I agree that CUB and the Project Blank will be huge for LEO and it will definitely boon. The only issue I have is I want at least a few sentences stating the current progress. I am patient enough to wait because I know a refined product is required if we want to onboard and retain the new users. But keeping us as part of the loop would be nice.
As for the LEO-Bridge, I know that it connects ETH and BSC but I am worried about the fees on the ETH side. It is true that if the conversion is the cheapest that we can get many new users wanting the cheap rates. I think the fees will still be a killer for small amounts so only people transferring a decent amount of tokens for it to be worthwhile.
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Welp, considering the only option for those people is to do their transactions on the ETH side for huge fees or just sit on their tokens, I don't see what the concern is. They either stay where they are and pay huge fees or they find a way over to BSC and pay much less. The easiest way to get to BSC will be one-click on the LeoBridge. The easiest way back will be one-click on the LeoBridge.
You also have to remember that many of the transactions taking place on ETH are either large transactions involving ETH or ERC-20 tokens, or they are profits moving into and out of alts that have gone 2x, 3x, 10x, whatever. I've had more than a handful of those over the last couple months and as much as it sucks, the fees are not a huge consideration for when I need to move and where. They're just the cost of doing business unfortunately. Once the LeoBridge is operational, I fully plan on moving a few of the ones I have left over.
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Yea I guess it will give people a way out of ETH. If you are earning profit then the fees aren't that bad. I guess there could also some people who take advantage of arbitrage to send coins from BSC to ETH to earn money as well.
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You summed it up.
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