Leonicorn Swap Crypto Exchange Review: Is This BSC DEX Worth Your Time?

Leonicorn Swap isn’t another big-name crypto exchange. You won’t find it on CoinMarketCap’s top 10 DEX list. No viral TikTok tutorials. No Reddit threads full of traders bragging about 10x gains. But if you’re digging through the quiet corners of Binance Smart Chain looking for something cheap to trade, you might stumble across it. So what’s the real story behind Leonicorn Swap? Is it a hidden gem or a ghost town with a fancy website?

What Exactly Is Leonicorn Swap?

Leonicorn Swap is a decentralized exchange built on Binance Smart Chain (BSC). That means no middleman. No bank account. You connect your wallet-like MetaMask or Trust Wallet-and trade directly with other users through smart contracts. It’s not a centralized platform like Binance or KuCoin. You hold your own keys. That’s good. But it also means if something breaks, there’s no customer service to call.

It was launched sometime around 2021-2022 by Mofassair Hossain, a marketer with a track record of raising over $600 million for blockchain projects. He’s not a coder. He’s not a blockchain engineer. He’s a promoter. That’s not a dealbreaker-but it does raise questions. Who wrote the code? Who audits it? Where’s the whitepaper?

The platform claims to offer more than just swapping tokens. It promises NFT trading, staking, and multiple ways to earn. But here’s the catch: no one’s showing you how. There are no tutorials. No guides. No YouTube walkthroughs. Just a website that looks like it was built in 2021 and hasn’t been touched since.

The Token: LEOS or LEONS? Confusion Is the Only Constant

Leonicorn Swap’s native token is a mess. On CoinMarketCap, it’s listed as LEOS. On Kriptomat, it’s LEONS. CryptoRank says the price is “N/A.” That’s not a typo. That’s a red flag.

When a token has two different names across major platforms, it usually means one of two things: either the project got lazy, or it’s been abandoned. There’s no official statement explaining the discrepancy. No GitHub commit. No Discord announcement. Just silence.

As of early 2026, LEOS trades on KuCoin and possibly Binance Web3 Wallet. That’s it. No Coinbase. No Gate.io. No OKX. Compare that to PancakeSwap’s CAKE token, which trades on over 40 exchanges. Leonicorn Swap’s token has less than 5% of the exchange coverage. That’s not a small difference. That’s a death sentence for liquidity.

Trading on Leonicorn Swap: Low Fees, But What Are You Trading?

The platform boasts transaction fees as low as $0.01 per trade. That’s true. BSC is cheap. Gas fees on Ethereum can hit $5. On BSC, they’re usually under $0.10. Leonicorn Swap doesn’t add much on top. So yes, trading here is cheap.

But cheap doesn’t mean useful. How many trading pairs are there? Less than 50. PancakeSwap has over 1,200. That means if you want to trade anything outside of the top 10 BSC tokens-like BUSD, WBNB, or a few obscure memecoins-you’re out of luck. Leonicorn Swap doesn’t have the liquidity. The pools are shallow. You’ll get slippage even on small trades. And if you try to swap a token with low volume? Good luck finding a buyer.

Kriptomat shows a 24-hour price change of -4.60% for LEOS. That’s not volatility. That’s decay. When a token drops that hard in a single day and stays down for weeks, it’s not because the market is “correcting.” It’s because people are dumping it. And if no one’s buying, you can’t sell either.

Security: No Audits, No Transparency

Here’s the scariest part: no one has audited Leonicorn Swap’s smart contracts.

Not CertiK. Not PeckShield. Not Hacken. Not even a freelance auditor from Upwork. In 2022, 78% of all DeFi hacks came from unaudited code. That’s not a statistic you ignore. If you’re putting money into a DEX without knowing what’s under the hood, you’re not investing-you’re gambling.

There’s no public GitHub repo. No code repository you can inspect. No bug bounty program. No security team listed on the website. Just a landing page with a “Connect Wallet” button and a promise of “advanced features.”

And yet, people still connect their wallets. Why? Because they think they’ll find the next big thing. But the truth is, the next big thing doesn’t hide in the shadows. It announces itself with audits, docs, and a community.

Who Is This For? And Who Should Stay Away?

Leonicorn Swap might seem appealing if you’re:

• Trying to trade tiny BSC tokens with minimal gas fees
• Willing to risk losing your money for a shot at a 100x moon
• Not worried about security or long-term viability

But you should avoid it if you:

• Want to hold tokens for the long term
• Need reliable liquidity or decent trading pairs
• Expect customer support or updates
• Use crypto as part of your financial plan, not a lottery ticket

There’s a reason Leonicorn Swap isn’t on CoinGecko’s list of top 50 DEXs. It’s not because it’s too new. It’s because it’s too dead.

How Does It Compare to the Competition?

On BSC, PancakeSwap dominates with over 60% of all DEX volume. Autofarm and Biswap hold the next spots. Leonicorn Swap? It doesn’t even register on the radar.

Here’s a quick comparison:

Leonicorn Swap doesn’t just lose. It doesn’t even compete. It’s a footnote in a market that’s already decided who the winners are.

Is Leonicorn Swap Still Active?

This is the million-dollar question. KuCoin still has a “How to Buy LEOS” guide. Binance Web3 Wallet still lists it. But CryptoRank says the price is “N/A.” Kriptomat shows a price, but it’s been falling for months.

There are no recent updates. No blog posts. No Twitter threads from the team. No GitHub commits since 2022. No Discord activity. No GitHub repo. No roadmap. No team page with real names and photos.

If you’re wondering whether this project is alive, the answer is: maybe. But if it is, it’s barely breathing. And in crypto, something that’s barely breathing is already dead.

Final Verdict: Don’t Risk It

Leonicorn Swap isn’t a scam. Not in the classic sense. There’s no fake team. No rug pull yet. But it’s also not a project. It’s a ghost. A website with a token that no one wants to hold. A DEX with no liquidity. A platform with no updates.

There are hundreds of better DEXs on BSC. PancakeSwap is free, fast, secure, and has over a million users. Biswap, Autofarm, and Trader Joe are all active, audited, and growing. Why risk your money on something that doesn’t even have a consistent token name?

If you’re looking for low fees, go with PancakeSwap. If you want to earn yield, try staking on a well-known platform. If you’re chasing moonshots, pick a project with a team, an audit, and a community. Leonicorn Swap has none of that.

It’s not worth your time. Or your tokens. Or your peace of mind.