I use both Hive-Engine and LeoDex because there are somethings LeoDex does better than Hive-Engine and vice versa.
But this post is about why you should be using LeoDex when you want to exchange your HIVE tokens.
Save On Hive Deposits and Withdraws
This is probably the first reason most people think of when they think about why they should be using LeoDex. Hive-Engine charges a 1% fee to deposit and withdraw HIVE from the exchange while LeoDex only charges 0.25% to do the same.
That may not seem like much but it can add up. Deposit and Withdraw $10,000 over a year, and you can save $150 by going through LeoDex.
The Rich List
Want to see how your stake stands up to the other token holders? Or maybe you want to find out who the whales are in your favorite Tribe so you can stalk ... er... follow them.
It is easy enough, you can pull up the Rich List for any HIVE token on LeoDex from your wallet or the token list.
Here is the top 10 holders of Leo as an example.
Hey, where am I? I must be #11!
Better Charts
The token charts are pretty similar in LeoDex and Hive-Engine, but there are a couple of things I like about the charts on LeoDex.
First, when I mouse over the candlesticks I can actually read the information that pops up at the pointer.
I don't know if anyone else has the same problem but on Hive-Engine running Brave on Windows 10 this is what I get (note to devs, that is Brave and Windows 10).
You can see that the black box isn't sized right so the white text is lost. That is especially bad on crypto charts where the axis doesn't show the full price.
LeoDex also has a chart of trading volume for the tokens, something that Hive-Engine doesn't have. Being able to look at trends in trading volume can be useful when you are trading HIVE tokens.
See Your Voting Power For Your Staked Tokens
A little hidden secret is that you can go to the rewards page on LeoDex and not only see the rewards you have earned since your last claim, but also your voting power for the tokens you have staked.
Since every tribal token has it's own voting power, you may find out that you aren't using some of your voting power and it is going to waste. In my snip above you can see that my #POB voting power is getting hit pretty hard, but my #NEOXAG is sitting at 100%. I'm going to have to head over to neoxian.city and do some curating!
Value of Your Holdings
LeoDex shows you how much your HIVE token holdings are worth including what you have staked and what you don't have staked.
LeoDex even includes the value of your staked tokens that you have delegated out.
Hive-Engine only shows you the value of the tokens that are unstaked which isn't all that useful if you are like me and stake pretty much everything.
What Do You Like About LeoDex?
Are you using LeoDex? If so, what are some of your favorite features that I might not have listed. If you aren't using LeoDex, why not? Drop me a comment and let me know!
Disclaimer
I'm not a financial advisory and this is not financial advice, these are just my thoughts. DYOR. Yada yada.