Waaheeeyy... Today I was paid my first LEO tokens.
Curiosity has now got the better of me to see what I can do with them.
I understand that I can "power up" and stake them for higher rewards on posts, etc and keep on supporting the Leo / Hive infrastructure.
But I am not sure how to change them to any currency (crypto or fiat) that I can withdraw and actually use in real life.
If anyone has done this and can help me, please post in the comments section below
So far I have used LeoDex to conver LEO to SWAP.HIVE (and back to LEO, and to SWAP.STEEM, and back to SWAP.HIVE). This is all well and good for trading purposes within the "Hive" (apart from a transaction fee every time). I also tried a withdraw using my Binance HIVE address and memo fields, but nothing transfered and the funds stayed in LeoDex.
I then went onto the Hive Engine https://hive-engine.com/ website.
Apparently you can use the "withdraw" button at the top - but when I tried to withdraw a test amount it wouldn't let me change the username. I thought it was changing SWAP.HIVE to HIVE within my own account, but it went to "
So, can you actually withdraw anything to another wallet from the LEO / HIVE infrastructure? Is it a scam? I understand that keeping the LEO / HIVE in the system helps liquidity, but you may as well call is "LEO DOLLARS" rather than USD$. Or have I missed the point somewhere?