LeoDex is becoming an important pillar of the Leo ecosystem.
While the DEX has not taken off in terms of the volume, there is a hidden component that is worthy of attention.
This is a bridge to the outside world. Bascially, LEO, HBD and HIVE are non-existent to the overwhelming majority of the crypto world. These are nothing burgers. Few hold it let alone even heard of it.
What this means is diffiiculty in establishing commerce. The target audience is miniscule when dealing with only those who have access to the coins.
Here is where LeoDex enters.
LeoDex As An Epicenter of Leo
By offering a bridge to the outside world, Leo expands its target audience to include most of crypto. For those unfamiliar with LeoDex, lets go through some of the basics.
This is an exchange that is tied to the Maya Protocol. That is a decentralized ecosystem that offers multi-chain token swapping. LeoDex, through the LEO/CACAO pool, is able to tap into all the coins and tokens that are offered on Maya.
The tokens listed above no longer are the limit. For commercial purposes, such as Leo Premium, people can pay with whatever coin or token they desire, as long as Maya supports it. Due to upcoming enhancements, the ability to make payment on the Leo UI will be seamless.
People will be able to pay in USDC, as an example, which will ultimately be swapped into the proper tokens. For Premium membership, this is split into LEO/CACAO.
Anoter feature is the subscription service. Here we see payouts to the content creator in the form of HBD. Again, the ability to pay for this in a variety of tokens is crucial. The process is the same: LeoDex converts the tokens into HBD and remits it to the content creator.
Building The Pillars
What often get overlooked is the pillars required for a successful platform.
We all want things to happen instantly. The problem with that is the "flash in the pan" scenario. Often, platforms will succeed quickly, only to realize they lack the ability to retain users. This is often tied to features, or a lack thereof.
One of the distinguishing aspects of Web 3.0 is the financial component. That is where a Web 2.0 application faces difficulty. With Web 3.0, the entire crypto spectrum could be open. This adds another layer of monetization that is often not available to start ups.
LeoDex provides this for Leo. This allows for seamless integration, regardless of what crypto people want to interact with. Anyone who is in business understands that 10 payment options are often better than 3.
Building pillars takes time. It is something that is counter to the get rich quick mentality that so many have. However, when building a successful platform, these pillars are vital for retention.
LeoDex is one component that is being leveraged to expand the reach of the Leo. It is something that will go unnoticed to newcomers yet is vital for back end activity.
Ultimately, we are going to see most of the traffic through there being automated. This will really grow in value as AI agents start to emerge.
Posted Using InLeo Alpha