B-Leo is coming to Binance Smart Chain 🗣
Great News!
@leofinance made this announcement in a recent post, link below.
As I understand it; @khaleelkazi and his development team have completed a Smart Contract to wrap the Hive token Leo into a Binance token B-Leo. This will allow the creation of a Liquidity Pool “B-Leo and Binance Coin BNB”, on the Binance Smart Chain platform called PanCake. The purpose as I understand it is multifold.
First, it creates a bridge from our second layer Hive token to another DeFi ecosystem on Binance Smart Chain, so another group of non-Hive investors learn about Leofinance.
Second, it creates another portal of entry for people who Blog or V-log to want to enter Leofinance and Hive, so they can earn Leo, wrap it to B-Leo and trade B-Leo for BNB, or they may decide to stack/hodl B-Leo as a rapidly appreciating investment. Leo’s token price below one dollar will be very attractive to Prospective BNB investors as that token is trading at 300 dollars plus a piece.
Third, it creates another investment opportunity for Leo token holders on Binance Smart Chain, where transaction fees are 1/100th that of similar transactions on the Ethereum blockchain.
Fourth, it means potentially another exchange listing, as B-Leo may subsequently be listed on Coin Geko, or other cryptocurrency exchanges.
Fifth, it links Leo to yet another mooning token, in this case Binance Token BNB. This is good for our token price. I expect this link to help raise the Leo price just the link to Ethereum did with WLEO.
Remember when @khaleelkazi and the Leofinance Development team created W-Leo? The purpose was to reach out beyond the Hive ecosystem, and tie our token to Ethereum, plus give our community cryptocurrency token some exposure to investors outside the Hive ecosystem. That move was very successful and the token price has more then quadrupled in price after that strategy was completed and W-Leo created as a wrapped token on the Ethereum blockchain.
Good News Update here.
and this isn’t all that was covered in the post, you can read more here: post.
Other great projects are on the way.
It’s an amazing time to be a member of Leofinance and the Hive Blockchain!
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Leofinance Vision for 2021 by @khaleelkazi the creator of Leofinance Here
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Learn more about Hive Here.
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Nice Pictures Below about Hive
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Posted Using LeoFinance Beta
Absolutely fantastic news! Well done team.
Agreed!
It’s amazing to be here, my only regret is not buying more Leo a year ago 😂
Posted Using LeoFinance Beta
17,000 leo! Is that 1.7 whole Leo on one upvote?
Also, don't forget the Project Blank air drop. I too wish I bought more at 30c doesn't matter the price I'm always going to wish I bought more.
I should have powered down my Hive for more Leo:(
Posted Using LeoFinance Beta
Yes I would like to power down for Project Blank Token, but want maximum staked until it does!
Thank you for your comment!
Please Tweet the Link: https://leofinance.io/@shortsegments/b-leo-is-coming-leofinance-reaches-out-to-another-defi-exchange
Posted Using LeoFinance Beta
Yes that's my plan also, I probably won't unstake too quickly as I'd like to see the roll out and how things pan out. But it is a great idea to wait for the air drops.
Also with bleo being launched there are good things coming to the blockchain in the near future.
I have been reluctant to join the liquidity pool on etheremum due to the high transaction cost. However, with bLeo there is a high chance I will partake in the LP. Amazing times for the Leo community
Posted Using LeoFinance Beta
I share your reluctance about Uniswap, but I am encouraged by lower fees on BSC and the prospect of using Leo is also attractive to reduce my costs.
Posted Using LeoFinance Beta
It was needed. This will benefit small leo investors and users.
Posted Using LeoFinance Beta
Agreed. If you use the Leo you earn it cuts your capitol costs in half and the lower fees are the cherry on top of the Binance sundae.
Posted Using LeoFinance Beta
Verry cool! 😎
Posted Using LeoFinance Beta
it is a very nice move from LEO. I join late into leofinance, and will do my best to keep up with the development. Miss a lot to buy leo and have more power here.
more and more people will notice leo and hive, as BSC has a great number of user at the moment
Posted Using LeoFinance Beta
Your not late, it’s still under a dollar! And there will be so many new projects this year that you will be in on from the start! It’s a great time to join!
Posted Using LeoFinance Beta
thanks so much. I do hope that i can earn well through hive and leo, or i can invest my other coin into them when i do have a chance. Its nice to be here.
Welcome, your not to late, the platform is still young.
Thank you for your comment and please Tweet this link: https://leofinance.io/@shortsegments/b-leo-is-coming-leofinance-reaches-out-to-another-defi-exchange
Posted Using LeoFinance Beta
done with the tweet. :)
Posted Using LeoFinance Beta
Thanks
Posted Using LeoFinance Beta
LEO is keep pushing it.
Posted Using LeoFinance Beta
That is some pretty awesome news. I have been trying to move into some of the Binance chain stuff lately and I have been having some difficulty with it. I am hoping I can get that all squared away soon. I definitely want to take advantage of this!
Posted Using LeoFinance Beta
I to have been lining up my tokens to move in Binance once Leo drops the BLEO!
Good Luck!
Posted Using LeoFinance Beta
Thanks, it has been a nightmare so far, but I think I just need to wait for the documentation to come out.
This is very important!
The development of Binance Smart Chain, the rise of the usd deposits on Pancake is an important opportunity.
Good Post to call attention to this blockchain and platform!
Posted Using LeoFinance Beta
Ethereum took up from $0.15 to $0.60 curious what b-LEO would do maybe even larger as it seems to be one of the more active ones at the moment. $1.20 + per LEO
Posted Using LeoFinance Beta
Smart move indeed. Leofinance once again proves it has balls and direction, which not many tribes on Hive showed so far. Now I understand why @khaleelkazi commented on a tweet of mine in regards of holding some liquid LEO in the next week or two. Interesting times ahead. It almost feels that whenever we have some time of silence it's actually the silence before the storm.
Posted Using LeoFinance Beta