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:
| Feature | Leonicorn Swap | PancakeSwap | Biswap |
|---|---|---|---|
| Trading Pairs | Under 50 | 1,200+ | 300+ |
| 24h Volume | Undisclosed / Negligible | $120M+ | $15M+ |
| Token Symbol | LEOS / LEONS (inconsistent) | CAKE | BSW |
| Smart Contract Audit | None | Multiple (CertiK, Hacken) | Yes (CertiK) |
| Community Size | Minimal | 145K+ Telegram | 50K+ Telegram |
| Exchange Listings | 1-2 | 42+ | 15+ |
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.
Is Leonicorn Swap safe to use?
No. Leonicorn Swap has never been audited by any security firm. There’s no public code repository, no bug bounty program, and no transparency around its smart contracts. In crypto, unaudited platforms are high-risk. Over 78% of DeFi hacks in 2022 came from projects without audits. If you connect your wallet, you’re trusting code you can’t verify.
Can I buy LEOS on major exchanges?
Only on a few minor platforms like KuCoin and possibly through Binance’s Web3 Wallet. It’s not listed on Coinbase, OKX, Gate.io, or any other major exchange. That limits liquidity and makes it hard to buy or sell without slippage. The token’s inconsistent naming (LEOS vs LEONS) also suggests poor management.
Why does Leonicorn Swap have two token symbols?
There’s no official explanation. CoinMarketCap lists it as LEOS, while Kriptomat calls it LEONS. This kind of inconsistency usually happens when a project loses control of its branding or gets abandoned. It’s a red flag that signals poor team communication or lack of ongoing development.
Is Leonicorn Swap still being updated?
There’s no evidence of recent updates. No blog posts, no GitHub commits, no social media activity since 2022. CryptoRank even lists the price as “N/A,” which often means the token has been delisted or is no longer tracked. While KuCoin still has a buy guide, that doesn’t mean the platform is active-it just means the listing hasn’t been removed yet.
Should I invest in LEOS for long-term gains?
Absolutely not. LEOS has shown consistent price decline, minimal trading volume, and zero community engagement. It lacks the fundamentals of a viable asset: liquidity, transparency, development, and adoption. Investing in it is gambling, not investing. The odds are stacked against you.
What are better alternatives to Leonicorn Swap?
On Binance Smart Chain, PancakeSwap is the clear leader-audited, liquid, and active. Biswap and Autofarm are also solid alternatives with better tokenomics and community support. For Ethereum users, Uniswap or SushiSwap offer far more security and trading options. Stick with platforms that have audits, public teams, and real usage.
Comments
Jessie X
January 5, 2026 AT 07:12Been using Leonicorn for months just to dump low-cap BSC tokens with near-zero gas
Feels like trading in a ghost town but at least I'm not paying $2 in fees
Wouldn't hold anything here long-term but for quick flips? It works
Kip Metcalf
January 6, 2026 AT 16:07why even bother with this place when pancake is right there free and fast
youre just asking for a rug
Frank Heili
January 7, 2026 AT 04:11Leonicorn Swap is a textbook example of a vaporware project. No audits, no code transparency, inconsistent token symbols across exchanges-that’s not negligence, that’s a warning sign. The fact that it’s still listed on KuCoin doesn’t mean it’s alive. Exchanges often keep delisted tokens on their platform for legacy reasons. The 24-hour volume is negligible, the community is nonexistent, and the team hasn’t posted anything since 2022. If you’re trading here, you’re not investing-you’re speculating on a dead project with zero fundamentals. There are dozens of audited, liquid, community-backed DEXs on BSC. Pick one of those. Don’t gamble on a website that looks like it was built in 2021 and abandoned the next day.
Natalie Kershaw
January 7, 2026 AT 05:45if you’re into low-fee trades and don’t mind the risk, leonicorn’s not the worst
just keep your position tiny and never stake more than you’re willing to lose
and for god’s sake, don’t trust the token name-double-check the contract address every time
you’ll thank me later
Jacob Clark
January 8, 2026 AT 22:14HOW IS THIS EVEN STILL ONLINE???
NO AUDITS??? NO GITHUB??? NO TEAM???
THEY CAN’T EVEN DECIDE IF THE TOKEN IS LEOS OR LEONS???
THIS ISN’T A DEX-IT’S A MEME WITH A WEBSITE AND A FEW LUCKY PEOPLE WHO GOT IN EARLY AND RAN
Jon Martín
January 9, 2026 AT 04:43look i get it-you want that 100x
but this isn’t the wild west anymore
you don’t just throw money at a site that looks like it was built in 2017
if it doesn’t have an audit, a team, or a roadmap-it’s not a project
it’s a graveyard with a wallet button
Danyelle Ostrye
January 10, 2026 AT 06:28i tried it once. connected my wallet. saw the slippage on a 100-dollar trade. walked away.
no point. just waste of time and gas
Jennah Grant
January 11, 2026 AT 00:23the token symbol inconsistency alone should disqualify this from any serious consideration. In DeFi, branding integrity reflects operational integrity. If the team can’t maintain a consistent token ticker across major aggregators, they’re not managing the project-they’re just collecting wallet connections. The lack of audit trail, combined with zero on-chain development activity since 2022, confirms this is a dormant asset. Liquidity is a mirage. Trading volume is fabricated or negligible. This isn’t a DEX-it’s a digital artifact.
