LeoDex: connecting Hive to wallet to wallet cross blockchain swaps on Thorchain.

23 days ago (Edited)

LeoDex

What is LeoDex?

A decentralized cryptocurrency exchange, which means it’s a website to which you connect your wallet, annd trade cryptocurrencies and your cryptocurrency is always in your wallet, protected by your keys.

Where is LeoDex?

Why is LeoDex very important for Hive?

This development of a decentralized exchange or DEX for Hive which connects it to Thorswap means you may never have to give up control of your cryptocurrency tokens again to swap them for Bitcoin, Ether, USDT, USDC or fiat.
A Centralized Exchange like Binance requires you to send your cryptocurrency to their wallet, controlled by their keys, and completely without the cryptographic control of your assets that brought you to crypto in the first place.
Hive is traded on Centralized Exchanges, as you see below. Hive is not traded on decentralized exchanges like Uniswap, PanCakeSwap or the decentralized exchanges on Polygon.

Thank you to @crimsonclad and others who worked tirelessly to get Hive listed on exchanges right after the HardFork away from Steem.

Dexs or Decentralized Exchanges allow just almost any token compatible with their smart contracts to list a trading pair.
The main purpose of InLeo creating non-fungible representations of the Leo token on Uniswap, PanCakeSwap and Dragonswap was to create more connections between Hive and decentralized exchanges all over the world.
The main difference with Leodex is this exchange connects Hive to Thorchain where decentralized cross blockchain swaps can occur from your wallet, not a centralized exchange.
This means your Bitcoin or Ethereum never leave your wallet to be deposited on a cryptocurrency exchange, where your crypto is no longer under the protection and control of your keys.
Leodex gives us the opportunity to trade our Hive blockchain native token assets like Hive, Leo, SPS, and DEC for Bitcoin, Ether, Tether USDT or USDC.
It also gives us the opportunity to convert our Bitcoin, Ether or stablecoin directly to Hive. This is something not previously available on Hive.

How to use LeoDex?

The below videos explain how to create a Keystore Or X-DeFi wallet, the only wallets compatible with LeoDex right now, and how to use LeoDex.

This wallet download is built into Leodex.io so you can crea one if you don’t have one, then connect your Hive Keychain wallet and your ready to trade on LeoDex.

Gas is the token you need for transactions on Arbetrum blockchain, you need some in your wallet, so get some on LeoDex.

Inleo.io is a social media platform on the Hive blockchain, where you own your account, you own your content and you earn a cryptocurrency token when your readers like and upvote your content.
It also is a place where you can read long form posts, listen to video blogs and read short Tweet like comments called Threads, as well as write Threads.Inleo.io is a place for content creators and people who enjoy consuming content.
You can get started here without buying anything and earn cryptocurrency for free by engaging socially with any of the content here, by leaving comments. Yes, you can start for free and earn for scrolling and leaving comments. This is the revolution of wbe 3. Your comments may be upvoted by the authors and others who read your comments. So engage with purpose, passion and with the possibility of getting paid. :)

Additionally, there are other applications on the Hive Blockchain, including other social media platforms like Hive.blog, Peakd, Eccency, 3Speak, and others.
There are also Pay for Play games like Splinterlands and Pay for Move exercise or activity applications like Actifit.

The Hive blockchain has zero transaction fees, 3 second transaction time, and proof of stake consensus.
Hive also has a Community DAO with a 25 million dollar DAO treasury paying developers and builders to build applications for the community.
Maybe your project should be here.