Frequently Asked Questions
What is an AMM?
It is easiest to think of an Automated Market Maker (AMM) as a piece of software that can offer an exchange between two assets at any time, irrespective of the presence of a corresponding buyer or seller.
What is a DEX?
A DEX is an decentralised exchange that allows users to exchange tokens directly from their wallet by interacting with an AMM. The term is used more broadly to describe a site offering a range of features, including an AMM, as found on Leonicorn Swap.
What is the difference between LEOS and LEON?
LEON is the DEX token used for interacting with DEX features, LEOS is the governance token for the Leonicorn Swap ecosystem. Both tokens have their own distinct utilities.
More details can be found in the project whitepaper at https://leonicornswap.com.
Are LEOS and LEON listed on any exchanges?
Yes, both tokens are listed on a number of exchanges. However, we would recommend that you buy our tokens through the Swap function on Leonicorn Swap itself, as this is where the liquidity is highest.
What is the difference between Locked Staking and Caves.
Locked Staking is a staking feature where LEOS can be locked for defined periods of time to earn high yield rewards in LEOS.
Caves allow the staking of LEOS or LEON with rewards paid in LEON - tokens can be unstaked from caves at any time.
What is the best wallet to use?
Leonicorn Swap supports a range of wallets. You can view the full list of supported wallets in our Wallet Guide.
How is APR calculated for Caves and Single Staking?
For Caves and Single Staking, APR is calculated using the following formula:
APR = Annualised rewards (in USD) / total staked funds in pool (in USD) * 100
This means APR will fluctuate as investors stake more funds to pools, and as the values of the staked and reward token change.
How is APR calculated for Meat?
Calculating APR for farming is more complicated - please see opur more in depth explanation Calculating APR for Meat Pools.
Will there be more Meat and Caves pools added?
Yes, as our partnerships grow more caves will be added, allowing users to stake LEON to earn partner tokens. The number of Meat farms available grows continuously, and as partners add liquidity to the DEX more will come online.
What is the maximum supply of LEON?
LEON does not have a maximum supply. The circulating supply is controlled through burning mechanisms incorporated into the DEX’s smart contracts. In addition the supply is carefully monitored by the Leonicorn Swap team who will manually buy back and burn LEON using DEX revenues.
Where can I get more support?
You can contact our 24hr live support team directly, using the Chat Now button at the bottom right corner of the DEX.
We also have official Telegram and Discord communities that can provide you with assistance.
⚠️ NOTE: None of our admin team will ever contact you by direct message on any of our social media platforms first. Anyone who contacts you first is likely to be a scammer.
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