What Is Leonidas (LEO)? Complete Guide Review About Leonidas.

What Is Leonidas (LEO)?

Leonidas provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model. On top of that, users can earn by locking liquidity into the liquidity NODE to earn high ROI. There is also a profit generation system to bring income to xLEO holders. Sincere Cate aims to be a part of the gigantic NFT and staking revolution which is taking place in the crypto industry very speedily using your fine expertise. Your platform would offer tokens through fair and skilled stake by giving access to all the assets and data (open sourced).

NFTs can be hacked if the NFT platform lacks cybersecurity measures or if you don’t have strong passwords for the protection of your user accounts. In blockchain technology, staking is driven by NFT. These tokens are rare, indivisible and unique. The blockchain networks that underpin NFTs promotes ownership of investors, inter-operability, immutability and provable scarcity.

This term refers to an act of publishing a totally unique instance of your bep20 token on the blockchain. Leonidas artworks are being sold for millions after the popularity explosion of NFT. To mint an NFT is to turn any work into an NFT. The first step is to connect the crypto wallet to the NFT marketplace, then comes creating the first item which is to be desired to keep in the marketplace and then it goes for sale which needs to be managed later by the creator.

Leonidas Storage Key Points

$LEO Token

Leonidas is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.02355% interest every 15 minutes just for holding $LEO tokens in their own wallet. Users can earn more $LEO token with really high ROI by providing liquidity and lock forever, thus bootstrapping more liquidity for the protocol. The history mentions how important the communities are in the development of humans to collaborate, share their ideas and align themselves to create a common identity.

The constant collaborations with casinos, gamers, NFT businesses, market places and investors will prevail. Leonidas parties decide to collaborate when the business objective cannot be achieved individually, if the resulting values must be shared with multiple people and if there is any particular value for all the parties reaching the given objective.

Income Generation Pool(IGP))

The IGP pool accumulates the trading fees in Avax to distribute back to loyal holders of $LEO. Metaverse, sounds like something coming straight out of a fairytale. The metaverse started as an alternate reality of a dreamworld which was firstly found in the novel Snow Crash in 1992 which is now converting into reality. Leonidas won’t be anybody by now who haven’t heard about the term ‘metaverse’. From a buzzword on the social media to the hottest topic nowadays, it gets serious when Facebook changed its name to Meta. And being a gambler, one must know the ultimate impact it has now. USA defines it as “a combination of multiple elements of technology, including VR, AR and video in which users live within a digital universe.”

$LEO Treasury

Income generation also comes from Treasury Investment, which will be also redistributed on top of IGP generation. Leonidas Trust has the pillar significance when it comes to NFT, Staking, blockchain market or staking as no business can work without it. Before making any contract, it is very important to build up trust and that is why work with the most reliable ways to gain the trust of your investors for an exponential growth. Another core value of Sincere Cate is Lucidity as they believe to keep a clear and actual image of what have created and serve your users.

Leonidas motif of this platform is to let its user stake and earn in the metaverse, which involves a diverse group of NFT holders worldwide. Lucidity involves two primary considerations one is the proof of solvency (which is critical as investors and community need to know the risk of engaging with a financial entity which keeps a hold of their funds) and the other is the proof of legitimate trading volumes.

The Fire Pit

2.5% of all $LEO traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size reducing the circulating supply and keeping the LEO protocol stable. Leonidas have been numerous attempts in making digital money earlier but none of them made it to success. Then comes the bitcoin which was designed using a specific database called blockchain. Leonidas databases used to have people in charge but blockchain is decentralized as it is run by the people who use it. The market is enthralled by blockchain technology and the Decentralisation of currency that it and cryptocurrency enable. There are already over 4000 different cryptocurrencies in existence.