In our latest AMA, Mitch and I focused on the actions being taken to improve user activity on both LeoDex and Inleo. We discussed incentives, tools, and initiatives aimed at reaching the next level. Our goal is not only to attract Hive users but also to onboard new users from outside the platform.
In this episode:
- LeoDex: The more you trade, the deeper the liquidity becomes
- We aim to ensure seamless interaction on LeoDex and Inleo, regardless of which blockchain you come from
- Future updates to Inleo will allow you to log in with other wallets and receive rewards in different assets
- Friendly competitions between Hive communities
- Leaderboards are being revamped to enhance the gamified experience
We've received questions about the fees on LeoDex and the slippage. Actually, we now show these two separately so you can have all the information about the swap, as they are both related. The more liquidity there is in the pool, the less slippage you experience. Additionally, the more transactions that are performed, the more fees are collected and added to the pool. Therefore, by swapping today, you are making your swaps cheaper tomorrow.
To increase activity on LeoDex and Inleo, we aim to make them seamless for users from any blockchain. We're working on a future update that will allow people to connect to Inleo with external wallets and receive rewards in other coins. This will enable, for instance, Solana users to earn SOL.
All interactions and earnings will still occur on Hive, but payouts will go to users' chosen assets. This benefits Hive by increasing trading volume through the SWAP.HIVE/LEO and LEO/CACAO pools.
To enhance the experience, we're hosting a friendly competition between communities. Participants earn points for engagement in articles and threads, competing weekly and monthly for exciting prizes.To further incentivize new user onboarding, the community that refers the most users with their code will earn 500 points monthly.
Explore these and more intriguing topics in our AMA video. Drop your comments and join the competition!
Posted Using InLeo Alpha
Wow Khal, it's awesome to see efforts to make LeoDex more user-friendly and inclusive of other blockchains. The idea of earning rewards in different coins is exciting and could attract more users to explore Hive and Inleo. The future is going to be awesome on Inleo
We're grinding to make it happen!
and it's certainly going to happen brother, you're doing exceptionally well on this
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STOPGreat work khal. Would love to join this...
Whatcha waiting for? It's live already
Doing my part in my small way.
!BBH
!PIZZA