bridge linking the various chains. These bridges would all lead through the Hive blockchain like a gateway. This is genius thinking as this is something that is definitely required.
Think of someone on Ethereum and is fed up of the gas fees and now wants their wrapped ERC20 token on Binance Smart Chain instead or another Defi chain then they could send their wrapped token to Leofinance. This would be unwrapped, converted and wrapped again into BLeo in a BSC case. For this service which sounds like a great deal the sender would be charged 0.5% of the value sent.
This doesn't sound like much, but there are billions in DeFi right now and having a gateway offering hassle free access moving between the various chains would be in high demand. This is a serious use case for Leo as the 0.5% that doesn't sound like much becomes a huge amount very quickly. Billions could quite literally flow through Hive very briefly mind you onto their destination.
1 million equates to $2500 and $2500 Cub being burned so when you start adding zero's onto the million things start going up very quickly and things change for anyone holding Leo quite significantly.
We have seen people saying when Leo $10 or Cub $50 but in reality this could be sooner than we could have ever imagined. We always say find a token with a proper use case and here we have one which would be providing a service for the DeFi world along with all it's other uses we already know.
This is going to be an interesting year for everyone involved in Leo and just wished I had loads more.
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I am thinking I will have to get a position on LEO!
Yes I think it would be advisable before things start moving. Talking about bridges and offering free development to other communities . The free development sounds like more bridges bringing people this way or their funds anyway. All fantastic news.
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It is, I am glad I got in on the cub just need to funnel some out into Leo now!
They spoke like this was happening real soon and if they do Ethereum then surely the same set up will happen on the others with the same type of programming. Will be quick I think and must be nearly completed.
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I must say they have and seen to be maintaining quite the track record. Tis impressive
Trying to understand where this is all heading. Looks like BSC was the ploy to create a bridge for Ethereum to BCS plus keep us all happy. Many more going to roll out and this is going to go nuts. The track record is impressive and why it will do well.
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BSC is definitely the starter and it is much cheaper. I suspect an and game which involves cross chain something or other with RUNE
Dude, I think there are going to be so many more reasons to have BLEO, I'm going to be ready this time to get in fast, I had to power-down some but I think having some liquid is the right thing to do until we get more details on the blanky blankity blank!
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Yeah.... it’s the Gateway drug.
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STOPTo support your work, I also upvoted your post!
Those ETH faithful are really hard to pull away. You would think they might wise up eventually, but they just must all be so rich that they don't care about the insanely high fees! What is a couple hundred bucks when you have millions!
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