There are ICOs happening all the time these days. ICOs are becoming one of the most rentable ways for companies to get initial investments. Because of this, more than ever, you have to always be well prepared to make good investments when looking for ICOs. If you don’t do that, there’s a good chance that your investments will not be as good as they could be.
Today, we are going to talk about the XLEO token, the new type of cryptocurrency being launched by Leondrino Exchange. Will this new token be a good investment of your cryptocurrency? Read our review and find that out.
What is Leondrino Exchange XLEO?
Leondrino Exchange is a financial company devoted to enabling investors and users to use new cryptocurrencies safely and in a regulated way. This company is planning the release of the XLEO tokens. The main function of the XLEO tokens will be to be able to exchange currencies inside the Leondrine ecosystem.
This means that if you have XLEO token, you can use them to buy cryptocurrencies for any affiliated currency of their system and you can sell those currencies to get XLEO tokens in exchange.
How Does Leondrino Exchange XLEO Work?
The use of XLEO tokens will provide a fast and easy way to exchange the currencies inside their system. This will create a bridge between these cryptocurrencies and make possible for investors to have more power in the exchanges.
With the creation of XLEO, different kinds of altcoins will have a parameter outside of their own companies, so the exchanges will be easier and more decentralized because the companies will not have complete power over the exchanges, as there will exist this outside factor.
The ICO of XLEO tokens will be primarily used to help the company develop further, especially in the field of developing new software.
How To Invest In XLEO?
To invest in this new kind of cryptocurrency, you have to buy their XLEO tokens, obviously. It is important to notice that you will buy PXLT (pre-XLEO tokens) instead of XLEO at first. The PXLT will only be exchanged by XLEO when the LeondrinoMainNet goes online.
The ICO is already going on and it will be happening until December 4 or until 10 Million PXLT are sold. In the first two weeks (counting from November 6), you can 200 PLXT for 1 ETH and 175 PLXT for 1 ETH in the following weeks.
All the money will be secured by smart contracts on the Ethereum Blockchain.
The Leondrino Exchange Verdict
This initiative from Leondrino Exchange is certainly interesting and something to keep an eye on. It could be a good investment, especially if you already have cryptocurrency of the companies that will be a part of the LeondrinoMainNet system.
As Leondrino Exchange is already a well established company, there are not many risks in investing in this company. Remember that it is not a start-up, so you won’t have to worry about it not having funds enough to implement its ambitious ideas.
If you are interested in having these new XLEO tokens, go for it, they seem like they could be a solid investment for you.