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wLEO from a LEO Investor's Point of View

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Direct from the desk of Dane Williams.



Well then. I get caught up with life away from my desk for one day and return to a MASSIVE announcement from the LeoFinance team, introducing Wrapped LEO.

I encourage you to click the link above and read what @khaleelkazi and the @steem.leo team have to say about both the wLEO and wHIVE tokens. I'll then go on and wrap things up from a LEO investor's viewpoint below.

What is Wrapped Hive (wHIVE) and Wrapped Leo (wLEO)?

wHIVE and wLEO are ERC20 tokens created on the Ethereum blockchain.

While HIVE and LEO tokens live on the HIVE blockchain, wHIVE and wLEO instead live on the Ethereum blockchain.

These wrapped tokens are equal in value to the HIVE tokens, but what they do is allow you to interact with the range of popular Ethereum-based apps that would otherwise be out of reach if we were pigeonholed to Hive.

With the price of the Ethereum token wLEO pegged to the price of the HIVE token LEO, this means you're able to stay invested in HIVE but still access the advantages of using the Ethereum network.

For an in-depth explanation on wHIVE, check out the complete guide to Wrapped HIVE on LeoPedia.

What wLEO Means for the LEO Token?

Unless you've been living under a rock, you'd have heard of the multi-billion dollar DeFi industry and the home of DeFi right now is on the Ethereum blockchain.

By wrapping LEO into an ERC20 token that can be traded on the Ethereum blockchain, LEO has instantly opened itself up to DEMAND that we could soon see flow in as buy-pressure.

We've already seen the price of LEO pump today, just take a look at the LEO chart on LeoDex below.

HIVE/LEO Daily:

But I assure you that we ain't seen nothing yet.

Once wLEO finds liquidity and starts trading across a number of other exchanges thanks to now being an ERC20 token, demand for an illiquid token such as LEO could see us potentially go parabolic.

From today's announcement:

Our dream of having LEO listed on external exchanges like Uniswap (DEXs) and also Bittrex, Binance, Huobi and others is closer than ever. As an ERC20, wLEO can be listed on any pretty much any major crypto exchange out there.

The first step is getting this Uniswap gateway funded and utilised. From there, we'll take our platform to greater heights with the new interface and onboarding programs and from there, we'll take this community to the moon as we contact major exchanges and ask for a wLEO listing.

Just stop and let the magnitude of this for not only LEO, but also HIVE, sink in.

Having previously spoken about what gives the LEO token value outside of pure speculation, a healthy wLEO token will allow more people to easily buy and get involved in that aspect of the LeoFinance community.

I don't know about you, but this LEO investor is excited about the possibilities here.

Best of probabilities to you,

Dane.



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Posted Using LeoFinance