LEO
LEO is a memecoin on the stacks blockchain that represents Muneeb Ali, the founder of STX's cat.
On the 30th of December, 5% of the total supply of $LEO was airdropped to users who interacted with $STX.[1][3]
Overview
LEO was founded in December 2023 by a team of individual builders on Stacks, Bitcoin's premier Layer-2 blockchain. It is a memecoin that represents Muneeb, the founder of Stacks' cat.[3]
LEO aims to foster a culture for Stacks. Its team identified an excellent opportunity to support the growth of the Stacks ecosystem and wanted to contribute to onboarding the next 100,000 users. Currently, there are over 7,000 wallets that hold $LEO, and efforts are ongoing to increase this number. The team also operates stxtools.io, a product designed to be the DexTools of Stacks, with its v1 already operational.LEO offers its native token called LEO, which can be traded on ALEX, a decentralized cryptocurrency exchange established in 2022, as well as MEXC.
On February 27th, LEO was listed on MEXC and is tradable on MEXC via a USDT/LEO pair.[6]
More than a cultural memecoin as a bridge for adoption into STX. We're committed to building tools to enhance your experience on Stacks. No promises, just surprises Stay tuned.[2]
Tokenomics
The $LEO memecoin has a total and maximum supply of 10,000,000,000 tokens. To ensure a fair launch, the team allocated 95% of the tokens to the ALEX DEX liquidity pool. The remaining 5% was distributed as follows: 1% to Muneeb, 1% to the top 2000 Alex holders, 2% to STX20 holders who owned more than one unique ticker as of December 25, 2023 (three times as much for those with more than ten inscriptions), 0.5% to the top 500 WELSH holders, 0.25% to the top 500 DIKO holders, and 0.25% to the top 500 stSTX holders. The team did not withhold any tokens, and the liquidity pool was subsequently burned.
During the first block, the team observed a 1k STX transaction and preemptively matched it to maintain a fair distribution, acquiring 18% of the tokens. Of this, 4% was sent to Muneeb, 5% was burned, and the remaining 9% is currently held by the team for future redistribution through airdrops, exchange listings, and other growth-related activities for LEO.
stxtools
Stxtools is a DexTools platform customized for Stacks, designed to provide users with essential tools for tracking spending, monitoring investments, and understanding market trends. It offers a robust $STX analytics tool that displays swaps, transfers, token holders, PNL, and more.
Key features include:
Technology
$LEO operates on the Stacks blockchain, a decentralized protocol that enables decentralized apps and smart contracts to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
The Stacks layer uses Proof of Transfer (PoX), which involves miners using already-mined BTC to bid for the chance to write new blocks on the Stacks layer and receive STX rewards. PoX operates similarly to Proof of Work (PoW), but instead of solving complex cryptographic puzzles, miners bid with BTC, and the bid weight determines their chance of becoming a leader. This process leverages the security of the Bitcoin chain and allows Stacks to reuse Bitcoin's work without significant additional energy consumption, as only standard laptops or computers are needed to bid using BTC.[4][5]
How To Buy $LEO
- Step 1: Acquire STX from a Crypto Exchange: Start your journey by purchasing STX from a trusted exchange like Binance, ByBit, or KuCoin.
- Step 2: Create a Stacks Wallet: Set up a Stacks wallet, such as Xverse or Leather, and transfer the acquired STX to your Stacks address.
- Step 3: Connect Your Wallet to AlexLab: Head over to AlexLab and connect your wallet to get started.
- Step 4: Swap STX for LEO: Swap the STX for LEO, ensuring to keep some STX for transaction fees. The slippage of 5-10% to increase the likelihood of a successful swap is suggested.
Buy from MEXC
To buy $LEO from MEXC, you only need to follow a few steps. First, create a MEXC account if you haven't already. Then, deposit your funds into your account in the form of USDT. Once your funds are deposited, go to the Spot trading section on MEXC's platform. Search for $LEO in the trading pairs list, and select the USDT/LEO pair. Finally, execute your trade to swap your USDT for $LEO.
