Leodex is a Decentralized Solution for multi-chain Swap

We encourage self-custody of crypto and with this method, we can trade or swap crypto only in decentralised exchange. We can even think of self-custody in a centralised exchange and if we keep our funds in CeX then its always at risk. We have to understand that no exchange is safe and its never advised to keep your crypto in an exchange wallet. Not your key, Not your crypto is well often shared in the market and it simply means that if we don't have access to our keys then it's not our crypto. There have been multiple instances with centralised exchanges where funds were stolen because of the hire or some manipulation done by the exchange itself. In any case, the loss has been passed down to the customers.

Last month in India one of the biggest crypto exchanges was hacked and the crypto worth $230 million USD was stolen. The exchange is trying to follow the socialised loss strategy and they want users to bear the loss. They also published a proposal in which the entire loss was distributed among users but users did not agree until now they have not come up with another proposal. Sadly, these exchanges are making a lot of money in the market but when something goes wrong because of their mistake then they do not come forward to take the responsibility. Because of these reasons, I believe that it is essential to start using decentralised exchanges. At least in this case, we have control of our crypto so if the key is not shared with anyone then a crypto will remain safe.

LeoDex is good to use

LeoDex is a DeX where we can trade layer 1 and layer 2 tokens easily. It's fast easy to use and supports multi-chain which means we can swap tokens in multiple networks which makes the experience easy and hassle-free.

The team behind Leodex is trying to make it even better and they have added a lot of features in the last couple of weeks. But I believe that this is just the beginning since their road map is for the long term in which they are trying to make Leodex a place where we can trade and swap a lot of coins on multiple networks as well as we also have the option to provide liquidity to earn reward on your crypto holding. We don't need to creep our crypto into the exchange because it is a decentralised exchange so we always have control of our crypto and this is one of the best parts.

What LeoDeX Offers-

There are a few functionalities and options that are available only on Leodex. For example, there will be no affiliate fees if the swap is done for a value under $150 which means we can make any number of sweeps within this threshold as much as we want. This is very good for small traders as they do need not to pay any fee and it's like free trading for them which is fantastic. Even when the amount goes beyond $150 then this affiliate fee is quite reasonable which is just 0.45% and this fee is also used to buy Leo tokens.

src

They have also introduced a volume-based airdrop system which will work based on the tier we earn according to the trading volume. More details can be checked on the website but it looks exciting because they are trying to reward the users who are using the exchange more and based on their activities they will be rewarded.

They already have a pool for additional incentives where one can deposit the token and earn a reward and this pool is called LEO-CACAO. I believe that it is a fantastic opportunity for us to be part of and earn some fantastic rewards by depositing crypto which is like a good passive income option.

Thank you

Posted Using InLeo Alpha