Land of Leo: My First LeoDex Transaction!?
Since announcing I was powering "down and out" on the Steem blockchain, I have had to consider what to do with the resulting discretionary funds.
Source: LeoPedia's "LeoDex – Trade & Manage Hive-Based Tokens" page
Since beginning my "journey" on the Steem blockchain in May 2018, this is not something I have had to spend any time thinking about it. Understanding early on that all "good soldiers" only power up and never down, I never did.
Until now ...
So, aside from the obvious option of simply exchanging the STEEM for HIVE and powering it all back up, I had given some thought to further exploring some of the other tokens of which I knew something about.
After some "back and forth" in my mind, I decided the best option seemed to be "kill two birds with one stone:"
- Buy some more of the best performing token I owned - LEO!
- Use their LeoDex interface to do it!
This post covers my experience with attempting to do just that earlier this morning.
Meeting LeoFinance "Half Way" ...
The first decision was in how much new LEO was I going to invest? Initially, I liked the idea of "doubling down" and meeting the LeoFinance Team "half way" and buy as much as they had originally airdropped into my Steem Engine wallet.
One small problem. Neither transaction history in Hive Engine or LeoDex showed the history going back to the airdrop!? 😕
I even "went the extra mile" and tried Steem Engine, since that is where the original transactions would have been stored. Nope, there were no LEO transactions in there to check ... 🙁
Ahh well, moving on then ...
Executing ...
With my "half way / doubling down" thought out the window, I was running out of time and just decided to be "generous" and "double down" on the current balance. Maybe even "round up" to an even 2,000 LEO!
Okay, so time to execute. First, I needed to get some SWAP.HIVE in my wallet, so I could trade in the Market for some LEO.
While the initial plan was to utilize LeoDex for the entire process of investing in some more LEO tokens, I am "hard wired" to perform some due diligence, so I had to check into the fees for executing my conversion to SWAP.HIVE in both Hive Engine and LeoDex:
Source Image 2: Deposit dialog in LeoDex
As we can see, 0.25% for LeoDex vs. 1% for Hive Engine. Nice!
- Note: This difference applies for Withdrawals, as well as Deposits.
Okay, so I was ready with my conversion to 200 SWAP.HIVE and clicked on the "Deposit Hive" button. After taking care of another matter for a bit, I came back expecting to find the 200 SWAP.HIVE deposited in my LeoDex wallet. Then I could go on to trading for LEO.
It wasn't there ... What? 😳
Okay, it wasn't like this amount of HIVE was a "make or break" proposition for me, but I instantly thought something was wrong. All previous experiences with transactions on both the Steem and Hive blockchains were they execute very fast!
But, not this time. And ... There was no indication of what happened!?
It was in checking my PeakD wallet, that I found the answer:
Great ...
- Good news: I didn't lose anything.
- Bad News: I had no information provided, as to why I received a "refund" when I had not requested one.
If there is any clear indication somewhere about why this happened, I did not find it. The first thing I did, in attempting to found out what happened, was go back to LeoPedia's "LeoDex – Trade & Manage Hive-Based Tokens" page and read through it more carefully. I found nothing helpful.
I still don't know the answer for certain. But ... Those of my dear readers who are sharp-eyed will note there is a "1" in the image above, for which I have made no reference up to now. On clicking that hyperlink, I found this:
Source: @leodex's wallet in LeoFinance.io
Hmmm. A little short of the 200 needed. 🙃 I checked back a couple of hours later and this value was down to ~ 6 SWAP.HIVE ... Going to be hard to do any trading, when this is the balance of SWAP.HIVE tokens available.
What is normal / typical? Did I just manage to try LeoDex out on a "bad day?" I do not know ...
What I do know, for next time, is to click on that hyperlink and check first! 🙄
Before retiring from a long and successful professional career, I was very disciplined in applying the "do whatever it takes" mentality which set me apart from many. Faced with this "setback," I actually started into going ahead with seeing if I could just purchase the needed SWAP.HIVE in Hive Engine.
And stopped ...
I frankly I don't the time right now to "plow through" whatever remaining (if any ...) difficulties there might be, as I am way past needing to get on with my day. Besides, since the initial thought and inspiration was to support the LeoFinance team and community, pursuing that option seemed counterproductive ...
Closing
Okay, so frankly I wanted to be more impressed with this first experience than I am. Still, we all have to be realistic in these new "virtual worlds" and understand they are a continuous "work in progress."
When I next have the time, I will build on my knowledge base of this first experience and try again. I’d love to hear any feedback you may be inspired to provide.
Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain!
Respectfully,
LeoFinance Blogger @roleerob
P.S. While I found the LeoFinance.io posting interface too big of a "step backward" to write this post from scratch in it, I did attempt to publish it from there. I got this error message:
Source: Posting interface in LeoFinance.io
I have seen this before, when attempting to post from the Natural Medicine Community's website. Whoever the developer was there may be working on the LeoFinance.io interface? In PeakD, there is obviously no problem ...
If someone wishes to contact me about the details, I will be happy to work with them to get it resolved.
Written using PeakD, posted using LeoFinance and “immutably enshrined” in the Hive blockchain on Thursday, 2 July 2020!
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