Believe me, I am very impressed with the #LeoDex and #LeoFinance platforms. The progress happening here is not seen anywhere else. You will find in these developments in other hive exchanges. The team working behind this platform truly deserves appreciation, they have worked so hard that the Leo token has become as strong as a solid rock. If you have noted the price of leo has increased from past 3 years.
I am still remember when the price of #leo was around $0.05 but now if we check the price is around $0.12 - $0.13. The main reason is the investors who are stick with the platform and are not leaving #leo token. Why should they leave when they are getting such best developments and features.
The recent dump destroyed almost all coins, very few tokens maintained their value, and #Leo token was one of them which is really appreciable. On the other hand, #Hive could not hold its original value and crashed sharply nearly 35–38% down within just 7 days. This crash is really insane and worrisome for many investors.
What could be the reason that #Leo stayed strong while #Hive weakened? Today, I’ll talk about this and share my understanding. #Leo is a finance platform that works similarly to other front-ends, you can post content, write comments, engage in threads, power up Leo tokens for curation rewards, stake them, and do much more just like on Hive.
But the feature that makes this platform truly unique is its #LeoDex Exchange. Its majestic and investors are very happy with it.
I’ve seen great growth and development so far. LeoDex is a fast exchange within the Hive ecosystem where transactions happen very quickly, with very low fees. It has swap and convert features, liquidity pools for earning passive income, and multi-asset support including BTC, ETH, BNB, USDT, USDC, and many others.
You can indirectly buy any coin through LeoDex and keep it in your wallet. You just need to connect your Metamask or any compatible wallet. First, you buy crypto from any exchange, transfer it to Metamask, and then to LeoDex. Only a bridge is used to transfer the asset to the #leodex wallet.
The best and most interesting part is that you can also swap these cryptos just like you trade on centralized exchanges. In fact, swapping is trading, as it allows you to change positions between different assets. Its a good source of earning from different crypto coins, I will write a content about how to use swap feature.
In my opinion, #LeoDex is the main reason behind Leo’s strength and price stability. They have managed everything very well and are constantly adding new features that make the platform and its token stronger.
Now, can the same thing happen with #Hive?
Yes, absolutely and the key development hub for this could be #Hive-Engine. If Hive-Engine introduces the same features as LeoDex, then users and investors interest will surely increase. #hive coin must be used in any of the way to keep giving rolling.
#Hive-Engine is no doubt a great exchange within the ecosystem but it’s missing many key features, like:
Pool options
Crypto trading
Crypto swapping
Bridging support
These are essential features that Hive-Engine lacks right now. Beside these, the Hive-Engine interface looks old fashioned and too technical, which makes it complicated for users. Sometimes it also becomes slow or even stops working, which creates problems in transactions.
Another important thing that should be added is a Launchpool feature. This is very necessary because new coins are launched daily. If Hive-Engine adds a launchpool where we can stake our Hive or HBD to earn new tokens, it would make investors very happy. This will allow earn passive income on every new coin launch.
There would be other two big benefits. A large amount of Hive will go into staking, strengthening its price. Investors interest and attraction will grow continuously. It depends on the attraction of rewards, if reward system is interesting more investors will join the project.
Do you agree with my points? Do you think #Hive-Engine can become the key source of growth for this ecosystem? Share your opinion in the comments.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA leodex hive-engine
Thank You!
Best Wishes.