A new frontier : Inleo Project creates simple swap pathway from Hive to Bitcoin on LEODEX

• Via an Arbtrum, Maya and Cacaoswap.

• The last 48 hours have been historic in Hive and Inleo history, in my humble opinion, of course. :)
• I have been waiting for the big event; the creation of the LEO-CACAO Pool on Cacaoswap!
• This is a BIG DEAL, my emphasis because it is the first time in my six years here that I was able to swap native HIVE for BITCOIN in one transaction.

• WOW!
• Again emphasis mine.
• This is amazing considering that the current path from Hive to Bitcoin is long and convoluted, but now you do not have to follow that path anymore.
  GREAT!
• Imagine that soon you will be able to trade Hive not just Bitcoin, but also Ether and USDT directly, and that future is amazing.

What I did today

• So today, I did the things differently:
  I created a Keystore wallet
  I connected this wallet to LEODEX, this connected my Hive wallet to LEODEX.io , then I went to www.wleo.io to send Leo to my keystone wallet as Arbitrum Leo.
  I then used LEODEX.io and Keystone wallet to both swap Arbitrum Leo for Cacao, and deposit both Arbitrum Leo and Cacao in the Leo-Cacao-pool on Cacaoswap. My deposits in this liquidity pool create a presence of the Hive Community on cacaoswap and Maya, increasing the likely hood they will build direct swap archetecture in the future, so we can swap Hive directly, without wrapped intermediaries, but more on that later.
• I performed 8 swaps and 4 deposits to learn the process and watch the prices and observe the time it took. It was fast and very cheap, the UI was simple and easy to use. It just worked. :)
• Additionally, I created three transactions swapping Hive for Bitcoin, which I didn't complete because the Bitcoin network fees were larger then I wanted to pay.
• It's important to realize that in the case of wallet swaps, you pay the asset network transaction fees, which for Bitcoin Network and Ethereum Network are pretty significant. The beauty of using Arbetrum Ether is the fees are very small, because Arbitrum is a bult to make Ethereum transactions cheap.
• Incidentally, I also used the the LEODEX Arbitrum Faucet to swap Leo for Arbertum Ether, so I had Arbitrum Ether to pay transaction fees to swap Leo from Hive for Leo on Arbitrum.

Leo-Cacao pool, this part was complicated

• Once again, I needed to read and follow the instructions carefully, but when I completed the right steps, in the right order, it all worked, smoothly and quickly.
  I paid transactions fees in Cacao, which were really tiny.
  I paid transaction fees in Arbitrum Ether, which were also very tiny.
  I deposited LEO and CACAO in the LEO-CACAO pool on Cacaoswap

Hive to Bitcoin, this part was amazingly simple

And I set up a swap 571 Hive ($200) for Bitcoin, but $41 dollars in fees, so I didn't pull the trigger. But there it was, a Hive to Bitcoin, swap, from my Hive wallet to my Bitcoin wallet (Keystore) . The swap was real not thepretical.
And I have one thing to say... it was amazing!

My thoughts after first day.

• The LEODEX interface is simple, clean, and intuitive
• The Cacaoswap interface is also simple and clean
• The transactions were fast and except for the BItcoin network fees, they were cheap.
• The wleo.io site was incredibly swift sending my native LEO to arbitrum LEO
• The swap function and pool functions on LEODEX were very fast and the transaction tracker and Maya block explorer were just a click away, so I could track everything in real time.
• It took some time to do everything, but very fast and short transaction times.
• I realize this sounds a little bit complicated, but if you do it 12 times like I did, it starts to get intuitive, and after 20 times it was pretty clear.
• It is important to realize you would never consider 20 transactions on the Bitcoin or Ethereum network, the cost is to high. The Bitcoin network transaction fee for one transaction of Bitcoin was $41.
  But on Arbitrum it was pennies and on Cacao it was pennies, so I could swap again and again for pennies.
  I started with small amounts not wanting to risk my whole stack, and gradually increased the size of each transaction as the transactions went through and I learned the proper sequence of events

Questions to be answered by @khaleelkazi or @I337m45732 ??

• I think I can trade my native Leo from Hive directly to Cacao on LEODEX.io and deposit just Cacao in the Leo-Cacao pool, and the pool will apportion my deposit both Leo-Cacao, with some slippage, but incredibly simpler then what I did. This is called Assymetric Pool Deposits. Please answer @khaleelkazi or @I337m45732 ??

Shout-outs and Thank you's

• First a Shout Out to the Dev team for creating all this, great job.
• Second a Shout Out to Khal for the tutorial videos on LEODEX and for being the creative inspiration behind all this.
• Third, a shout out to Nifty for all the tutorials on the Keystone wallet, and answering my questions.
• Fourth, Shout Out to CAT @scaredycatguide , Eric @anomadsoul and Nifty @I337m45732 for answering many of the questions we all want to ask during the AMAs
• Lastly....
• The Inleo Community is an amazing source iof valuable information from Discord to Threads, Thanks @tsunsica , where I feel we can ask questions and get answers quickly, so all the community members who step up and answer questions on Threads and In Discord...Thank You.