How to Turn $LEO into $RUNE by nealmcspadden

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hive-167922 · @nealmcspadden · Oct 10 '20 (edited)

$7.10

How to Turn $LEO into $RUNE

https://youtu.be/sJZTtBfNW2Q

So you may have heard that the first LEO bounties for providing liquidity in the wLEO pool was paid out the other day. It's awesome. I park money and get paid!

I have a lot of LEO though, and I wanted to diversify a little bit into one of my moon shots: $RUNE

Now there are a couple RUNE pairs on Uniswap, but I don't know enough to research whether they are legit or not. So yeah, I went to a centralized exchange in binance.

So the steps I go through in this video were:
LEO -> wLEO (paid gas)
wLEO -> ETH through Uniswap (paid gas) 
ETH -> Binance ETH (paid gas)
Binance ETH -> Binance BTC (small trading fee)
Binance BTC -> Binance RUNE (small trading fee)

Overall I paid about 5 bucks in fees I think and it took about 15 minutes. Not too bad, but there's definitely room for improvement. I know @trumpman is pushing for a RUNE/LEO pair, which would simplify this quite a bit.

This same process can be used to turn $LEO (a layer-2 HIVE token) into just about any other crypto asset.

![credit: @mariosfame](https://images.hive.blog/p/x7L2VSNEiyAB5Ux7nxKmLo6yLyEJT6Jt5yhNCUpGN4bMzEpnzKDBygSroJRnrqzYNkQMWArxM8GwrdT?format=match&mode=fit)

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👍 buildawhale, leo.voter, taskmaster4450, themarkymark, msp-mods, msp-waves, themightyvolcano, onetin84, resiliencia, nathanmars, therealwolf, ctime, edicted, mattclarke, michealb, daveks, foxon, gidlark, recoveryinc, flauwy, dalz, mmmmkkkk311, smartsteem, pastzam, smartvote, enforcer48, ninnu, markkujantunen, cadawg, tangmo, behiver, joetunex, roomservice, deathwing, onealfa, payroll, stevelivingston, giftgiver, artistsrising, sn0n, taskmaster4450le, torrey.blog, scaredycatguide, makerhacks, voter001, leofinance, mehmetfix, lalupita, mcoinz79, mariosfame, tandara, paasz, pixelfan, mitchelljaworski, tombstone, eirik, beemd, pandaparker, globalcurrencies, engrsayful, gadrian, shtup, priyanarc, thunkgaria, and 73 others

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@behiver · Oct 12 '20

Great tutorial and another opportunity to evaluate. Thanks for sharing and simple proofing it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@behiver/re-nealmcspadden-3b5ady)

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@eirik · Oct 10 '20 (edited)

It would be cool to see RUNE on Hive-Engine or on @swap.app!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@eirik/re-nealmcspadden-4jkf7a)

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@jk6276 · Oct 10 '20

The rune on uniswap is definitely fake. There is no official erc20 rune token. Centralised exchanges, or binance dex, or bepswap once you get to bnb or busd are the way to go. Don't touch rune on uniswap its a scam.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@jk6276/re-nealmcspadden-ve5te)

👍 oakshieldholding

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@oldtimer · Oct 10 '20

Where do you keep your RUNE?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@oldtimer/re-nealmcspadden-2h8pgh)

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@scaredycatguide · Oct 10 '20

Sweet!  Thanks for the tutorial, prob the best way for me to get some Rune at the moment.

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