|Price change, 1h||-0.17%|
|Price change, 24h||-0.39%|
|Price change, 7d||-6.63%|
|LEO current price||$4.98|
|LEO Market cap||$4 750 825 605|
|Available supply||953 954 130 LEO|
|Volume, 24h||$7 301 074|
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.
* 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.
Bitcoin added 0.6% on Thursday, ending the day around $28,600, a modest gain but a significant intraday win. Bitcoin managed to find support near $25K on Thursday morning...
13 May 2022
Cryptocurrency giant Bitcoin is in free fall, as pressure on cryptocurrency regulations grows as does fear and risk aversion, after US Treasury Secretary Janet Yellen called...
13 May 2022
The price of bitcoin slid last week after a wider stock sell-off in the U.S. sent the cryptocurrency market into a frenzy, prompting the digital asset to plummet towards $36,000 by late Friday trading...
11 May 2022
Bitcoin added a symbolic 0.1% on Tuesday, ending the day around $31K and adding another $500 this morning. Ethereum has been adding 0.2% in the past 24 hours...
11 May 2022
Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours...
10 May 2022
Bitcoin is trading near $33.5K on Monday morning, declining for the fifth consecutive day. Over the past 24 hours, losses are 2.3%, and are approaching 14% over the past seven days...
9 May 2022
© 2006-2022 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.