How to Bridge LEO Across Chains Using LeoDex

avatar

Here's a quick tutorial on how to bridge LEO across blockchains using LeoDex. The LEO token is natively an Arbitrum token and has a max supply of 30M tokens that have been fully issued through a fair launch using our INLEO social media application.

LEO is on Arbitrum but there are other forms of "Wrapped LEO" that live on other blockchains.

bLEO is LEO on BSC and is listed on Pancakeswap. Paired as bLEO:BNB.

pLEO is LEO on Polygon and is listed on Sushiswap. Paired as pLEO:MATIC.

LEO is LEO on Arbitrum and is listed on Maya Protocol. Paired as LEO:CACAO.

These bridged versions of LEO allow us to tap into other blockchains and be listed on a multitude of DEXes. The LeoBridge that connects them is protocol-operated and collects a 1.5% Bridging fee on every TX. This Bridging fee is burned by the protocol which means that it creates deflationary pressure on the LEO supply over long time frames.

For example, if 1,000,000 LEO is bridged from bLEO to LEO on Arbitrum a total of 3% in fees was charged on those bridge TXs. That's 30,000 LEO that is burned permanently from the LEO supply.

Over long timeframes, this has a dramatically positive effect on the LEO Token as future selling pressure is reduced by way of removing tokens from circulation permanently.

If you have any questions, don't hesitate to jump in the LEO Discord and ask for help! https://discord.com/invite/8TEthdTmnZ

Posted Using INLEO

hive-167922 leodex leo hive ctp oneup proofofbrain vyb dex hbd
0
0
0.000
9 comments
avatar

I have waited for this article for a long time.

Thanks for helping understand this better.

0
0
0.000
Reply
avatar

Thanks for sharing 🙏🙏

0
0
0.000
Reply
avatar

If I've understood this correctly, does that mean that $LEO is deflationary?

0
0
0.000
Reply
avatar

It is deflationary and they made this change recently.

0
0
0.000
Reply
avatar

Khal would you consider doing your magic on the $HIVE token too??? please!?

0
0
0.000
Reply
avatar

All I can say that it's still early to get more Leo because it's going to be expensive as I see Khal doing magical things for the project. Great work man

0
0
0.000
Reply
avatar

Strength to strength well done, me deciding on becoming a Lion was the best decision I ever made in Crypto. let's Roar brother! the next Steve Jobs or Zuck right here in the making!

0
0
0.000
Reply
avatar

Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You got more than 95500 replies.
Your next target is to reach 96000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000
Reply