#NamePriceMarket CapChangePrice Graph (24h)
Circulating Supply: 953,954,130.00 LEO
Max Supply: N/A
Markets: Binance, Bitfinex, FTX

What is LEO?

UNUS SED LEO is a utility token used throughout the iFinex ecosystem. The unusual name is derived from a Latin citation in one of Aesop’s fables.

Bitfinex users can save money on trading fees by using the cryptocurrency. The amount of the discount is determined by how much LEO the customer has in their account, and the savings are divided into three tiers. Depending on whether a trading pair is crypto-to-crypto or crypto-to-stablecoin, there are fluctuations.

UNUS SED LEO was launched in May 2019 — and, unlike many other cryptocurrencies, it is not intended to exist in perpetuity.

Who are the founders of LEO?

iFinex established UNUS SED LEO after Crypto Capital, the company that processed its payments, had a portion of its funds seized by the government. Bitfinex’s parent company, IFinex, has warned that it may be impossible to recover these funds. It decided to launch the LEO token to make up for the financial shortfall.

To make up for the money lost, iFinex announced plans to gradually buy back the token from investors until there are no more tokens circulating in the market. A transparency initiative was also launched so that the crypto community could track the initiative’s progress and ensure that stated goals were met.

Where can LEO be traded?

If you’re wondering where you can buy UNUS SED LEO at the moment, the top cryptocurrency exchanges for trading in UNUS SED LEO stock are currently OKX, FTX, DigiFinex, Gate.io, and LBank.

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