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Leo is the native token of Inleo, a layer 2 frontend built over the Hive blockchain. The superfast transaction speed at zero fee creates a lot of interesting use cases for this blockchain project
Currently $HIVE is interestingly poised in the crypto space.
With a marketcap of $242,450,247 it is still quite untouched by the big moves of BTC which hogs all the limelight and money inflows.
As a DPOS blockchain it often gets deprived of the attention it deserves.
A big reason for it is the lack of places from where users can get hold of Hive
Even though it is available on a big exchange like Binance however It has hardly any presence on any of the major DEXes.
This lack of availability on exchanges makes it hard for users to get hold of Hive.
LEO getting listed on an Exchange
The Leo token is going to be listed on Maya Protocol
The Maya Protocol is a friendly fork of the Thorchain.
In a lot of ways the Maya Protocol has similarities to the Thorchain and yet the two do not form a competing pair.
The Maya ecosystem is more focused on evolving as a cross chain L1 DEX
The maya chain's evolution as an evolving ecosystem that is open to the experimenting and incorporporated new elements to the ecosystem.
Getting on to Maya ecosystem would help create a gateway to thorchain (RUNE)
To the credit of Thorchain is the fact that it is evolving as a leading DEX that in due course of time can become the numero uno DEX that is trusted and used by its users.
Looking at the pairs available on Thorchain one see the leading pairs as
- BTC / RUNE
- ETH / RUNE
- USDT / RUNE
- USDC / RUNE
- AVAX / RUNE
- BNB / RUNE
- BCH / RUNE and many more.
These trading pairs are already present on Thorchain as swap pairs.
What the listing of LEO on Maya Protocol means for Hive
The maya protocol acts as a gateway for Leo and hive users to swap their LEO to
- BTC
- ETH
- USDT
- USDC
- AVAX
- BNB
- BCH
- RUNE
- CACAO etc
This swap would help the users to perform a swap from Hive to leo and from there to a number of cryptos.
Similarly coming from the BTC, ETH, RUNE, USDC, USDT, AVAX and other crypto into Hive and LEO
This two way trade and swap would be possible via a DEX mechanism. The exchange without bringing a CEX into the picture gives more exposure to the entire Hive ecosystem.
Is this DEX listing a masterstroke by the LEO team?
A CEX listing costs a lot of money and from a end users perspective this means registering to the CEX with user details, completing KYC and then being able to do a trade.
This is both time consuming and cumbersome.
On the other hand we see a trend where the world of crypto is gravitating towards decentralized exchanges DEXes.
Currently Hive has a trading volume of $17,451,310 (as per coinmarketcap data)
However the thorchain has a daily volume of $550 million
By putting LEO in the realm of tokens that are trading on the Thorchain. The exposure to Leo and hive would automatically be increased many fold.
In this light a decentralized listing for LEO is a win win for both LEO and Hive token as well as the entire hive blockchain
When would this listing see the light of the day?
The process is already underway and currently a 7 day countdown is ticking away.
If everything goes as per plan then in a weeks time by Tuesday, 19th March 2024 we may see that LEO is trading on a DEX
How every Hive user can benefit from this?
Spread the word. Share this post on social media and let your friends and the world come of know of this development.
This way more users can come to Hive and inleo.
There would be a greater demand for the inleo and hive token and that would help trigger a token demand and price appreciation for both
$LEO and $HIVE tokens.
If you are reading this from outside inleo/ Hive
Then it is time you claim your free account on inleo using the link
Once you have an account start posting your content on inleo.io and give yourself the opportunity to earn with your content.
Posted Using InLeo Alpha