Top BSC Whales are getting into this new platform

Paigambar Mohan Raj
Source: Pexels

Nothing is stopping the top whales from diving deep into the latest and greatest in smart contract innovations. The smart contract era has ushered in a large number of projects with a variety of utilities, and the crypto whales are surely taking notice of all new developments.  As per the data provided by Whalestats, $LEOS is the most used smart contract by the 1000 biggest BSC whale wallets. $LEOS is based on the Binance Smart Chain.

What is Leonicorn Swap ($LEOS), on the BSC? 

Leonicorn Swap is a decentralized exchange (DEX) created to address the difficulties that currently exist in the centralized and decentralized exchange ecosystems by bringing together a comprehensive suite of Decentralized Finance (DeFi) products on one platform. $LEOS is the native token of this platform. 

Source: leonicornswap.com

The Leonicorn Swap exchange aims to address the most common issues in the CeFi industry, such as security concerns, high transaction fees, low withdrawal limits, and other pitfalls of centralized management, such as high listing requirements for up and coming cryptocurrency projects and exchange operator mismanagement of funds.

Leonicorn’s use of the Binance Smart Chain (BSC) ensures that retail users may take advantage of all of the platform’s benefits without having to worry about exorbitant transaction costs. Users can make additional money by providing liquidity for the assets they own using the platform’s AMM, which allows them to earn exchange trading fees and additional liquidity farming awards provided by the project in the aforementioned $LEOS token.

Being based on the BSC network could be a reason for the whales to be jumping in on the opportunity.

Leonicorn Swap also addresses the flaws of the most widely used DEXs, the bulk of which are based on the Ethereum blockchain, which is notorious for its restricted scalability, high gas fees, and slow transaction rates, all of which have contributed to the DeFi ecosystem’s slow growth.

$LEOS has a total value locked at $4,695,938. 

The fact that the top whales are engaging in this project, definitely means that it is something to be looked at. It is a new project with big plans, and as such, could potentially be something that could turn more heads in the coming future.