Token Utility

• In many cryptocurrency token white papers, the development team paints a picture of a future, a future in which the token has utility, and this utility creates value.
• Every investment made in a new cryptocurrency project involves marketing, hype, celebrities and other things meant to take the place of actual utility as a reason for a tokens value.
• The great thing about the present, for people joining Leofinance now is that utility exists now!
• Which means value exists now.
• One utility is the multi-token bridge.

Multi-Token Bridge (MTB).

• The MTB allows cryptocurrency tokens to move in between the three most important blockchains in the multibillion dollar intersection of technology and finance called decentralized finance.
• Yes, Leo is a Utility token on the Multi token bridge. It is used like other bridges to move the value of tokens between Polygon and Ethereum, and both of them and BNB Smart Chain (BSC).
• These three blockchains are home to over 80% of the total value of an 100 billion dollar financial system called defi for short, or decentralized finance. - The blockchain in-between these three blockchains is the Hive blockchain.

Usage

• The next question of course is: Does anyone use it?
• Yes, in fact it is so successful, that the funds are used to buy back and burn nearly 8 million Cub tokens per month.
• One can only wonder what effect it would have to pay this income to Leo token holders as Leo Power.
• Hmmmm

@shortsegments

About @shortsegments

Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance for over four years.

Leofinance, where you can write long articles or short tweets called Threads about any topic and join a passionate social media community.

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