In the past, we've mentioned the myriad of benefits that come along with having an ERC20 token. If you don't know, WLEO is the ERC20-equivalent to the LEO token here on Hive.
Users can seamlessly wrap and unwrap LEO into wLEO (and vice versa) in order to trade WLEO on Uniswap and (in the future) interact with other Ethereum-based applications and protocols.
One of the incredible benefits to having an ERC20 is the fact that it is an acceptable token format on nearly every exchange, coin aggregator and tracking app.
Having an ERC20 allows you to get your foot in the door. How you choose to approach these exchanges and aggregators then becomes an interesting problem to solve.
I woke up this morning to my phone blowing up with messages on Discord, Telegram and Twitter. After a few minutes, I realized that Coingecko, Coinpaprika and Coin-Logic all listed us in the middle of the night (in my time zone, anyway). My phone has been blowing up since the listings with new contacts from smaller exchanges wanting to list WLEO, communities wanting to engage with WLEO and people genuinely curious about what the hell WLEO actually is.
All this increased interest is exactly why we pursued WLEO so heavily in the first place. The motto of this entire launch has been to step outside of the Hive ecosystem and shine the light on our project so that we can bring new people into the fold and onboard them onto the platform.
Our application to list WLEO on Coingecko was approved just a few hours ago. You can find our token by heading over there and searching "WLEO"!
A few users like @onalfa have mentioned concerns of the LEO token name - since there is another token by that name in the top 50 crypto market cap list. This issue has been raised several times since the start of the LeoFinance project about 15 months ago. WLEO allows us to disengage from that branding to a degree and show that our token is a different project. Perhaps its a bit of a double-edged sword since some will recognize that name but some may also have a bad impression of what that name carries.
Coingecko has been nice enough to add a notice above the token which differentiates it from the other LEO token on the rankings:
Extra exposure for Hive? ✅
I don't know about you guys, but I'm a compulsive refresher when it comes to crypto prices. I like to track my portfolio and see how the currencies I know and HODL are performing several times a day.
What app do I use to track that? Blockfolio.
What cryptocurrency can I now track? WLEO.
I love being able to see the WLEO price here on Blockfolio amongst my other favorite holdings. It's fun to see it on the list and you can also track your personal holdings of LEO/WLEO.
Keep in mind - this tracks the WLEO price on Uniswap which has proven to be the leader in terms of price action anyways. The HE market place (because of it's inferior liquidity) now tracks the price of WLEO.. which is priced against Ethereum.
So when ETH goes up, WLEO goes up in value (since our Uniswap pair is WLEO-ETH). I'm extremely bullish on Ethereum and ETH-based apps in general so being priced in Ethereum is a dream come true. Being backed in ETH will prove to be an incredible asset in the future - and it's already showing the first inklings of this as our price has risen alongside the rest of DeFi/ETH.
@trumpman suggested that we apply for a listing on Coinpaprika. It's another coin market cap site and a great touch point for new users to find out about WLEO and LeoFinance.
They accepted our application this morning and listed us as "LeoFinance Token (WLEO)".
You might notice the MCAP being "?" on these sites. I'm emailing back and forth with both Coingecko and Coinpaprika to update this figure. The initial listing misses some of the details like circulating supply, which have to be added after the listing is initiated. So.. market cap coming soon.
I'm not intimately familiar with Coin-Logic, but I saw a tweet earlier today that WLEO was listed on there and was excited to check it out.
Their site is a refreshing take on coin market cap rankings and it's great to see WLEO amongst the list. Just another demonstration of the power in being an ERC20 token.
We're now getting the benefits of being on Hive: social features, 3 second tx times, free transactions..
Simultaneously, we're getting the benefits of being on Ethereum: accessibility, liquidity, volume, attention..
There you have it. 4 new places where you can find WLEO / https://leofinance.io and our platform than we had before. The vision that we laid out for WLEO is starting to come more and more into fruition.
The goal of our project is to create a hub for crypto and financial content. To onboard new users and bring people into the fold of web 3.0. Being listed on as many websites, exchanges and apps as possible helps us achieve that goal by continuously bringing in new traffic.
Since the listings, we've also seen a boom in user activity on our WLEO-ETH pair on Uniswap. Liquidity is around its all time high (and growing) at $245,000 USD. The 24 hour volume has hit an all-time high at $21,259 and thus, the fees have also hit an ATH at $63.78 in the last 24 hours.
The Hive-Engine market has also seen a boom in activity. Now that users know they can actively trade on both HE and Uniswap, there are a lot more opportunities to do short-term or long-term trades for a profit. Liquidity is a helluva drug!
Now you see the first phase of our WLEO launch playing out:
Fun times! I hope everyone is enjoying the new reality for LeoFinance. Having this level of liquidity, volume and attention on our project is an amazing feeling. I can't wait to unveil the new release for https://leofinance.io this week where we introduce the first iteration of cross-blockchain accounts.
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