Hello Friends,
Good day to you. I hope the day is going well for you and it's going well for me too. Its Monday and the new week has already started.
A lot is happening in Leoverse and this is good because what Leo's team is doing is so good. They are trying to add more value to this platform and I believe that accessibility for Hive is also going to be super easy. Currently, HIVE is listed on some centralised exchanges and these types of exchanges are also called CeX. The world is moving towards decentralisation but certainly calls for a need in which hive should be listed. What I'm trying to say is that the high token should be listed on some decentralised exchange so that we don't have to rely on any centralised entity. This year Binance has been blocked in India so if anyone has the fund in an exchange wallet it is very difficult to get those funds back.
Self-custody is recommended when we go with self-custody of our crypto coins so we also need to have an unknown custodial wallet. With non-custodial wallets, we can transact on decentralised exchanges where KYC is not required and that is where now hive will have its place. The decent life exchanges are called DeX. Many users are using centralised exchanges and they are comfortable with the problem because many comments are not supporting those exchanges due to some regulations issues so it can be a problem. Most of the layer one coins are available on decentralised exchanges for example Bitcoin or Ethereum etc. Having five and Leo tokens on such exchanges will be an upgrade value addition and will give us more power to transact even when we are not using decentralised exchange entities.
I was checking out the price for Leo token in the market and undoubtedly the price is doing well. Leo token has been doing good in the market after the announcement of this listing on decentralised exchange. The Leo team has collaborated with Maya Protocol and through these, they are trying to make it happen which I think is a good move and will help a lot.
We are adding Hive and Leo on the same playground where layer one coins are available. It looks like Leo is still undervalued and of course hive coin is so both the coins are valuable but available at lower prices. I'm new in this ecosystem but still trying to have some skin in the game and my journey leo has been one of the strong pillars because this is where I learnt a lot about Crypto and Web 3.
Leo team also run a monthly campaign called Leo Power Up Day and I have participated in this programme in the past. I'm happy to tell you that I will be participating in this month's leo Power Update event and we'll try to power up as much as possible. It's not going to be a huge amount but I think participation is more important and I'll be doing this.
Conclusion
The way Leo's team is working can be adding more value to the entire platform and this Web 3 ecosystem so we need to understand and identify the opportunity. It is an opportunity and I figured it out so I am trying to have some HP and LP available in my wallet and I own all my assets which is another good thing. Before joining this platform or I can say before getting active since last year I was not at all aware that such things also exist in the world. This platform is so advanced technologically and it is the time when more people need to learn and understand about such a platform and become part of it.
Thanks for stopping by
Posted Using InLeo Alpha
