Leodex Monthly Burn Report | Over 10x Growth In Fees Burned This Month!

in SteemLeolast year

steemleo dex burn report.png

Last month we announced that all tokens listed on the Leodex would share in a pool generated by the fees collected by the @leodex STEEM==>STEEMP gateway. The community response to this implementation was fantastic and the number of listed tokens has grown by a factor of 50% (from 8 listed tokens to 12 listed tokens) since that report.

As we also predicted, the usage of @leodex has grown immensely alongside it. Although, we didn't expect this high of growth in such a short period of time.

When we first launched the gateway to deposit/withdraw STEEMP, it didn't get that much traction. That's to be expected as many people still haven't even heard of https://dex.steemleo.com. The fees for the first month of operation were 32.739 STEEM.

The fees collected this month.... 345.797 STEEM. A 1000% increase! Looks like community members in various listed tokens have taken a liking to the fact that the fees from their transfers are benefiting their hodlings.

Total LeoDex Fees Collected This Month = 345.797 STEEM

Listed TokensFee Distribution (STEEM)PriceTokens BurnedTXID
LEO34.58.18898182.981 LEO8d483858eb554fef5777f6846d26a6d1a91f0096
LIFESTYLE34.58.013457.970 LIFESTYLE928b033b50115ffea85eb2b8b4b5954a31fd3c4e
CTP34.58.035987.991 CTPa797d8dc02f96c32ceed2e29c4bc379ca75f2a02
LOTUS34.58.1345.797 LOTUS3924118cf92738ffcc07462e57bb4a2efe779072
SAND34.58.09384.219 SAND207dc084faf815f9a0fd2cd3872f2f035d55461b
NEOXAG34.58.019991729.850 NEOXAG1f62a54cdb3766d16c331ca28ce2cea3e43950f3
SPI34.58134.580 SPIbd1d6f32cb7582a9fbc3681e19bda5b74b107956
BUILD34.58.022761519 BUILD6eea6b5956446e3c2f08061edf24ebcf8a2b3248
PORN34.58.0165892084.371 PORNb42faf0cc8dd2dd70d3e64b697c911ca71258d32
TPU34.581.259827.444 TPU56ac5360335dbacc5cc10319c73f0db6a19a8aec

*recently listed. Will be included in next month's burn report

It's a Good Time to Be Listed on LeoDex!

Some users have said that we should increase the listing fee over time. (currently 2,000 LEO sent to @null). We haven't yet decided on this, but we may implement some sort of fee increase periodically. We'll announce it before any official changes are made. If you have any thoughts or suggestions on this, feel free to drop a comment below.

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.

Future Perks For Listed Tokens?


steemleo black token divider.png

all of our LEO author/curation rewards on this post are permanently burned from the token supply

#steemleo - A Next-Generation Community for Investors


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Posted via Steemleo | A Decentralized Community for Investors


That’s some pretty sweet growth especially considering the almighty BTC has been on a downward trend! This community really is into supporting crypto and trying new things regardless and why I think it’s such a great place to launch a project

Great that this new sink is getting traction makes me more keen to hold on to the LEO I keep earning

glad to hear it!

yeah we are making some progress. This is just the start too. Leodex is only 2 months old. V3 is going to change the game.

Posted via Steemleo | A Decentralized Community for Investors

That project is looking very nice, hope it goes well for the LEO community.

It's doing well so far. Hopefully we continue this trend :)

Posted via Steemleo | A Decentralized Community for Investors

Really nice progression! 1000x is not a small growth! What about the ad revenue, are you guys still using a portion to burn LEO?

Posted via Steemleo | A Decentralized Community for Investors

Not bad for a month's work :)

Yeah the ad revenue generated by steemleo.com and dex.steemleo is used for 100% burns of LEO.

Posted via Steemleo | A Decentralized Community for Investors

Looking good Steem Leo!

Posted via Steemleo | A Decentralized Community for Investors


Posted via Steemleo | A Decentralized Community for Investors

This is Epic

Yeee-haaaaaaaaaaa!, that's 35 SPI tokens gone. Great report and thanks for sharing.

Posted via Steemleo | A Decentralized Community for Investors

35 off the market and into the burn bin!

Posted via Steemleo | A Decentralized Community for Investors

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Posted via Steemleo | A Decentralized Community for Investors

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