Leonicorn is not like the other beasts in the decentralised economy because its ambition are to build an ecosystem that delivers the whole AMM (Automated Market Maker) kitten-caboodle under one roof. In this its hybrid identity makes sense: fierce and proud like a lion and rare and unique like the unicorn.

Leonicorn is setting out to be different, and much broader, than its rivals. Initially launching on the Binance Smart Chain but with open intent for a cross chain future, on a scale to match the biggest DEX platforms. Leonicorn will not be just another Pancakeswap clone - in the mold of Biswap or Babyswap - Leonicorn will be its own thing, and is trying to be the king off the AMM savannah.

If you're new to crypto or not an uber-nerd (like me) you may not know what an AMM is, even if you have used one regularly. Essentially, an AMM is a way of ensuring there is always a market for you to trade your tokens. This is achieved by users providing tokens, in pools, where they are balanced in value with another token, such as say an UNI/ETH pair. Providers of tokens, to these liquidity pools, are incentivised by earning fees when people exchange tokens in the pool. You have probably already engaged with AMMs, which are the power house behind DEXs such as Uniswap, Sushiswap, and Pancakeswap.

Leonicornswap will offer all the features of those DEXs with more besides. The AMM is only part of the Leonicorn DEX, which is positioning itself as an 'Advanced AMM' delivering more than its rivals with a sophisticated NFT marketing platform and in the future the integration of centralised exchange features relating to advanced trading techniques such as leverage and margin trading.

Tokenomics

The tokenomics of Leonicornswap are radical and quite different to rivals, the ecosystem will be constructed around a pair of tokens: the openly exchanged, but deflationary governance token $LEOS; and the yet to launch free minting utility token $LEON.

$LEOS will be freely exchanged on external exchanges, whereas $LEON will be an internal token used as the daily mover of wealth within the Leonicorn ecosystem and as the gas token - similar to say the $KAR token on Karura.

The team are still to release the whitepaper v2.0 which will detail the exact relationship between $LEOS and $LEON, but  it is already known that holders of $LEOS will receive a significant airdrop of $LEON and have exclusive access to the $LEON presale. Meaning now, not tomorrow, is the time to buy $LEOS.

Both tokens will be stakeable within the DEX and plans are afoot to launch single token staking for $LEOS before the launch of the wider DEX.

The team behind Leonicornswap have indicated that the DEX will be constructed, in a way that ensures the regular and ongoing transference of value from the ecosystem into the $LEOS token. Both tokens will be burnt regularly to maintain value appreciation. $LEOS is already auto-staking: $LEOS transactions are subject to a 3% tax; 1% is sent for burning; the remain 2% distributed to $LEOS holders. Simply holding $LEOS in a wallet sees growth in the number of tokens held, through this mechanism.

Performance to date

Two forays in to higher prices have seen an ATH on Pancakeswap of $0.90 and on Coin Tiger of $1.00 - against an initial price offering of $0.05. Investors who bought early have already benefitted from signifiacant returns on their investment of up to 20x. Sell activity from whales has been consistently and rapidly consumed by smaller accumulators, returning the price to its stable zone. In contrast to so many 'pump and dump' tokens $LEOS has shown solid support at the $0.50 mark.

Rollout

Another area we see a hybrid of paths is in the rollout - here we have seen an explosion of activity from the development team, with the $LEOS token listed on CoinMarketcap and CoinGecko within days of launch, and now listed for sale on three CEX, with others to follow soon. The community is extremely active, $LEOS repeatedly appearing in lists of most discussed tokens on social media.

However, the speed of action from the team should not be mistaken for haste, here (in the fallout of recent DeFi hacks and flashloan attacks), we see a desire from the technical team to prioritise security over any pressure to deliver quickly. The technical team have been resolute in their determination that nothing will be released until it has been subjected to the highest level of audit and scrutiny, audits are being arranged with Hacken for the AMM code.

Conclusion

In the age of meme coin clones, it is refreshing to see a project based on an actual use case flexing in the markets. $LEOS at only $0.50 remains a smallcap gem especially with staking, further CEX listings, and the AMM launch in the pipeline - August is packed with milestones for Leonicornswap.

The team are well connected in the wider crypto economy and able to move things quickly. The team are also directly engaged with their community, in a way rarely witnessed, and their desire to deliver for their investors is palpable.

The CEO, CMO and CTO have powerful ambitions for their project and clearly want to deliver on these ambitions. After decades of working hard for others, these seasoned veterans of the crypto world, have an earnest desire to deliver on what looks to be a very personal project for them.

I am bullish on Leonicornswap and have sunk a significant portion of my portfolio into the project, I am no 'fan girl' and continue to ensure my portfolio diversity, but I will plan to invest monthly in this project because I truly believe it is going to deliver.