What is the issuance and circulation of LEO coins?

LEO coins, issued by Huobi Global in 2018, are distributed through various channels and play a significant role within the Huobi ecosystem, offering benefits and access to financial services.

Oct 02, 2024 at 06:05 am

Issuance and Circulation of LEO Coins

1. Issuer:

LEO coins are issued by the Huobi Global exchange, which is owned by Huobi Group.

2. Total Supply:

The total supply of LEO coins is capped at 1 billion.

3. Issuance Schedule:

60% of LEO coins were released during the initial coin offering (ICO) in 2018.
The remaining 40% are released over a vesting period of 3 years, starting from July 2019.

4. Circulation:

As of July 2023, approximately 550 million LEO coins are in circulation.

5. Distribution:

60% of LEO coins are owned by Huobi Group.
20% are allocated to the Huobi Global team and community.
20% are sold through an ICO.

6. Role in Huobi Ecosystem:

LEO coins serve various functions within the Huobi ecosystem, including:
- Trading fee discounts
- VIP membership rewards
- Access to financial products and services
- Participation in governance through voting

7. Market Performance:

LEO coins have performed well since their launch, with a market capitalization of over $200 million as of July 2023.
The price of LEO coins has experienced fluctuations but has generally trended upwards over time.

8. Future Outlook:

The future outlook for LEO coins depends on various factors, including the continued growth of the Huobi ecosystem, adoption of LEO coins within the crypto community, and overall market conditions.
As Huobi Global expands its offerings and strengthens its position in the crypto industry, LEO coins are expected to play an increasingly important role in the ecosystem.

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