What makes Leodex the swiss army knife of the leofinance ? LEO&HODL Contest
If you are reading this on Leofinance.io chances are that your interest in investment,finance or crypto got you here. That means you are giving yourself the opportunity to blog and earn on leofinance.io , Hive and on one of many communities.
The earning you generate may be traded or exchanged using leodex.io.
What is leodex
To start with it is the leo's decentralized exchange built to help trade, hold and exchange the numerous layer 2 token that exist on the hive blockchain.
How to login to leodex.io ?
Visit leodex.io in the browser you use and once it loads up click the login button on the top right of the page.
Login with your Hive username
If you have the hive keychain installed the you can click the green login button on the above popup after entering your hive user name.
This brings up the hive keychain window to enter your password.
Entering your password and going unlocking your interface helps you login to the leodex interface.
You can use the hive keychain that manages your keys to help you login and access leodex.io interface.
If you have hive keychain installed it pops up automatically to help you enter your password.Follow the unlock keychain and use the sign feature in the next step to login to the leodex.io interface.
Or alternatively you could use the hive signer to enter your username and the private key to get to the leodex dashboard interface.
once there you can carry out the trade you want to.
What makes leodex standout from competition ?
Talking about competition leodex has plenty as it is not the only
dex operating on Hive.
Prior to this there was the Hive-engine and along the way came dcity's Beeswap and Tribaldex.io
However what gets leodex a few extra brownie points and makes it a favorite of the users is its intuitive and easy to use interface.
The Deposit and Withdraw buttons are easy to locate and the orange buttons prominently stand out on a black background
At no stage you have go to your wallet to check your leo balance it is displayed right there for you to know your trading limits.
The moment you click the deposit or withdraw
Both the deposit and withdraw fee is clearly stated as 0.25% on the two interfaces.
One also gets to check liquidity so that you are not stuck in an il-liquid trade.
Two types of trades supported
- Market and
- Limit orders
If you are in a hurry you can buy your sell your crypto using the market order button.
If you the one who wants to study and then trade you can use the limit order button.
It lets you feel the pulse of the market before you trade
Watching the candle sticks, viewing the market depth and having a look at the volumes before they trade are indispensable tools to many.
To make life of a trader easy leodex offers them all at the click of a button.
Deposit your crypto and keep it there
One may wonder why one would even consider to do something like this?
At all times depositing my crypto and keeping it there saves me a lot of time. So when I have to execute a trade I can do it in a jiffy and I do not miss out on emerging / changing trend.
Leodex being a dex the funds in my account are always under the control of my keys and not at any point getting deposited to a CEX or a centralized account.
The ads are minimal
So they do not distract one while carrying out trades.also a part of the fee is getting burnt(my understanding it is the fee you pay while depositing the tokens) in addition to the ad revenue that gets generated. This way I am doing my bit to boost the leo economy and so the more deposits I make and the longer I use the platform more ad revenue gets generated to burn more tokens thus supporting the leo token price.
Rich list is very useful
Under the https://leodex.io/wallet section against each token name the last orange button gives you access to the rich list.
for example looking at the leo rich list for leo
This gives a see of information as to who has how much holding, staked amount , looking at the content they create , curate , vote and support gives invaluable insights as to the direction in which the platform is going.
This feature is functional not just for leo token and leofinance.io but for the entire list of tokens that are there so one may know what are the best tokens to invest.
Maximizing the use of wallet is easy
There are 7 things you can do from withing your wallet here.
While you are at the wallet spare a thought as to what you want to do with the tokens
from here you can
1 send
2 Access token market
3 Stake
4 Unstake
5 Delegate tokens
6 View the token history
7 Access the rich list
Putting your idle tokes to staking or delegating to earn a passive income is worth considering while you are here.
Pro tip:
Delegating to the hodl community and the @leo.voter account your hive power is a good way to earn passive crypto income.
Leodex makes trend spotting easy
Trading is neither easy nor every ones cup of tea. That being said if one knows what tokens are experience a breakout in terms of volume or price it can be in valuable info.
right from the dashboard you can sort the trading pairs by volume or price action. you can make this selection by clicking the respective buttons as shown below.
Claim all the token rewards from under the rewards section
This is another of my favorite section.
Clicking on the tick mark button next to a token one can claim any unclaimed rewards.
Set a vote multiplier
This is a very useful tool which is not known to many
By clicking this button a menu pops up
This is a useful tool for those who have staked their tokens and if you have a sizable stake you can control how much of a vote you want to give out.
This can be adjusted for each token you have and have staked it.
You current vote weight multiplier is 1.
You may usually want a multiplier > 1. For instance, if only 1/3 of posts you vote is using LEO, you may want to set the multiplier to 3.
Why I use these products on leofinance platform ?
Leofinance gives me and so many people to research and create useful content and in the process earn some cool crypto tokens. Tools like leodex.io and so many dapps built on the platform help multiply the crypto and help manage it better making it a self sufficient platform that fulfills almost all the users needs making it the platform of choice.
I invite @itsme9001 @alz190 @twistytango to be part of this wonderful contest.
Concluding thoughs
Leodex tends to grow over you as it is both intuitive and easy to use and the developer team behind it keeps adding more features based on community feedback and the need of its users.
Hope this post helps you use the resources offered on leodex.io and helps you grow your crypto multi folds over time.
Posted Using LeoFinance Beta
Great one! LeoDEX has become my favorite exchange and I access it daily for my buying needs.
All the best to you. You covered LeoDEX so well and emphasized its features.
Posted Using LeoFinance Beta
Thanks @ifarmgirl-leo your words of encouragement mean a lot
I believer leodex.io keeps growing on you and with so many features why go anywhere else.
Thanks for the wishes I wish you the same.
Posted Using LeoFinance Beta
With LeoFinance being known and proven as builders, we can only expect that LeoDEX might come with some new features in the future.
You're very welcome and all the best to you too.
Posted Using LeoFinance Beta
Awesome entry, you really explained everything well.
If you delegate, you can also undelegate so there are actually 8 things that can be done, assuming you have delegated.
Have a cracking weekend :)
Posted Using LeoFinance Beta
Awesome 👌
I wish I could go back in time to collect all the 0.50% extra I spent on Hive Engine 🤧🤧
Studying Leodex will definitely make one appreciate it more and more...
Did you search through the rich list for your name??? I couldn't find my name 🤧🤧🤧
Lovely piece you've written, I enjoyed reading through it
Posted Using LeoFinance Beta
Hi Buddy !
I guess just one of the many things we wish we could change about the past ;)
Na buddy I am no where on the list. Let us keep working at it and maybe one day we would make to the rich list.
Thanks for stopping by take care.
Posted Using LeoFinance Beta
https://twitter.com/Taur19/status/1578760291239997441
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