About LEO Token
UNUS SED LEO (LEO) is a utility token launched by iFinex Inc. (parent company of Bitfinex) in May 2019. Designed to enhance user experience, LEO offers:
- Trading fee reductions (15% discount on taker fees).
- Lending fee discounts (up to 5% for peer-to-peer financing).
- Withdrawal/deposit fee discounts (up to 25% for high-volume users).
- Fiat withdrawal perks for large holders.
Issued on Ethereum (ERC-20) and EOS blockchains, LEO ensures cross-chain flexibility. A unique token burn mechanism allocates 27% of iFinex’s monthly profits to buy back and destroy LEO tokens, progressively reducing supply.
👉 Discover how LEO boosts trading efficiency
Core Benefits of Holding LEO
Cost Efficiency
- Reduced trading and lending fees.
- Lower withdrawal/deposit costs for active traders.
Ecosystem Integration
- Potential utility across iFinex services.
- Seamless ERC-20/EOS conversions.
Scarcity Mechanism
- Regular token burns to increase scarcity and long-term value.
Background and Issuer
iFinex Inc., a BVI-registered fintech firm, created LEO to address Bitfinex’s 2019 liquidity crisis, raising $1 billion via private sale. Today, LEO is central to Bitfinex’s strategy, fostering user engagement and platform loyalty.
👉 Explore Bitfinex’s ecosystem
FAQs
1. How does LEO’s burn mechanism work?
iFinex uses 27% of monthly profits to repurchase and destroy LEO tokens, decreasing total supply over time.
2. Can I convert ERC-20 LEO to EOS-based LEO?
Yes, Bitfinex supports seamless conversion between both blockchain versions.
3. What are the main perks for LEO holders?
Discounts on trading fees, lending fees, withdrawals/deposits, and fiat transactions.
4. Who issued LEO Token?
iFinex Inc., the parent company of Bitfinex.
5. Is LEO available for public purchase?
LEO was initially sold privately but is now tradable on supported exchanges.
Key Takeaways
- Utility-Driven: LEO optimizes trading costs and platform engagement.
- Deflationary Model: Regular burns enhance token scarcity.
- Multi-Chain: ERC-20 and EOS compatibility ensures flexibility.
For real-time LEO price updates, check trusted crypto tracking platforms.