HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FXCM information and reviews
FXCM
87%
Vantage information and reviews
Vantage
85%

Unus Sed Leo Price, LEO/USD Exchange Rates


Current Rating 20
Symbol LEO
Logo
Price change, 1h -0.26%
Price change, 24h 0.13%
Price change, 7d -1.69%
LEO current price $3.98
LEO Market cap $3 691 450 299
Available supply 928 363 436 LEO
Volume, 24h $460 748

Most recently, the Bitfinex crypto exchange has released its own digital token - Unus Sed Leo (LEO). In just a month, the cryptocurrency managed to grow by almost 80% and break into the TOP-20 CoinMarketCap cryptocurrencies. LEO is a utility token that can be used on all iFinex platforms, including Bitfinex and Ethfinex. The token got its name from the iFinex motto "Unus Sed Leo".

UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform. A utility token designed to empower the Bitfinex community and provide utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform.

Like Binance Coin (BNB), LEO gives its holders discounts on the crypto exchange commissions. iFinex also burns tokens on set dates. Similar to BNB at Binance cryptoexchange, Unus Sed Leo acts as an internal coin of the exchange, the use of which provides a number of advantages, such as a reduction in commission fees.

UNUS SED LEO (LEO) was designed to extend the capabilities of all platform users and services to iFinex, the parent company of Bitfinex. Such a decision should help to cope with the crisis that arose after the accusations against the trading platform about the illegal use of Tether cryptocurrency cash.

With UNUS SED LEO, Bitfinex plans to fill its own budget. As a result of the initial exchange, $ 1 billion was collected.

IFinex has a budget deficit of $ 850 million. Therefore, every month coins are redeemed in the amount of 27% of the profits in order to close the resulting hole in the budget. On May 20, 2019, the UNUS SED LEO token was added to Bitfinex, and then to other trading platforms.

As we mentioned earlier, iFinex will buy LEO tokens monthly equivalent to at least 27% of the company’s profit for the previous month. This is an indefinite process, while tokens will be in circulation. Redemption occurs at the current market price.

LEO tokens, which are used to pay commissions, can also be burned. The only platform that cannot destroy coins is Ethfinex, since it launched its own token called NEC in 2017 for the same purposes.


Benefits of owning UNUS SED LEO tokens include:

  • Saving commissions on Bitfinex. All fees for those who hold the token will be reduced by 15% for all pairs of cryptocurrencies.
  • Monthly discounts on Bitfinex. Token holders receive a discount of 0.05% for every 10 thousand USDT in UNUS SED LEO tokens held on the trader’s balance sheet during the previous month. Calculations are made taking into account each day of the month. The maximum discount is 5%.
  • Discount on withdrawal and replenishment of both cryptocurrency and fiat money on the Bitfinex exchange. Holders of more than 50 million UNUS SED LEO will receive a discount of up to 25% on the withdrawal and deposit of cryptocurrencies. Also, customers of the marketplace, who will have tokens in the amount of $ 50 million, will be able to withdraw up to $ 2 million per month without additional fees. In addition, the additional commission will be reduced from 3% to 2% with any withdrawal of more than 2 million USD in fiat monthly.

LEO/USD Price and Exchange Rates Charts

LEO/USD Price, Exchange Rates chart – 7 days

LEO/USD Price, Exchange Rates chart – 30 days

LEO/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Unus Sed Leo Price or LEO Information. For the most recent information please visit the Unus Sed Leo official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin 2.79%
2 ETH Information Ethereum 1.24%
3 USDT Information Tether USDt -0.01%
4 BNB Information BNB -2.48%
5 XRP Information XRP -0.82%
6 SOL Information Solana 7.26%
7 USDC Information USDC 0%
8 ADA Information Cardano 0.1%
9 DOGE Information Dogecoin 7.43%
10 STETH Information Lido stETH -3.32%
11 WTRX Information Wrapped TRON -0.68%
12 TRX Information TRON -2.08%
13 LINK Information Chainlink 6.26%
14 TON Information Toncoin 1.68%
15 AVAX Information Avalanche 5.65%
16 MATIC Information Polygon 4.74%
17 DOT Information Polkadot 4.75%
18 WBTC Information Wrapped Bitcoin 2.79%
19 DAI Information Dai 0.03%
20 LTC Information Litecoin 1.1%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Vibrant crypto market
Vibrant crypto market

The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks...

1 Dec 2023

Crypto market: another pullback within the framework of growth
Crypto market: another pullback within the framework of growth

The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks...

30 Nov 2023

Crypto market back to test multi-month high
Crypto market back to test multi-month high

The crypto market added 2.4% in 24 hours to $1.43 trillion and went back to test highs since May 2022. Bitcoin added 3% during this time, Ethereum 2.75%, and Solana was the top performer among the major coins, adding 8.4%...

29 Nov 2023

The crypto deepens correction
The crypto deepens correction

The crypto market has lost 1.5% in the last 24 hours to capitalisation of $1.42 trillion. Traditional markets have also seen a slight pullback from the last week’s peak...

28 Nov 2023

Cryptocurrency traders pause after growth
Cryptocurrency traders pause after growth

Crypto market capitalisation was near $1.42 trillion on Monday morning, roughly where we saw it a week earlier. Failure to build on the growth at the end of last week caused moderate pressure...

27 Nov 2023

Ethereum took $2100, heading towards $2500
Ethereum took $2100, heading towards $2500

The crypto market continues to move higher, adding another 0.8% overnight to $1.44 trillion as Greed stays as a major driver right now, according to a popular sentiment indicator...

24 Nov 2023

MultiBank Group information and reviews
MultiBank Group
84%
FP Markets information and reviews
FP Markets
83%
XM information and reviews
XM
82%
Just2Trade information and reviews
Just2Trade
80%
AMarkets information and reviews
AMarkets
78%
IronFX information and reviews
IronFX
77%

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.