Threadcast link:
@khaleelkazi/re-leothreads-37ucfib6z
Link to recording:
https://x.com/khalkaz/status/1919789920471687413
Speakers
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LeoDex Shines in TCY Launch, Unveils Innovative Referral Program
This week's AMA was an exciting one for the LeoDex team, as they discussed the platform's successful integration with the TCY token launch on ThorChain. Khal, the host, highlighted how LeoDex was able to provide the smoothest user interface (UI) for the TCY launch, earning praise from prominent figures in the blockchain space like the founder of ThorChain.
Smooth TCY Integration and Upcoming Improvements
Khal noted that while the TCY launch on LeoDex wasn't entirely bug-free, the platform was the first to allow trading of TCY and enable TCI claiming functionality. The team is now working to address remaining issues, such as problems with Ledger device users trying to claim TCI. Upcoming improvements include the ability to manually input ThorChain addresses for TCI claiming, as well as the launch of a dedicated TCY dashboard to help users track their holdings and activities.
Pioneering Referral Program
One of the key announcements from the episode was the upcoming launch of LeoDex's new referral program. Khal explained that this program is designed to give users a share of the affiliate revenue generated from trades they refer to the platform. Unlike other referral systems in the space, LeoDex's program will allow users to earn one-third of the affiliate fees from trades made by their referrals.
Khal envisions this program as a way to incentivize the LeoDex community to become "brokers" for the platform, actively promoting it and earning a portion of the revenue. He believes this aligns the incentives of the team and the users, as everyone benefits from increased adoption and trading volume on LeoDex.
Leveraging the Dex Ecosystem
Khal also discussed LeoDex's broader strategy of building an interface that seamlessly integrates with the various decentralized exchange (Dex) protocols, such as ThorChain, Maya, and ChainFlip. Rather than developing financial services and features in-house, LeoDex aims to provide the best UI/UX for accessing the capabilities of these Dex platforms.
This approach allows LeoDex to focus on its core strength of user experience while leveraging the innovations of the broader Dex ecosystem. Khal highlighted the potential for future integrations, such as with lending protocols, perpetual futures, and index products, all of which could be made accessible through a polished LeoDex interface.
The Importance of Community Feedback
Throughout the discussion, Khal emphasized the critical role of the LeoDex community in providing feedback and testing the platform. He urged users to actively engage with LeoDex, report bugs, and offer suggestions for improvement. This user input, he said, is essential for refining the platform and ensuring a smooth experience, especially as LeoDex aims to attract larger traders and "whales" to the Dex space.
Overall, the Twitter/X Space episode highlighted the significant progress made by the LeoDex team, their innovative approach to user incentives, and the platform's potential to become a leading interface for the growing Dex ecosystem.