At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs.
By Godfrey Benjamin
Updated
3 mins read
The Singaporean cryptocurrency exchange Cointiger will list LEOS token, the utility digital asset of the Leonicorn Swap ecosystem. As unveiled in a Press Release shared with Coinspeaker, the Cointiger listing complements the prior listing of the token on PancakeSwap decentralized exchange, marking a new milestone in the project’s roadmap.
The listing of $LEOS on Cointiger will help expand the accessibility of the token to a diverse crypto-savvy population in Asia as customers will be able to access a fiat on and off-ramp for the token.
The Leonicorn ecosystem is a multifunctional and all-in-one platform that offers an Automated Market Maker (AMM) exchange as its unique value proposition. The exchange is built on the Binance Smart Chain (BSC) network, offering a blend of high transaction speed at a very cheap cost. The Leonicorn exchange particularly sought to upturn the lapses in both centralized (CeFi) and decentralized finance (DeFi) ecosystems respectively.
In solving the deficiencies of CeFi, Leonicorn Swap looks to address the “security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators,” as noted in the shared press release.
On the other hand, the DeFi limitations bordering on the lack of scalability and the network congestion of ecosystems built on the Ethereum blockchain that largely always result in expensive or overcharged transaction fees. Leonicorn Swap is built with user-friendly features that can easily be adapted by both veteran traders, and those new to the ecosystem entirely.
Beyond the traditional offerings, the Leonicorn ecosystem also aims to metamorphose into an Initial Decentralized Offering (IDO) as well as an Initial Farming Offering (IFO) platform respectively. The unique target of the ecosystem is to serve as a one-stop shop for anything DeFi, with plans to infuse a Non-Fungible Token (NFT) marketplace in due time.
At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs.
The LEOS token has superior tokenomics with sustainability at the core of its existence. The token is designed with deflationary properties, a feature that will induce scarcity and contribute to the inherent value of the token over time.
As a relatively new token, the team behind the Leonicorn Swap platform desires to foster broad accessibility of the asset, stirring its push to be listed on Cointiger. The team has also nurtured the plans to take the token into additional centralized exchanges in the coming months per its road map.
The Leonicorn Swap platform was founded by Mofassair Hossain who doubles as its Chief Executive Officer. Along with his teammates, Hossain has designed the Leonicorn Swap and the LEOS token as new ways to showcase the superior capabilities of the BSC network and how it can be harnessed to power a broad range of functional ecosystems.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
