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UNUS SED LEO LEO |
BUY
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£7.16 |
0.49 % (24h) |
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Marketcap |
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£6,592,374,569 |
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Volume 24h |
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£594,657 |
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Description
UNUS SED LEO (LEO) is a utility token designed for use across the iFinex ecosystem, which includes the Bitfinex and Ethfinex trading platforms. It was launched to support the company's operational recovery and provides holders with a wide range of trading fee discounts and withdrawal fee reductions. The token is notable for its aggressive "burn" mechanism, where iFinex commits to using at least 27% of its consolidated gross revenue to buy back and destroy LEO tokens monthly. This deflationary model is designed to provide long-term value to holders as the exchange ecosystem grows and matures.