- Users of Bitfinex may save money on trading costs thanks to the crypto.
- iFinex has a token burn mechanism, and it will purchase back LEO tokens.
In the iFinex ecosystem, UNUS SED LEO serves as a utility token. An Aesop’s fable-inspired Latin quotation inspired the odd name. Users of Bitfinex may save money on trading costs thanks to the cryptocurrency.
It depends on how much LEO the user has in their account, and there are three categories of discounts available. Whether one is trading crypto-to-crypto or crypto-to-stablecoin, the price will fluctuate. In May 2019, UNUS SED LEO came into existence, and unlike many other cryptocurrencies, intended to survive indefinitely. LEO is the trading symbol for the UNUS SED LEO cryptocurrency.
iFinex has a token burn mechanism and will purchase back UNUS SED LEO tokens from the market every month. iFinex’s revenues are at least 27 percent of the amount bought and burnt. Tokens are also acquired at the market pricing for that amount.
Issued on Two Separate Blockchains
Unlike other cryptocurrencies, the LEO token was issued on two separate blockchains. While 64 percent of the initial supply was located on Ethereum, the remaining 36 percent could be obtained on EOS. The utility token utilized in the iFinex ecosystem has a bright future. Because the utility token’s rate of return is based on how much LEO a user has, it encourages holding and, as a result, raises the price.
According to CoinMarketCap, the UNUS SED LEO price today is $4.51 USD with a 24-hour trading volume of $7,323,603 USD. UNUS SED LEO has been up 21.28% in the last 24 hours, with a market cap of $4,306,893,823 USD.
