The value of Leodex.io

Not your keys, not your crypto

It is a basic core principle of cryptocurrency that you want your crypto, in your wallet, protected by your keys.
Centralized exchanges like Coinbase or Binance deposit your crypto, in their wallet, protected by their keys.
Decentralized Exchanges allow you to trade from your wallet to trading pairs on a decentralized exchange, the best of both worlds. The liquidity of a centralized exchange and the protection of your keys like a peer to peer trade.
I don't hate centralized exchanges, nor do I think cryptocurrency doesn't need them. I merely describe them for what they are, places where conveniemce is balanced with risk. Unfortunately many people do not know the risks until the risk bites them in the butt.

But the true value of Leodex.io doesn't stop at your keys and your crypto... it's the ability to buy and sell Hive without a centralized exchange listing

Those of you who came over from Steemit to Hive in the beginning remember how important it was to get centralized exchange listings, so people could buy and sell Hive, mainly sell Hive and use the money to live or invest in Bitcoin, Ethereum or other tokens.
This was the most important job when Hive forst started and it is still important now. After all if you earn Hive, is it really valuable if you can't use it to buy goods and services, nor trade it for things you can use to buy goods and services?
So once again Centralized Exchanges fulfill this purpose, they provide an onramp or entry ponit for investors into cryptocurrency to invest money. And they provide an offramp, a place where investors can sell their crypto for fiat, so they can withdraw it and spend it.
Hive is severely limited in it's distribution due to the limited number of exchanges which trade it.
This hurdle to widespread usage and availability, an exchange listing, is a super important and hard to get..translated expensive.
And it is another limitation of Centralized exchanges is the limited number of tokens to buy and trade for at each exchange.
In the words of @leofinance:

HIVE is down to just a handful of CEX listings. Binance being the biggest. Binance already removed HBD from trading. I believe that it is an existential threat to be reliant on Centralized Exchanges.
As a Hiver since the early days of the legacy chain, this has become a mission for me. The INLEO team has tried many iterations to get to this point but we finally have built something that will enable base-layer, native swaps with HIVE.

back to my article...

One of the biggest attributes of Uniswap and Pancakeswap is the ability for people to create trading pairs there for their tokens.
One of the biggest values of Leodex.io is that it grants us the ability to trade Hive for other tokens like Bitcoin, Ethereum, Rune, USDC without a centralized exchange listing.
LEODEX.io allows you to sell/trade Hive for other cryptocurrency via the decentralized exchange cacaoswap.
This means from your wallet, you can trade Hive for Bitcoin, or Bitcoin for Hive, without an centralied ex
This is huge... and although there are many steps, you don't have to know or understand it, you just do it and the backend processes take care of the rest.
In the words of @leofinance account: