Summary: INLEO AMA – January 21, 2025

Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-skyzrk9q

Link to recording:
https://x.com/i/spaces/1mnxeAAEbrvxX

Speakers

@khaleelkazi @scaredycatguide

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DISCLAIMER: The following has been generated by AI based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project

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Cross-Chain Integrations and LeoDEX Expansion

The main focus of the discussion was on the recent and upcoming integrations and expansions for the LeoDEX platform. The team is working on integrating the ChainFlip protocol, which will allow trading between Hive-based assets and those on the Solana network. This means users will be able to swap Hive, HBD, Leo, and SPS with any Solana-based cryptocurrencies.

Additionally, the team has just launched a new integration with the Splinterlands ecosystem. Users can now view their SPS earnings on the InLeo dashboard, and they can use SPS to purchase InLeo Premium subscriptions. This is part of InLeo's strategy to make the platform "reskinnable" for different crypto communities, allowing them to seamlessly interact with the InLeo ecosystem using their native tokens.

The host discussed plans to potentially launch a "meme coin" on Solana that would have some fun, lighthearted utility integrated into InLeo. The treasury of this meme coin would be used to buy and hold Leo, providing another avenue for Leo price support.

LeoDEX Swap Functionality and Fees

The team has made significant upgrades to the LeoDEX swap engine, implementing an intelligent memo system that allows for efficient cross-chain swaps. Users can now swap between various Hive-based assets as well as those listed on LeoDEX, with a small swap fee collected in the form of the traded asset.

To protect users, there is currently a $200 limit on individual swaps, which the team plans to gradually increase as more testing and feedback is gathered. The host encouraged users to provide feedback on their swap experiences to help improve the system.

Merchant Integrations and Crypto Payments

A major focus for the team is expanding LeoDEX's merchant integrations, allowing businesses to accept a wide range of cryptocurrencies while settling in their preferred token. The host discussed targeting businesses that already accept crypto, but only one specific asset like Dash, and enabling them to accept a variety of tokens that would automatically convert to their preferred settlement currency.

The team is exploring partnerships with services like Coinbase to make it easy for traditional businesses to start accepting crypto payments, with the LeoDEX API handling the conversions. This could provide merchants significant cost savings compared to traditional credit card processing fees.

Documentation and Community Involvement

The host acknowledged that the project's documentation has fallen behind the rapid pace of development. He expressed a desire to make the documentation more open-source, allowing the community to help keep it up-to-date as new features are released.

Additionally, the team is exploring ways to further incentivize and engage the community, such as offering merchandise or other rewards for long-term supporters and contributors. The host is open to ideas from the community on how to build out these types of initiatives.

Overall, the discussion highlighted the InLeo team's focus on expanding the project's cross-chain capabilities, merchant integrations, and community involvement - all with the goal of driving broader adoption of the Hive ecosystem.

Posted Using INLEO