As many of you know, the INLEO team has been integrating more chains and assets into LeoDex and INLEO.
On the INLEO side of things, we are continuously pushing the boundaries of cross-chain signups, engagement, earning and payments. Going to INLEO now will show you the first two integrations:
- Dash
- Splinterlands
These two tech stacks and campaigns are a glimpse of the future. Imagine INLEO partnering with 10 Billion Dollar+ ecosystems in the crypto space like Solana, ChainLink, ChainFlip, Arbitrum and many more for our "Join In, Earn In, Spend In" campaigns.
On the LeoDex side of things, we are adding more cross-chain trading support. This support opens up Hive to be tradable with more crypto assets on permissionless, decentralized exchange rails.
The way our Hive Aggregation V2 technology works is fascinating. I encourage everyone to go to https://leodex.io and try it.
You can already cross-chain trade HIVE with some of the largest assets in crypto:
- BTC
- ETH
- USDC
- RUNE
- CACAO
- DASH
- ARB
- ... and dozens more!
The INLEO & LeoDex integrations work hand-in-hand. In order to integrate the "Join In, Earn In, Spend In" side of INLEO, we have to first have the assets available to trade on https://leodex.io.
LeoDex Adding 300+ Cryptocurrencies to our DEX & Hive Aggregation Technology
The INLEO team has been head-down over the last 3 weeks to integrate our biggest release of LeoDex ever.
As it stands, LeoDex has Maya Protocol and Hive integrated. We are adding 3 more DEX Protocols to LeoDex simultaneously in our newest update. We're doing this through an entire backend re-write that allows us to route through all the protocols to find you the best price for your swap:
- ChainFlip
- Thorchain
- Rango
In the new update, you'll be able to trade 300+ cryptocurrencies across all 5 of these protocols.
If any of you have kept up with certain developments like swapkit, you'll know what we are doing here. Essentially, we are building our own swapkit.
This has become a cash cow for a project like Thorswap, who uses this to aggregate across all the different DEX Protocols, collect a fee and use that fee to both fund development and pay back to their token holders.
INLEO Is Bringing Capital into HIVE in a Big Way
Not only do these DEX integrations allow more people to buy Hive than ever before, it also brings in a continuous revenue flow to the Hive ecosystem.
I can be quoted frequently talking about how to build a successful economy. To build a successful economy, you MUST bring in revenue from external economies. These new integrations bring in capital to Hive in two major ways:
- HBD Settlements for LeoMerchants -> all payments for LeoMerchants settle in HBD. This means that a user can pay in DASH or SOL or BTC and the final payment is then converted into HBD and sent to the merchant. The first live merchant is https://inleo.io and you can see this working live on https://inleo.io/premium (users can buy premium using any crypto, settled in HBD)
- Affiliate Swap Revenue from Maya, Rango, Thorchain, ChainFlip -> each of these DEX protocols pay a small affiliate fee to us (usually 0.25-0.50% per swap) in the form of whatever the sent asset was from the user (i.e. BTC if it was a BTC->ETH swap). We take this fee and buy the LEO token with it and perma-pool it. Since LEO is an L2 asset on Hive, this means we actually have to buy HIVE first, then buy native LEO. This brings capital to Hive continuously as our swap volume increases. It also increases perma-pool liquidity which makes Hive Aggregation swaps more efficient
LeoDex, INLEO Partnerships and LeoMerchants | The Future
The future is now and we have already released many of these things. What we're showing here is an expansion of what we've built.
As of right now, Maya Protocol swaps are live on https://leodex. LeoMerchants is live through INLEO Premium on https://inleo.io/premium.
The first two partnerships with Dash and Splinterlands are live on https://inleo.io.
We're now getting ready to release ChainFlip, Rango and Thorchain aggregation to https://leodex.io. Once that is in place, we'll release the next major "Join INLEO, Earn XYZ" partnership integration on INLEO.
Additionally, we are now working with IRL Merchants to get them to add LeoMerchants to their point of sale systems.
I have some really exciting news on this front. Get ready to see our first external merchant partner using the LeoPoS (Point of Sale) system. This will allow them to accept any crypto for their payments with a platform fee getting paid to INLEO which we will use (like all of our revenue) to buy the LEO Token. This brings yet another form of capital inflows to the Hive blockchain.
The multi-chain future for Hive is alive. Join the revolution by joining INLEO.
ICYMI we also have a DHF Proposal live on Hive and we are 90% of the way to the funding line. If you liked what you read here and want to see us continue to push the boundaries of what is possible so that Hive can grow and thrive in the future, please support our DHF Proposal with your vote.
Posted Using INLEO
Towards the end of 2023, I wrote an article explain what I thought of as that one missing piece that HIVE need to excel in the coming bull market. I was asking to see a THORChain integration and this is something I said:
https://inleo.io/@vimukthi/the-most-important-missing-piece-for-the-2024-bull-market
Make It As Easy As Possible To Buy $HIVE and $LEO
We must make it as easy and fast as possible for people to buy our assets on a whim. Due to the way LeoDEX has been built, users don't even have to willing to contribute $LEO and $HIVE purchases. You truly have the right vision for the future of HIVE and I'm totally behind this expansion and integrations with other projects.
I wonder why LEO tokens is historical lows even when the inleo team is doing so great work and continiously take LEO out of circulation.
very cool update! Really hope the proposal passes asap.
One question: the title says CEX listings, but I seem to miss it in the article.. can you elaborate (as it would be huge news)
!lolz
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I hope the proposal gains enough support.
i really believe this project will be the game changer in hive blockchain history
!lolz
!luv
@galactic-wonders, sorry! You need more $LUV to use this command.
The minimum requirement is 10.0 LUV in your liquid wallet.
More LUV is available from Hive-Engine or Tribaldex
This is Great
Leo is developing in a wonderful way
INLEO is on steady progress
This is not just the dream of Hivians, it is the dream of all Layer 1 projects to generate revenue from external sources!
InLEO is one of the few projects that add value to the growth of the Hive ecosystem.
Hive on ✌️
InLeo is focusing on adding value to Hive. The price will follow sooner or later. The best action one can take except testing leodex is to increase one's LEO stakes.
!BBH
!PIZZA
Nice to see InLeo partner with Splinterlands. We need an InLeo promo card now 😀
!BBH
All this news is: Awesome Fracking Sauce!
Great news team!
Just one question: the title mentions CEX listings but I didn't see much about that on the post, could you tell us more about that part?
But all the rest is great news!