This is my understanding of how the wrapping of coins go with both the Ethereum (ETH) coin and the Binance (BNB) coin.

When you pair (provide even amounts of LEO and another coin i.e., $BNB or $ETH) your liquid LEO token with ETH, BNB, or both; the price of the LEO token is tied to the price of ETH or BNB.

Example:

You would need 2183.24 wleo for each ETH you would want to invest in the pool on Uniswap (current prices, changes a lot). This is called providing liquidity.

With the new bLEO (pairing LEO with the Binance coin (BNB) on the Binance smart chain, you will be able to start with much less. Better for small investors at least for right now. Gas prices are not as steep as Ethereum and BNB is a little over $220 per coin. They must be doing something right. The 24-hour volume is at $5,588,118,341.25 USD as reported by coinmarketcap.com.

Oversimplification, but how I understand it. Maybe someone could give a shorter more easier explanation.

Posted Using LeoFinance ^Beta