How to make LeoDEX ROAR for you - LEO&HODL Contest

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If you are not versed in crypto one of the first questions you will be asking is wtf is a DEX when it's at home?

DEX stands for DEcentralized eXchange

Before we charge on like a bull in a china shop, let's take a moment to review the definition of

from our very own

A
(P2P) exchange that allows users to trade cryptocurrency without the use of an intermediary.

theoretically offer anonymity to users. At the same time, transactions are non-custodial since there is no intermediary.

If we want to trade our layer 2 tokens in the Hive ecosystem then we need to do this on one of the four decentralized exchanges that are available to us, these are namely

BeeSwap
Hive-Engine
LeoDex
TribalDex

LeoDEX is one of the LeoFinance products and is the slick UI Decentralized Exchange for the Hive Blockchain.

Let's take a quick look at LeoDEX!

The default landing page for

gives you the market page for the $LEO token.

Well it is called LeoDEX what the fluff did you expect it be!

As you can see it looks slick, that is why I called it the slick Hive DEX! I love the User Interface, the great colours and above all LeoDEX is intuitive to use!

It does all the usual stuff you can do on a Hive DEX

For example delegate LP to @hodlcommunity

You can also do the following for a token:

Send
Trade on the Market
Stake
UnStake
Delegate
UnDelegate
Look at your history for a token
Look at the Rich List for a token

This is NOT going to be a tutorial on how to use LeoDEX.

BUT I will highlight 4 great features of LeoDEX that will benefit #newlions and #cubs alike

FEATURE 1 LOW FEES

Low Did I say LOW deposit and withdraw fees.

source

You might think 0.75% is low right?

NOOOOO....

We want less!

Ok Ok I hear you, and you've get less...

What about 0.25% yes a THIRD of what Hive-Engine charges you.

As you can see from that screenshot of my LeoDEX account we only get charged 0.25% to deposit our Hive 👏👏👏

As you can see from that screenshot of my LeoDEX account we only get charged 0.25% to withdraw our Hive as well👏👏👏

CONCLUSION 0.75% fees to use Hive-Engine ... ehmmm No thanks!

FEATURE 2 Rich List

Yes you read right, each token has a rich list

That is a snapshot of my LEO token stats from my wallet. Now at the end where I circled in red is a button click that and a rich list will appear just like below 👇👇👇

I have great fun with these. I am competitive and when I see someone ahead of me in the rankings for a particular token I am wanting to keep in my layer 2 portfolio then I do my best to get some and overtake them!

FEATURE 3 TRIBE Vote Weighting

Say what now!
I only learnt of this from @ifarmgirl who tagged me in an answer that @onealfa.leo gave her and brought this to our attention.

We can regulate our Hive/tribe voting power consumption simply by using LeoDEX.

As I use LeoFinance and HIVE it is very useful for me.

Simply go into the Rewards Tab and under your token click this button circled in red...

This will then open up this dialog box and you can change the multiplier to whatever you like.
Note that my Multiplier is set at 4

I have great fun with this and let me show you an example for Leo Voting...
As you can see below for 100% Vote Power my vote is 0.016 LEO

Now remember that my Multiplier is set at 4

So when I change my HP Voting power dwon from 100% to 25% the LP Power is 4 times that, in other words 4 x 25 =100%

Do you see it?

My Hive VP is 25% but my Leo VP is 100%

That is well fluffing wicked and another reason to be using LeoDEX. I change my multilier multiple times daily!

FEATURE 4 Ads

Ads means revenue!
You might not appreciate that yet, but the plan is for $LEO token holders to be rewarded with some ad revenue.

So by using LeoDEX you are generating revenue for the LeoVerse, and what a great win-win that is!

CONCLUSION

These are some of the reasons why I have LeoDEX as my goto Hive DEX

☑️ 0.25% deposit/withdraw fees (not found any cheaper)
☑️ I monitor my standings in the token rich lists. Plays to my competitive side to increase token holdings
☑️ I can effectively use my Hive and Leo voting power ratio combination to maximise curation rewards
☑️ Generates ad revenue for the LeoVerse

Newlions should use LeoDEX as a great way into the LeoVerse.

The only potential drawback that some people will argue about LeoDEX is that you do not know who makes a transaction. On other Hive DEXs you can see you has made a trade. But as this is a DEcentralized eXchange then people should have their anonymity intact right?

AND NOW I have no intention of boring you any further.