Unus Sed Leo (LEO)

7 Articles 0 Followers

Unus Sed Leo (Leo) is a utility token made by iFinex, the company behind the top crypto exchange Bitfinex and Ethfinex, in May 2019. It is an exchange utility token designed to be the heart of iFinex and empower the entire Bitfinex community. Leo is said to provide significant operational benefits for their customers that are looking to maximise the output of Bitfinex and other iFinex platforms.

The utility token was launched to the public after a $1 billion private sale which lasted only 10 days During the private token sale, each Leo was sold for 1USDt which resulted in the $1 billion raised. The Unus Sed Leo token itself was issued on both the Ethereum and Eos blockchain in the aim to increase ease and flexibility for users. Furthermore, the Unus Sed Leo team are also hoping to contribute to the development around blockchain interoperability and intend to make Unus Sed Leo an integral part of the entire decentralised exchange industry via integrations with EOSFinex and ETHFinex. 660 million Leo tokens were issued on Ethereum blockchain and 340 million were issued on the EOS blockchain.

Unus Sed Leo token holders should also benefit from Leo tokenomics which employ a continuous burning mechanism to reduce the supply of Unus Sed Leo on the circulating market with the intention to increase the value. According to the tokenomics, 27% of iFinex consolidated gross revenue will be contributed toward the buy-back and burn scheme. The entire scheme will be overseen by the Unus Sed Leo Transparency Initiative which will make the entire process verifiable.

In this tag you can discover Unus Sed Leo (Leo) news, price prediction, opinion and analysis created by users.


Everything you need to know about iFinex’s Unus Sed Leo (LEO) Cryptocurrency

25 Jun 2019 6 minute read Jeremy Wall $7.63 tipped

Exchange utility tokens appear to be the hottest new thing in crypto and they are being touted as the ultimate safe bet. Following the ICO boom of 2017, several cryptocurrency exchanges discovered a new opportunity to raise funding by issuing their v...

Looking for New Crypto To invest? Here Are My 2 Suggestions For You

3 weeks ago 1 minute read Ed-california $1.80 tipped

When potential investors look for a cryptocurrency to invest in, most of them will be drawn toward the top 3 or top 5 projects in the market cap rankings. This is because of the sheer volume of promotional benefits that these top projects receive fro...

Should You Buy Or Sell Unus Sed Leo $LEO in Q3 2019?

4 Jul 2019 1 minute read CryptoChartWizard91 $2.63 tipped

The iFiniex utility token, Unus Sed Leo, was only launched toward the end of May 2019 but has already managed to surge a total of 71% from the open to the current trading price. The utility token is designed to be used on the iFiniex platforms (incl...

3 Altcoins I Recently Bought #showmyportfolio

7 Jul 2019 1 minute read Chenhuang_defi $2.21 tipped

As a part of the #showyourportfolio competition, today I’m going to show you some tokens that I’ve recently gotten interested in. These are also exchange-focused tokens and that’s because I think these kinds of tokens will make give high returns as e...

3 Crypto Projects People Are Talking About And That It's Not Too Late To Invest In

4 Jul 2019 3 minute read Chris Walker $2.12 tipped

I see a lot of posts on this site where people talk about the best altcoins. Everyone has their own opinion, don’t they? So do I :)  I’m mostly in agreement with the tokens and projects that people are recommending for investment on this site. But I’...

Unus Sed Leo (LEO) From Bitfinex: The New Comer That Landed Top 13 Instantly

21 Jun 2019 4 minute read fycee $3.54 tipped

Everyday, I always peep into the coin rankings to check the status of my holdings. I kinda memorized all coins in the top 50 so I would definitely know which one is the new comer on the list. I was surprised to see this new coin that was listed and i...

Announcing the Unus Sed Leo Transparency Initiative

19 Jun 2019 3 minute read Milk Proof Robot $4.75 tipped

Bitfinex is proud to announce the launch of the UNUS SED LEO Transparency Initiative. The initiative, built around a real-time token burn redemption mechanism, marks the launch of the LEO burn mechanism, which will see iFinex gross revenues allocated...