Did Binance Just React??

Something interesting happened over the night, it seems Binance has taken notice of what LEODEX is doing and its struck a chord, we woke up to an announcement from Binance in the early hours of the morning that stated that they’ll be offering 4% APR on locking Hive with Binance.

Is it just me or they are a tad bit too late to the party? I thought Binance never gave a hoot about Hive except for trading matters which hugely benefits them as they get to reap a ton of trading fees.

Everytime there’s a public discussion involving decentralized media blockchain protocols you’ll see Binance actively ignore mentioning Hive when they are in the position to.

Now that LEODex is up and running, with the aim to capture the trading volume from CEX’s, especially Binance, it’s funny that it’s a coincidence that this is the time Binance will do this APR thingy to keep people transacting Hive with them and this is so absurd because there are several on chain businesses offering more than 4% APR.

“Through” LEODEX not “With LeoDex” - There’s a difference

LeoDex must be doing something right lol, the interesting thing is that, LeoDex does not even hold your Hive unlike Binance, many are familiar with the story of how this factor was exploited on Binance during the Steem hostile takeover by Justin Sun and his friendly exchanges.

With LeoDex your Hive remains on Hive and is only connected to Maya through Keychain, in summary. The magic really happens inside Keychain, this is where LeoDex comes to play.

LeoDex is connected to Arbitrium through deployed Leo tokens on Arbitrium, which allows Leo to exist inside Maya Dex as Maya Dex is where you can find other L1 tokens like BTC, ETH, and others in order to facilitate transactions with these and Leo tokens and essentially Hive tokens.

So as soon as your decentralized wallet like Trust wallet is connected to Maya through keystore for example, ArbLEO is already waiting to there Facilitate transactions for LeoDex which contains Leo, Hive and soon other Hive tokens. Get it? Maybe if you use it, you’ll get it better.

Coincidence Or……?

The timing of Binance's sudden interest in offering APR on Hive deposits can hardly be viewed as coincidental. It’s a strategic move, perhaps a reactive one, aimed at retaining their user base and transaction volumes, which LEODex threatens to divert. Their previous lack of interest in Hive's broader applications now seems like a missed opportunity on their part.

Interestingly, the dynamics within the crypto trading and decentralized finance spaces are ever-changing and Binance's latest move might just be the catalyst LeoDex needed to boost its visibility and assert its value proposition in the market even more strongly.

While Binance plays catch-up, LeoDex continues to innovate, emphasizing user autonomy and the integration of multiple layers and tokens seamlessly.

This development raises important questions about the future trajectory of decentralized platforms versus centralized exchanges. Will users prefer the security and control offered by platforms like LeoDex, or will the familiarity and perceived stability of giants like Binance hold more allure?

It seems clear that the decentralized models provide a foundation for more transparent and user-driven ecosystems, which could increasingly sway public opinion and user preference towards platforms where they have direct control over their assets.

Either ways!

Either way, the competition is sure to drive further innovation, offering more choices and perhaps better services across the board. As part of this community, it's an exciting time to be involved, observing these shifts and maybe even influencing them with our engagement and choices.