Right when staking went live, I posted about the age ol' saying, buy the rumour sell the news
But PERPS went live not too long after
Aster was super hyped up and lots of volume going to the new dex
LEODEX perps went live, here use my referral code if you are a master trader
https://inleo.io/signup?referral=ssjsasha
click them buy and sell buttons like a maniac so I can see how this referral code gets paid out. 100% of the funds earned here will go towards buying either LEO LSTR or SURGE
I am looking forward to see how successful LEODEX is and how much volume they can get to get fees from and buy LEO
I have no idea how perps work
I mean I have an idea but I am so not into leverage trading
Crypto is wild enough with all the ups and downs no need to put a supercharger and a turbo charger on all my moves
I totally understand why some people do though. win or lose the dex wins when people go nuts with the trading
some coins people buy and they don't do anything for months and months before they sell at a massive win
Recently I saw some account cash out a big chunk of some coin he was up over 300x in
imagine that, 300x
he bought months ago... disappeared, showed up to cash out a fortune
But with PERPS, the trades a short term
So when someone puts in a move, they will have a follow up move real quickly afterwards... over and over and over again
Someone training all day brings way more volume than someone who buys once for $5,000 then months laters starts clipping out $10,000 at a time for a couple hundred grand
Anyone with $10K can make more volume today than the guy with the 300x
This is where the pumpementals come in
With all that volume and a fee on over move, and with all that value going into the LEO order book, I can imagine how good this will be for the arb bots which will bring even more value to the ecosystem. Especially for the Leo stackers who will get USDC some of which going right back into LEO
once everything is running smoothly, and you have all these different streams of revenue going into the LEO orderbook... $10 will be considered FUD
Posted Using INLEO