What Is LEON Token (LEON)?

LEON is a BEP-20 token that operates as Leonicorn Swap’s native DEX. BEP-20 is a standard for developing tokens on Binance Smart Chain (BSC). Leonicorn Swap is a decentralized exchange (DEX) platform developed and run on the Binance Smart Chain network. In addition, as the website says, Leonicorn Swap functions as an advanced automated market maker (AMM). An AMM brings features to the platform users, including an NFT (non-fungible token) marketplace, lottery event, IDO (initial DEX offering), and many others. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset. Additionally, the Leonicorn ecosystem wants to introduce its users to a user-friendly, secure, and highly efficient crypto environment using the advantages of blockchain technology.

As LEON is the native platform token for Leonicorn Swap DEX, it is utilized for performing multiple tasks on the network. Leonicorn uses LEON to incentivize its users for staking and farming. At the same time, users can stake their earned LEON tokens to earn other tokens. Leonicorn users can also utilize LEON to mint NFTs, play lotteries, participate in IDOs, and other unique programs of the platform.

Additionally, LEON, the BEP-20 token, aims to provide its users with a few extra perks such as discounted fees, guaranteed access to new project launches, participation in interactive platform activities, higher reward, and collection of sleek NFTs. 

History of LEON Token (LEON)

The foundation for the LEON token was laid by Mofassair Hossain, Scott, and Aravinda Babu. The total initial supply for LEON is 350 million with a public sale price of $0.03. In addition, Leonicorn Swap is looking forward to a few launches, including its own auction platform, NFT marketplace aggregator, NFT staking, and NFT games. As the website says, Leonicorn Swap aims to develop its metaverse by early 2023.