It's been just 18 days since LeoDex v2 was released. In that update, we added the Deposit & Withdraw buttons to the top of the wallet page:
- Deposits (converting STEEM to STEEMP) have a 0.25% fee.
- Withdraws (converting STEEMP to STEEM) have a 0.35% fee.
The original plan was to have the leodex account use the fees collected to burn LEO every month. Instead, we've decided to have the account distribute the fees evenly to each token that has been listed on the SteemLeo DEX by buying their respective token at market price and burning it to @null.
The fees collected in the past two weeks weren't anything outrageous -- 32.739 STEEM collected -- but this is just the start of @leodex. The majority of these fees have been collected in the past few days as users are just realizing that @leodex even exists and offers such low fees for exchanging STEEM and STEEMP.
We expect a sharp increase in the fees collected in the near future and we believe that this is a great way to get other tribes/tokens who have listed on LeoDex to work as a collective to bring more users to the interface and provide a better experience to their userbase/tokenholders.
LeoDex Burn Reports will be published on the 16th of every month (exactly 1 day before the official LEO Burn Report).
|Listed Tokens||Fee Distribution (STEEM)||Price||Tokens Burned||TXID|
How to Use The @leodex Gateway:
Using @leodex to exchange STEEM for STEEMP or vice versa is super simple. Either use the Deposit or Withdraw buttons within your Wallet page on https://dex.steemleo.com or simply send a STEEM (or STEEMP) transfer to @leodex (no memo required).
The current limits are displayed on the site. If your deposit/withdraw is over a few hundred STEEM(P) then someone from the SteemLeo team has to hit a button to confirm the transfer (we usually confirm these manual transfers within 5-10 minutes).
How to List Your Token on LeoDex:
This burn perk applies to all tokens listed on LeoDex both now and in the future. If you'd like to list your token on https://dex.steemleo.com, then just send 2,000 LEO to @null and then contact us on Discord.
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