LeoDex is evolving impressively. These recent times have been key in demonstrating why the site is becoming one of the best web applications for cross-chain exchanges. From the place of a simple user with an open perspective towards the future of cryptocurrencies and markets, I can assure you that the products being built really make a difference. The commitment is such that every day we are impressed with the new features that emerge, as well as improved functions that make life easier for all of us in an expanding ecosystem.
With the implementation of LEO 2.0 there have been some changes, but also the emergence of spontaneous opportunities. One of them is the possibility to participate in an airdrop, which has a duration of 90 days, divided into three phases (30 days each). When I heard about this, I did not hesitate for a moment to know that many things are coming that could greatly increase the adoption of LeoDex, and of course, INLEO, which is the place that has somehow become our second home.
In this airdrop, it is expected that a portion of the LEOs will be distributed among the users in a chain. Some 2.5 million LEO are available for these purposes, bearing in mind that participation involves, first and foremost, the generation of volume when trading.
Based on our performance, we will be able to unlock ranks that will allow us to secure a part of the airdrop. That is to say, we will be assigned the corresponding rewards when we manage to generate volume in each swap. As we all start from the beginning, it is to be expected that the first rank is relatively achievable in a short time.
The first range considers reaching $1,000 dollars of volume. I admit that at first I was hesitant to do it with a high amount, so I did some tests with little money.
I didn't have any problems, so I made up my mind and added a little more (about $30 in total). As you can see, it was enough for me to reach the first rank, which is the bronze rank. The following ranks are more demanding, such as silver, which considers a sum of $10,000 dollars in volume.
Considering that the costs are relatively low, I see it as an opportunity that you should not miss. Perhaps my concern was that these were the first times I used other networks that I have become accustomed to, but I decided that I need to make all kinds of experiences in the crypto world; this was not going to be the exception.
The ranks that you can climb are 5, although each one will have to evaluate how far he can go. In my case I would be satisfied with reaching the silver rank, although I will have to do some calculations to see if I get there in time and form.
The networks we can use are Thorchain, MayaProtocol or ChainFlip. I chose to use Thorchain as I had some knowledge and knew which cryptocurrencies to use when making swaps (RUNE, RUJI, TCY). I also knew that the commissions were very low.
As I had said before, I started with little balance, until after checking that the chain works as expected, I increased my RUNE. At first I had no idea how to start, until after a few days I remembered that Binance has the RUNE token listed. So I bought and moved them to the LeoDEX wallet.
It should be noted that the most convenient way to participate, or at least the one that worked for me, was to create a wallet through KeyStore. Why? Because it comes with the wallets you need to use for the airdrop, so you will have a Thorchain address, Maya, as well as the EVMs.
As you can see from the images, the commissions are relatively low. You can also notice that the exchange lanes are fast and select the best cost, as they are based on an aggregator that selects the best route for you.
I must admit that in some cases the transaction took a little while, but you can check it in the block explorer. When it happened it took no more than 5 minutes. In general, it takes seconds, if not instantly.
What I also considered was to take advantage of the times when I don't trade, so I am applying a strategy of moving to TCY and staking them, at least until the next set of swaps. The good thing is that it is a flexible staking, so adding takes the same time as withdrawing stake.
As for airdrop eligibility, the requirements are minimal. You must realize a minimum of $1,000 dollars of volume, as we said before. Be active during the campaign period. Also create a referral code. But the most important, although obvious, is to have and connect an Arbitrum wallet (which I imagine is the one that comes already created by default, in my case, by starting with KeyStore).
Following these parameters, the distribution of rewards will be immediate, every 30 days. So if everything goes well at the end of the first phase, you will probably want to participate in a second opportunity of the three that exist. A promising airdrop, isn't it?
LEO 2.0 is revolutionizing the way finance is conducted. This will impact everything, both INLEO and LeoDex. $LEO from here has the potential to scale to unimaginable frontiers, which translates into an opportunity to claim your share before exponential growth takes place. That's where we're headed, don't say I didn't warn you! 😜
If you're interested, log in now through my link: https://leodex.io/?ref=vikdex
- Main image | Robert Clark | Unsplash edited in Canva.
- My own screenshots from my LeoDex experience.
- Translated to English with DeepL.