All about UNUS SED LEO

What Makes UNUS SED LEO Unique?

A token burn mechanism means iFinex is committed to buying back UNUS SED LEO from the market on a monthly basis. The amount that’s purchased and burned is equal to at least 27% of the revenues generated by iFinex — and tokens are also purchased at the market rate. In a news release at the time, the company said: “The burn mechanism will continue until 100% of tokens have been redeemed.”

UNUS SED LEO (LEO) is a utility token developed for use within the iFinex ecosystem, which includes platforms like Bitfinex and Ethfinex. The token’s name is derived from a Latin phrase meaning “one, but a lion,” reflecting strength and uniqueness, and it is believed to be inspired by Aesop’s fables. As of now, the live price of UNUS SED LEO is approximately $9.53 USD, with a 24-hour trading volume of around $414,057.76 USD. It is essential to verify current prices and trading details as they fluctuate in real time.

Whereas some cryptocurrencies just launch on a single blockchain, LEO tokens were issued on two blockchains. While 64% of the original supply was on Ethereum, the remaining 36% could be found on EOS.

How Many UNUS SED LEO (LEO) Coins Are There in Circulation?

As we mentioned, the circulating supply of LEO tokens is designed to diminish over time. Originally, the total supply was set at 1 billion.

LEO was sold for $1 apiece on a 1:1 basis with the Tether stablecoin, meaning that a total of $1 billion was raised over a 10-day period.

There were 660 million ERC-20 tokens at launch, as well as 340 million EOS-based tokens — and Bitfinex allows conversions between the two chains to be made with ease.

At the time, the company described the dual protocol launch as “unique” — and vowed that it would empower the Bitfinex community.

What is Leo coin?

The LEO Token (LEO) is a utility token primarily used on the Bitfinex exchange and other platforms managed by its parent company, iFinex. It provides several benefits to users, including: Trading Fee Discounts: LEO holders receive reduced taker and lending fees on the Bitfinex exchange.

What is the maximum supply of Unus sed Leo?

UNUS SED LEO Price Today

UNUS SED LEO’s All Time High (ATH) of $ 9.64 was reached on 11 Dec 2024, and is currently -0.79% down. The current circulating supply of UNUS SED LEO is 924.51 Million tokens, and the maximum supply of UNUS SED LEO is 985.24 Million.

What does unus sed leo mean in english?

UNUS SED LEO is derived from a Latin phrase meaning ‘one, but a lion‘.

When was Leo Coin launched?

UNUS SED LEO was initially launched by the cryptocurrency exchange Bitfinex in May 2019.

What is unus sed leo?

UNUS SED LEO is a cryptocurrency that describes itself as “the utility token at the heart of the iFinex ecosystem.” It’s designed to be used on the Bitfinex cryptocurrency exchange as a way of reducing trading, lending, and other exchange fees.

What is the max supply of Leo coin?

LEO has a circulating supply of 924.51M coins and a max supply of 985.24M LEO.

Is Leo on Binance?

Note: This coin is not listed on Binance for trading and services.