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Exchanges are on the Look-out for LEO token: How would this affect the LEO Economy?

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creativevoice
@uyobong
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It was amazing reading this post by @cryptex24 opening up a conversation on their plans to list LEO token in their exchange. While discussions are still on the way to solidify the deal, it is important that I put you reading this blog on the know to guide your decisions as per investing in LEO tokens.

I started being active on the LeoFinance ecosystem about one month ago and the experience is nothing short of amazing. I have personally discovered that the community mothers all other communities on hive as it accommodates all discussions that relate with cryptocurrency investments and finances. You would agree with me that finances is the core concern of blockchain technology and cryptocurrency.

Seeing projects that want to collaborate with LeoFinance would be link to the growth of the community amidst the terrific developments that are created to better the entire Hive ecosystem. From https://leopedia.io/ which offers cryptocurrency and blockchain education to https://hivestats.io/ which would be a hub for curators and investors and the grand #leoshop which would serve as marketplace to attach tangible value to HIVE and Hive-engine tokens; LeoFinance distinguishes itself as "a community of communities" and its token "LEO as a token of tokens".

Cryptex24 is an emerging cryptocurrency exchange which seeks to change the narratives of conventional exchanges by going for "young coins" that have great prospects for growth. The exchange seeks to suspend the cryptocurrency listing bottlenecks which characterizes popular exchanges to allow emerging tokens with potentials for utility and growth to express itself against giant cryptos like Bitcoin.

Solid features of Cryptex24 which is not common among the existing exchanges is the the presence of a referral program which promises 25 - 50% as referral commissions, in addition to low exchange transaction charges.

Already, Cryptex24 has listed HIVE and BEER (Hive-engine token) to trade against Bitcoin. This has already kept BEER at 0.000013 BTC. The promise to list LEO token comes with a tetrapartite pairs to include:

  • BTC \ LEO

  • USDT \ LEO

  • UAHG \ LEO - which is Ukrainian local currency

  • C24 \ LEO - internal exchange token

How would this listing affect the LEO Economy?

Whenever a cryptocurrency is listed in a new exchange, depending on the deposit operandis, huge deposit volumes could trigger the token demand and that certainly means a hike in the market price. As at the time of penning this post, LEO has a balanced trade at 0.15 HIVE. Naturally, this price cannot stay for the next two days as there's likely going to be a burn-buy of tokens by the community from Ad revenue.

Imagine having like a 100,000 LEO tokens to push into Cryptex24, it would certainly lead to a price offshoot to close to 0.4 HIVE. These are not technical predictions, rather my personal muse. But hopefully, LEO can't be purchased at this very price if it successfully gets listed and its deposit in the new exchange incentivised.

It would be cool to start earning LEO now by publishing an original and quality cryptocurrency and finance content on https://leofinance.io/ or head to the LEO market to purchase some tokens.

We hope for the best!

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