The Traders Advantage:

The Hive token with wrapped versions on two other blockchains.

Thus allowing trading across three blockchains: Leo, WLEO & BLEO.

This Hive TokenLeo is traded on three blockchains: Hive, Ethereum and Binance Smart Chain blockchain.

Cross Blockchain Trading Explained

A blockchain token can only be traded on it’s blockchain, as a native token. However, it can be traded on another blockchain, if it is represented by a token native to the desired blockchain.

For example: Leo token, which is native to the Hive Blockchain and which can be traded there in it’s native form. But this native form Leo, cannot be traded on Ethereum. However Leo can be traded on Ethereum, when its value is represented by an ERC token, which is a special type of Ethereum block chain native token, which doesn’t represent the primary native token of Ethereum Ether, instead it represents a non-native tokens like Leo. And in this example the ERC token is called WLEO.

Native Blockchain Tokens

Native Blockchain tokens are like Leo on Hive, Ether on Ethereum and Bitcoin on the Bitcoin Blockchain.

Non-native Blockchain Tokens

Leo token is a non-native token on Ethereum, Bitcoin is a non-native token on Ethereum and Ether is a non-native token on Hive.

Cross-Blockchain Trading

Crosss blockchain trading refers to the trading of blockchain tokens across blockchains, such as trading Leo on Ethereum applications, and trading Ether on Binance Smart Chain applications. IT is cross blockchain because tokens native to one blockchain are traded on another blockchain.

Wrapping, Hive Tokens, ERC Tokens, and BEP Tokens

Wrapping is the name given to the process that makes Cross Blockchain trading possible. It doesn’t actually involve wrapping, like we do with a gift or present, but the process has become known as wrapping. In wrapping an investor creates or pays for the creation of a specialized native blockchain token, which represents the value of a non-native token, so that the non-native tokens value can be traded on another blockchain token.

Example:
The creator of Leofinance wanted to trade Leo on an Ethereum blockchain application Uniswap. Leo is a Hive blockchain token, so it cannot be traded on the Ethereum blockchain. However it can be represented on the Ethereum blockchain by a special Ethereum token called an ERC token. So in order to trade Leo on Ethereum, a ERC token called WLEO was created.

Custodian

When you want to trade a non-native token like Leo on the Ethereum blockchain, you must create a special token, native to the Ethereum blockchain called an ERC token, to represent the value of a Leo token on Ethereum. Then you have to wrap Leo tokens as this ERC token, which in this case was called WLEO. So an investor, sends his Leo tokens to a custodian, someone who takes the Leo and sends the investor back the WLEO in return. The custodian then holds the Leo until the investor asks for it back, by sending the custodian the WLEO tokens.

A famous token Bitcoin is also wrapped so it’s value can be traded on Ethereum. A famous custodian BitcoinGo, creates the wrapped Bitcoin token and investors send their Bitcoin to BitCoinGo, and they received wrapped Bitcoin in return, while BitCoinGo holds their Bitcoin. When investors want their Bitcoin back, they send the wrapped Bitcoin back to the custodian BitCoinGo, and BitCoinGo sends the Bitcoin back to their wallets.

Hive Blockchain Token Leo, Ethereum Token WLEO and Binance Smart Chain token BLEO

This brings us to the star of our article, the Hive token Leo. The Hive token Leo has been wrapped as a special Ethereum token, an ERC token called WLEO, so it can be traded on Ethereum blockchain application Uniswap. And it has been wrapped as Binance Smart Chain token, an BEP token, called BLEO, so it could be traded on Binance Smart Chain application Cubfinance. It was from it’s genesis a Hive Token, which could be traded on Hive-Engine or LeoDex. It is therefore a three blockchain trading token, traded on three blockchains, Hive, Ethereum and Binance.

The Doorway to Hive Community for Ethereum Content producers and Binance Content Producers

Because Leo is traded on Ethereum’s blockchain as WLEO, and because Leo is traded on Binance Smart Chain’s blockchain as BLEO, investors who have never heard of the Hive Blockchain or the Hive Social Media application can enter the Hive ecosystem from either Ethereum or Binance Smart Chain and trade the non-native tokens value from those blockchains on Hive, as Leo or Hive tokens, by utilizing the ERC token on Ethereum or the BEP token on Binance Smart Chain, to trade their tokens into Leo and subsequently Hive.
In this way content producers from those two blockchains can come to Hive to post content, or purchase things like NFTs or Splinterlands cards, or to purchase Hive, power it up and generate author and curation rewards from their own content or from upvoting the content of others.

Future Cross Block chain trading project on Hive blockchain

The creator of Leo token has one more project, not yet finished, which will potentially increase the number of investors and content producers who migrate into Hive from the Ethereum Network and Binance Smart Chain Network. This project involves a automated single step method of trading Ethereum token WLEO, or Binance Smart Chain token BLEO for LEO. This will allow investors and content producers from the Ethereum Network and the Binance Smart Chain Network to transfer the value of their Ether tokens or their Binance tokens into the Hive ecosystem as Leo in one simple step. This project will eliminate the inherent complexity of cross-blockchain trading, by hiding it’s complexity under a simple graphic user interface.

WLEO to Leo in one step, or BLEO to Leo in one step. A one step entryway into the Hive ecosystem.

This is my explanation of the Three Blockchain, Hive Blockchain Cryptocurrency: Leo, and it’s significance to the Hive ecosystem.

This Hive TokenLeo is traded on three blockchains: Hive, Ethereum and Binance Smart Chain blockchain. This Hive token is now a doorway from those two ecosystems to a third ecosystem Hive.
I think it will increase utility of the Hive token and bring more investment capitol into Hive. I thnk the future of Hive and Leo is bright.

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