Hello everyone!
It has been a while since I have written a blog about something not about web3 gaming, today I thought: let's change my subject. The people who are following me on my Hive journey have probably seen that the last weeks, I have been more active on the Inleo platform. Even before the official announcement with the changes to the LEO 2.0 were officially announced. More about that later on. But yes, this article will be about LEO 2.0 and what my impressions are.
First I want to apologize for being less active in terms of writing longform posts. I have a quite busy time at work where the rush before the Summer holidays really kicked in a couple of weeks ago. I guess the coming weeks I will still be busy 'cleaning up the mess' of the last weeks. Afterwards it will probably become a bit less busy, but we'll see. I never know when projects fall out of the air exactly...
LEO 2.0
It's already some days ago that the official post was made to announce LEO 2.0. Now, what is LEO 2.0 all about? There are several key-aspects, atleast in my eyes:
- The $LEO token is moving to Arbitrum as it's native chain
- The cap on $LEO is 30M tokens. Initially this amount was higher in the whitepaper but the Inleo Team changed it to 30M now. This is a hard cap, no more $LEO will be printed.
- Rewards of $LEO will now come from the System Income Rewards Pool (SIRP). Instead of inflating the amount of $LEO, buybacks are happening through several different income streams.
In my eyes, these are the most important aspects.
You may be wondering: why all these changes? Inleo was a blogging platform for finance related topics and now they move away from Hive?
That's not completely correct though, as usual the answer is more nuanced.
Inleo & Leodex
Let's dive a bit in the past of Inleo. In the past there was Leofinance, which used to be (and still is) a community on Hive centered around finance topics. They had their own front-end and token. Than there was a rebranding and the platform became Inleo. Several developments took place like for example the popular Threads.
In the past months, Inleo has developed another platform: Leodex. On this platform it is possible to swap cryptocurrencies. You could see it as a Hive-Engine but not focused on Hive 2nd layer tokens but rather on the bigger cryptocurrencies. It's a cross-chain DEX interface to swap hundreds of different tokens.
I already asked the question: Is Inleo moving away from Hive? The answer is: NO. The native chain for the $LEO token is Arbitrum but LEO is still available through Hive-Engine. Inleo will stay on Hive as well. So all threads and blogs will stay on the Hive chain and will be able to earn you upvotes worth HBD / Hive Power.
My question to you
Have you checked out Leodex? Especially if you are swapping cryptocurrencies every once in a while, it's worth it to check it out. It has a 0.45% fee to swap tokens, which is among the lowest in the industry.
At the moment there is a volume-based airdrop ongoing to reward early users. There is a total of 2.5M $LEO allocated to this airdrop which will take 90days. So if you want to try out Leodex, feel free to do it in these 90days as you will be able to earn yourself some $LEO in return.
