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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

KEEP

$0.1066

43.15%

Trade Now
STMX

$0.0044

29.33%

Trade Now
0x0

$0.1175

25.16%

Trade Now
ALCH

$0.0791

22.75%

Trade Now
COMP

$47.6401

20.58%

Trade Now
WHITE

$0.0...07724

19.98%

Trade Now

Latest Crypto News

Pi Coin Price Prediction for Today (April 2)
2025-04-02 13:35:12
Grayscale Files to Launch an ETF That Would Track 75% of the Digital Asset Market Excluding Meme Coins and Stablecoins
2025-04-02 13:35:12
Monero (XMR) and Ondo (ONDO) Lose Strength – Here Is Why
2025-04-02 13:30:12
Continuation from NFL CONSTITUTION Parts 1 & 2. (We the Miami Dolphins 🐬 Perfect Season 1972)
2025-04-02 13:30:12
Pub Dog Colorado Is Featured on the New Monopoly: Colorado Springs Edition Game Board
2025-04-02 13:25:12
Grayscale Files S-3 Form with the US Securities and Exchange Commission (SEC) on April 1 to Register Its Multi-Asset
2025-04-02 13:25:12

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...