Introducing Burning for ALL Tokens Listed on LeoDex | Fee Redistribution

It's been just 18 days since LeoDex v2 was released. In that update, we added the Deposit & Withdraw buttons to the top of the wallet page:

https://dex.steemleo.com

These buttons are connected to the Hive account@leodex Steem ==> STEEMP gateway. This allows anyone to send STEEM to the Hive account@leodex account and receive STEEMP or vice versa to receive STEEM.

• Deposits (converting STEEM to STEEMP) have a 0.25% fee.
• Withdraws (converting STEEMP to STEEM) have a 0.35% fee.

The original plan was to have the leodex account use the fees collected to burn LEO every month. Instead, we've decided to have the account distribute the fees evenly to each token that has been listed on the SteemLeo DEX by buying their respective token at market price and burning it to Hive account@null.

The fees collected in the past two weeks weren't anything outrageous -- 32.739 STEEM collected -- but this is just the start of Hive account@leodex. The majority of these fees have been collected in the past few days as users are just realizing that Hive account@leodex even exists and offers such low fees for exchanging STEEM and STEEMP.

We expect a sharp increase in the fees collected in the near future and we believe that this is a great way to get other tribes/tokens who have listed on LeoDex to work as a collective to bring more users to the interface and provide a better experience to their userbase/tokenholders.

LeoDex Burn Reports will be published on the 16th of every month (exactly 1 day before the official LEO Burn Report).

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Total LeoDex Fees Collected = 32.739 STEEM

Listed Tokens	Fee Distribution (STEEM)	Price	Tokens Burned	TXID
LEO	4.092	0.211649	19.336 LEO	ed7fb7d45a4b85cdd8916212fc7c62dbeaf74e78
LIFESTYLE	4.092	0.018862	216.962 LIFESTYLE	77052f48dc444114e0cf136263e01e6594aa035e
CTP	4.092	0.022640	180.759 CTP	5db63f72b3a5e77f031207910111b3aeeec35b96
LOTUS	4.092	0.08	51.780 LOTUS	0a82c3d73130458bd5081aae6f49eb49a1d900b1
SAND	4.092	0.1	40.924 SAND	207dc084faf815f9a0fd2cd3872f2f035d55461b
NEOXAG	4.092	0.02228999	183.597 NEOXAG	254b8a532f3643a11b45088c63d96c05fa02010e
SPI	4.092	1.22	3.36 SPI	bd1d6f32cb7582a9fbc3681e19bda5b74b107956
BUILD	4.092	0.03776	108.379 BUILD	9f2bac916be56d2d543f261e70c2c56b8525b344

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How to Use The Hive account@leodex Gateway:

Using Hive account@leodex to exchange STEEM for STEEMP or vice versa is super simple. Either use the Deposit or Withdraw buttons within your Wallet page on https://dex.steemleo.com or simply send a STEEM (or STEEMP) transfer to Hive account@leodex (no memo required).

The current limits are displayed on the site. If your deposit/withdraw is over a few hundred STEEM(P) then someone from the SteemLeo team has to hit a button to confirm the transfer (we usually confirm these manual transfers within 5-10 minutes).

How to List Your Token on LeoDex:

This burn perk applies to all tokens listed on LeoDex both now and in the future. If you'd like to list your token on https://dex.steemleo.com, then just send 2,000 LEO to Hive account@null and then contact us on Discord.

Future Perks?

;)

 

 

all of our LEO author/curation rewards on this post are permanently burned from the token supply

#steemleo - A Next-Generation Community for Investors

 

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