Wait wait wait, if what I’m seeing on Hive-engine is correct and I’m not loosing my sight or something, at the time of writing this post, you can’t get 1k Leo tokens for 0.38 Hive anymore, except of course somebody later dumps theirs for cheap, according to this order book, you can’t even buy 1k Leo for 0.38 per Leo anymore,

All that is available is 1366 Leo tokens at 0.4Hive each, then 500 Leo at 0.44 each which will cost about 200 Hive which is equal to around $60 and then there’s 800 Leo at 0.45 Hive each.

Altogether, you can’t buy 5k Leo without pumping the price, looking at this chart, 5k leo will cost nothing less than 2250 Hive which is around $700. What!??!?

Except ofcourse the Leo is bought Via LeoDEX which will incur fees that will be used to buy Leo from the market and put it in permanent liquidity pool. Either ways, the days of cheap Leo are far gone. The market is down, but Leo is up, this is a perfect scenario of when fundamentals and technicals are speaking the same language.

My Experience On LeoDex So Far

So my first experience was super smooth, it happened exactly on the launch day and things were expected to be wonky but I had a smooth ride, I logged on with my keystore, and exchanged some Leo for CACAO. I’ve always wanted to get some Cacao but doing so with Xdefi hasn’t been exactly straight since I’m a mobile user.

Having to be able to do all that in round trips from one place is so cool! So it also occurred to me that I could reduce my transaction fees whenever I need to convert my Hive to USD, usually what I’ll do is to transfer Hive to Binance, which is feeless,

….then sell Hive for USDT, which incurs fees, then withdraw the USDT(Bsc) to Bybit because Binance has stopped facilitating P2p transactions for Nigerians, transferring to Bybit will also incur small fees, then p2p people will also charge their own fees.

But with LeoDex, all I have to do is connect keystore, connect hivewallet, sell hive for Arbitrum USDC, send to Bybit, very very tiny fee, then do my p2p from Bybit. This way, I’ve eliminated trading fees and transfer fees from Binance to Bybit.

My Feedback

• Paying gas fees was wonky this time around as compared to the first time, I had to do it twice because there was no message to say if the payment was successful or not. I had to assume it went through although it eventually did.

• In the image below, it seems there’s a minimum that can be swapped, I tried doing less than $15 but it didny go through i instead got an error message, after a while

• Lastly and most importantly, I wrote above that I swapped from hive to arbUSDC right? Well, it wasn’t as straight forward as that, after following through the swap process I realized that I got ArbLEO instead of arbUSDC, at first I thought it was some glitch that I got free Leo and bro, I dono what happened but I just couldn’t swap the arbLEO back to arbUSDC.

So I swapped it for CaCao instead, then I swapped CaCao for RUNE, then I withdrew Rune to my Binance, sold it for USDT and transferred the USDT to Bybit to withdraw through P2p, it was quite a journey but with time as the platform normalizes, the trade routes will operate smoother. Or maybe it’s me, maybe I was the one that missed something somewhere…I’ll give it time, try again in about 3 days and see what’s up.

Even with the initial hiccups and some confusion around the token swaps, I can't deny that LeoDex has transformed how I will continue to manage and trade my crypto.

This kind of innovation is what keeps the blockchain ecosystem exciting and ever-evolving. The convenience of having a streamlined process despite the complexity of cross-chain transactions shows the potential of what decentralized platforms can offer to everyday users like us.

the incorporation of error messages and more detailed transaction statuses could enhance the overall functionality of LeoDex. Knowing exactly where your transaction stands at any given moment isn't just a convenience—it's a necessity.

So I look forward to the next iterations and perhaps the next release which will be more sturdy. That’s it guys. It’s time to take a stand for financial autonomy and sovereignty by supporting our freedom tools, LeoDex is a move in that direction let’s treat it like ours.

Thanks for reading.

Posted Using InLeo Alpha