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Is getting into LEO similar to getting into BTC at $1? by thetimetravelerz

View this thread on: hive.blogpeakd.comecency.com
· @thetimetravelerz ·
$10.62
Is getting into LEO similar to getting into BTC at $1?

![Is leo giving the same opportunity that BTC once did.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23tbRmYmSny5evP3XR5n8XEUKWN1MoJgYHSx5zxpXb6QMSCANCJBWq2D3E7sxFsY8fyKo.jpg)
[source](https://pixabay.com/illustrations/bitcoin-cryptocurrency-crypto-8683839/)

Today BTC stands proudly at $BTC and everyone knows and talks about Bitcoin as the king of crypto. 
Now BTC is a well known asset however that was not always the case.
In the beginning or shall we say the early days bitcoin was more of an ideology that sought adoption to survive. It was not so mainstream back then.
Instead it was a concept in the domain of nerds and the geeks.
If one traces the historic data  there was a time when BTC was at $1 and that was many years ago.
The road to progress was interesting yet it was full of ups and downs. 
Users back then had to run a full node in the name of a wallet which was actually quite good because it imparted decentralization to the entire network.
With each full node being active it meant more stability for the blockchain and it also meant it was living up to the exception that no one, not even the government of a country could shut down the blockchain.

## That was the era of freedom and decentralization
As long as BTC was a few cents it was pretty much the only crypto that mattered and a lot of users traded their BTC via P2P trades.
Since the value of BTC was low the stakes were lower too. For the governments BTC was not a threat as it was an asset that did not have a significant market cap.

## Today things are different
Crypto laws are being put into place and trading has evolved too. There are centralized exchanges which need a user to create an account. Share their email, identity and disclose their location.
Then there is the necessary KYC (know your customer) procedure which requires a user to furnish his identification documents, address proof and also do a live in app verification.

This would be an option only if you are in a country where you are allowed to buy, sell and hold crypto as per the government rules.

The other route is going the DEX way. 
When I think of DEX one thinks of Leodex.io. Leodex as a decentralized exchange lets you trade your crypto without having to go through the KYC route.

Leodex is a self custodial exchange where you do not have to deposit your crypto to the exchange.Your funds stay in your wallet at all times and the only time they leave your wallet is when you carry out a sway on leodex.
The asset to be swapped is sent out and the corresponding swapped asset is sent to your wallet address.

## Hive had little exposure on exchanges
With very few exchanges listing hive the possibility for users to buy hive is limited. Binance is the exchange which gets the maximum trade for hive.
A DEX listing for hive could do wonders for the hive blockchain and this is where leodex comes in.
## LEODEX is the DEX that hive users need
LeoDex would allow anyone on the hive chain trade their crypto to L1 coins like Bitcoin, ethereum etc without having to send funds to a centralized exchange or do a KYC
The Leodex functionality hinges on the listing of leo token on to maya.
This facilitates amazing path breaking possibilities such as

Swap $BTC -> $HIVE or HIVE -> BTC 
Swap $RUNE -> $HIVE or HIVE -> RUNE  

Plus there would be many other pairs. 


## Final thoughts 
Bitcoin is doing great as an asset however $LEO is opening up enormous possibilities to grow and diversify the crypto portfolio.
While the high network fee of BTC and the KYC requirements of getting it on a CEX or demographic restrictions may keep many out of the ETF opportunity. 
LEO & Leodex are opening the doors of opportunity for one and all to own, trade and grow with crypto.




Posted Using [InLeo Alpha](https://inleo.io/@thetimetravelerz/is-getting-into-leo-similar-to-getting-into-btc-at-1)
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vote details (196)
@skiptvads ·
I think most will get confuse with the tittle because they would expecting 1000% increase in price but in concept yes I think it is, not that LEO will get to $70k but I dont think why not $1, thats almost 10x from current price, in concept because its just the first time is listed on an Exchange out side of Hive if Im not mistaken so now it will have way more exposure to users out of Hive, Im just trying to generate as much as I can and stack it for a while ✌️
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@tengolotodo.leo ·
BTC at 70k is 70k x from that $1, well that would have LEO at 10.5k!
That would be sensational but ...

Extremely unlikely to happen but you never know.
What it has done is bring amazing exposure to people outside of Hive to an otherwise stagnant Hive ecosystem. We have an in for those people through LeoDex but we need a smooth UI experience when they get onto Inleo and hence the Hive ecosystem. People are fickle and want things right the first time.
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