Dennis Mbuthia
January 12, 2026 AT 04:45americans always fall for this crap-some guy with a marketing degree throws up a website with a unicorn logo and calls it ‘decentralized finance’
real crypto is built by engineers, not influencers
if you’re using this you’re part of the problem
go back to your memecoins and stop pretending you’re a degens
Becky Chenier
January 12, 2026 AT 06:21Interesting analysis. The lack of documentation and community engagement is concerning. I’ve reviewed several BSC DEXs, and Leonicorn’s absence from audit reports and developer activity logs is statistically significant. While low fees are appealing, the absence of long-term viability metrics renders the platform unsuitable for any serious participant.
Staci Armezzani
January 12, 2026 AT 21:27if you’re doing small, quick trades and you know what you’re doing, leonicorn can be a tool
but treat it like a sketchy gas station-you don’t leave your car running, you don’t put premium fuel in it, and you definitely don’t trust the guy behind the counter
just get in, swap, get out
Tracey Grammer-Porter
January 14, 2026 AT 11:25i just wonder how many people are still holding leos thinking it’ll bounce back
but the charts don’t lie-this thing’s been in a slow bleed for over a year
and nobody’s even trying to fix it
it’s like watching a plant die and not watering it
you know it’s over, but you keep staring at it anyway
sathish kumar
January 16, 2026 AT 06:32The project exhibits a severe deficiency in transparency and governance structure. The absence of a verifiable whitepaper, coupled with non-existent smart contract audits, renders the platform incompatible with the foundational principles of decentralized finance. Furthermore, the inconsistent token nomenclature reflects a fundamental lack of professionalism. One must exercise extreme caution when engaging with such entities, as they pose significant financial and operational risks.
Don Grissett
January 18, 2026 AT 01:32you guys are overthinking this
its just a coin
if you wanna make money you dont need audits
you need guts and a wallet
and if you lose it? big deal
thats why its called crypto not safe-bank
Veronica Mead
January 18, 2026 AT 15:14It is morally irresponsible to promote or even acknowledge platforms that lack basic security protocols. By engaging with Leonicorn Swap, users are not merely taking financial risks-they are enabling a culture of negligence that undermines the entire blockchain ecosystem. There is no justification for using a service that refuses to be audited. This is not innovation; it is recklessness disguised as opportunity.
Mollie Williams
January 19, 2026 AT 02:56there’s something haunting about projects like this
they don’t die with a bang
they just… fade
the website stays up, the token still shows a price on one exchange, someone still trades 200 bucks worth a day
but no one’s talking about it
no one’s building on it
no one believes in it anymore
it’s not a scam
it’s a ghost
Surendra Chopde
January 19, 2026 AT 22:27Very insightful review. The lack of community and development activity indicates a dead project. In India, we see many such projects that attract retail investors with flashy websites but vanish after initial hype. Always verify code, audits, and team history before investing.
Tiffani Frey
January 20, 2026 AT 15:28Leonicorn’s minimal liquidity and inconsistent token branding suggest a high probability of abandonment. The absence of any security audit, combined with zero public communication since 2022, indicates that this is not a project under active development-it is a dormant asset with residual trading activity driven by speculative momentum. Caution is not optional here; it is imperative.
kris serafin
January 21, 2026 AT 13:24lol i just use it to dump my trash tokens for gas fees under $0.02
if i win? cool
if i lose? i didnt invest
its not a bank, its a swap tool
and i dont need a whitepaper to trade a 0.0001% coin
🙌
Jordan Leon
January 21, 2026 AT 14:09The philosophical question here isn’t whether Leonicorn Swap is safe-it’s whether we still believe in the myth of decentralization when the infrastructure is abandoned. A DEX without code transparency, without team accountability, without community-is it still decentralized? Or is it just a facade, a digital shrine to the illusion of freedom? The silence speaks louder than any audit report.
Rahul Sharma
January 22, 2026 AT 11:31Leonicorn Swap is not a viable platform. The lack of audits, team transparency, and consistent token branding makes it extremely risky. In India, we have seen many similar projects collapse after initial hype. Always prioritize projects with verifiable code and active development.
Valencia Adell
January 24, 2026 AT 08:33you’re all being too nice
this isn’t a ghost
it’s a corpse with a credit card
someone’s still pumping it on low-tier exchanges to lure in new idiots
the ‘N/A’ on CryptoRank? that’s not a glitch
that’s the project’s obituary
and you’re all just reading it out loud
Sarbjit Nahl
January 26, 2026 AT 06:12everyone says it’s dead but nobody asks why it’s still listed on KuCoin
maybe it’s not dead
maybe it’s being quietly harvested
the team isn’t gone
they’re just waiting for the next wave of newbies to connect their wallets
Paul Johnson
January 28, 2026 AT 04:39you people are so paranoid
its just a coin
if you dont like it dont use it
but dont act like you’re the crypto police
some of us like taking risks
and if you lose? thats your fault not the project’s
Meenakshi Singh
January 28, 2026 AT 12:28leonicorn swap is the perfect trap for newbies
low fees, pretty website, ‘earn more’ buttons
but the liquidity is a joke and the token name changes every month
they’re not building a DEX
they’re building a fishing pond
and you’re the fish
🐟