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RE: NEW Exchange Listing for LEO!!

in LeoFinance10 months ago

This is good news. Another bridge to another blockchain and beyond. I think this move where there are built-in cross blockchain trades without wrapping is true to your goal of safe cross chain traffice and creating a pathway for two way traffic.

I wondered why this fit into the theme of reducing the number of tokens and focusing on Leo token. I wondered why you couldn't do a Leo-Cacao trading pair on Maya, but after doing some research.

I found this out:

  • Maya Protocol connects three chains: Bitcoin, Ethereum, and THORChain.
  • Wrapped LEO (WLEO) is an Ethereum-based version of the original LEO token from the LeoFinance community.

Here’s why it might be advantageous:

  • Liquidity: WLEO provides liquidity on Ethereum, allowing users to interact with other Ethereum-based projects.
  • Cross-Platform Accessibility: It enables easy on/off-ramps between Ethereum and LeoFinance’s ecosystem.
  • Collaboration Opportunities: WLEO opens doors for collaboration with other Ethereum projects, expanding the user base.
  • Decentralized Exchange Listings: WLEO can be listed on decentralized exchanges, attracting new investors.
  • User-Friendly Experience: LeoFinance aims to create a seamless onboarding experience for users, regardless of their blockchain familiarity. So using a ethereum token gives the advantage of familiarity.

Did I miss anything?

I am sure I did.
If you can share your reasoning I am sure it will make me smarter, so thank you.