What is Leonicorn Swap

Available to buy now on Pancakeswap.

Leonicorn Swap is a forthcoming decentralized exchange (DEX) built for and to run on on the Binance Smart Chain. It is positioning itself as innovative and promises to introduce new and advanced features allowing investors to earn and win tokens. Leonicorn Swap will deliver a new Automatic Money Maker (AMM) - other well known AMMs include Pancakeswap and Uniswap - and much like these projects Leonicorn Swap uses its own native token, $LEOS, to act as a governance token. 

Reading through the white paper it is clear that in terms of liquidity mining, farming, pools, IFOs, and its lottery, Leonicorn Swap will operate almost exactly the same as Pancake Swap, so much so you might be asking why you would chose to invest in $LEOS on Leonicorn Swap instead of $CAKE on Pancake Swap, so here's why - $LEOS, the native token of Leonicorn Swap is manifestly different to $CAKE - it is very much what sets Leonicorn apart -

• $LEOS have a hard supply limit, the exchange cannot simply mint more and more, as we see with $CAKE. The danger of AMMs minting unlimited tokens is the risk posed by flash loan attacks, which can crash the value of the native token instantly and destroy trust, as witness on Pancakebunny Finance (twice).
• $LEOS are deflationary, their price will rise over time, simply because of the supply limit - as the total value locked to the DEX increases the value of the native token will rocket.
• $LEOS are smart staking, with each transaction on the smart contract, the holders are distributed a share - another part is burnt, simultaneously increasing value and your personal holdings.

Obviously before anyone chucks their money in to a project like this they need to assess the risks and I strongly suggest you do you own research, fortunately the team for Leonicorn Swap are fully doxxed on their website, and a Certik audit has already been completed and issues acknowledged and addressed. Leonicorn has a very strong community on Twitter and Telegram. Things have moved quickly with Leonicorn Swap, listing on Coinmarketcap, Coin Gecko achieved in the blink of an eye, partnerships announced and news due to break at any time that $LEOS will be listed on its first CEX. I will provide all relevant links in resources below.

Please look at my other articles, to see ways to earn some free crypto and overcome common UK banking issues.