What is the issuance and circulation of UNUS SED LEO (LEO) coins?

UNUS SED LEO, a utility token for the iFinex ecosystem, offers benefits like reduced trading fees and access to exclusive airdrops and promotions to encourage its use and support for the ecosystem's growth.

Dec 10, 2024 at 08:44 pm

What is the Issuance and Circulation of UNUS SED LEO (LEO) Coins?

UNUS SED LEO (LEO) is the native utility token of the iFinex ecosystem, which includes the Bitfinex and Ethfinex cryptocurrency exchanges. LEO was launched in May 2019 as a way to reward users of the iFinex platforms and to provide them with a variety of benefits.

LEO is an ERC-20 token that runs on the Ethereum blockchain. It has a total supply of 1 billion tokens, of which 65% (650 million) were sold in a private sale to raise funds for the development of the iFinex ecosystem. The remaining 35% (350 million) of LEO tokens were allocated to the iFinex team and to the Bitfinex Treasury.

LEO tokens are used to pay for fees on the Bitfinex and Ethfinex exchanges, to participate in LEO Staking, and to access exclusive features and benefits. LEO Staking is a program that allows users to earn rewards by locking up their LEO tokens for a period of time. The rewards are paid out in LEO tokens, and the amount of rewards earned is based on the amount of LEO staked and the length of time it is staked.

LEO tokens are also used to access exclusive features and benefits on the Bitfinex and Ethfinex exchanges. These benefits include:

• Reduced trading fees
• Access to higher trading limits
• Priority customer support
• Exclusive airdrops and promotions

The issuance and circulation of LEO tokens is designed to create a sustainable ecosystem that benefits both users of the iFinex platforms and the iFinex team. By using LEO tokens to pay for fees, participate in LEO Staking, and access exclusive features and benefits, users can help to support the growth and development of the iFinex ecosystem.

Here are some additional details about the issuance and circulation of LEO tokens:

-The private sale of LEO tokens raised $1 billion. The private sale was conducted in May 2019 and saw 65% of the total supply of LEO tokens sold to a select group of investors. The funds raised from the private sale were used to develop the iFinex ecosystem, including the launch of the LEO Staking program and the addition of new features and benefits to the Bitfinex and Ethfinex exchanges.

• The remaining 35% of LEO tokens are held by the iFinex team and the Bitfinex Treasury. These tokens are used to support the growth and development of the iFinex ecosystem, including the development of new products and services, the expansion of the iFinex team, and the marketing and promotion of the Bitfinex and Ethfinex exchanges.
• LEO tokens are traded on a variety of cryptocurrency exchanges. LEO tokens are listed on some of the world’s leading cryptocurrency exchanges, including Binance, Huobi, OKEx, and Coinbase. This makes it easy for users to buy, sell, and trade LEO tokens.
• The iFinex team is committed to the long-term success of LEO. The iFinex team believes that LEO has the potential to become one of the most successful utility tokens in the cryptocurrency market. The team is working hard to develop new features and benefits for LEO holders, and to promote the adoption of LEO by users of the iFinex platforms.