Headlines are updated in real time. Click on a headline to the left to read the news.
LEO Token, also known as UNUS SED LEO, is a unique cryptocurrency that was launched in May 2019. Unlike many other digital currencies, LEO Token is not designed to exist forever. Instead, it's a utility token used across the iFinex ecosystem, with its primary purpose being to save Bitfinex users money on trading fees. The extent of the discount depends on the amount of LEO a customer holds in their account.
LEO Token was created by iFinex, the parent company of Bitfinex. The company decided to launch the LEO Token after Crypto Capital, the company that processed its payments, had part of its funds seized by the government. To cover the financial shortfall, iFinex unveiled plans to gradually buy back the token from investors until none are left circulating in the marketplace.
The original total supply of LEO tokens was set at 1 billion. The tokens were sold for $1 each on a 1:1 basis with the Tether stablecoin, raising a total of $1 billion over a 10-day period. There were 660 million ERC-20 tokens and 340 million EOS-based tokens at launch, and Bitfinex allows conversions between the two chains to be made with ease. The circulating supply of LEO tokens is designed to diminish over time due to a token burn mechanism implemented by iFinex.
LEO Token can be purchased on various cryptocurrency exchanges. However, it's important to do your own research and choose a reputable exchange that offers the best security and transaction fees.
LEO Token is primarily used to save Bitfinex users money on trading fees. The token offers taker fee reduction, lending fee reduction, and a withdrawal and deposit fee discount of up to 25% for all platforms, products, and services provided by iFinex. These discounts apply to Bitfinex and EOSfinex, as both platforms operate under the iFinex banner. Any future platforms built under the iFinex banner will offer similar discounts to LEO token holders.
One of the most significant recent developments for LEO Token is the token burn mechanism implemented by iFinex. This mechanism is designed to gradually reduce the circulating supply of LEO tokens. iFinex is committed to buying back LEO tokens from the market on a monthly basis, with the amount purchased and burned being equal to at least 27% of the revenues generated by iFinex. The tokens are also purchased at the market rate. This burn mechanism will continue until 100% of the tokens have been redeemed.
Bitfinex, the platform behind LEO Token, has made significant upgrades to its trading platform. The updates include improvements to the Spread Ladder and Derivatives platform, and the introduction of a new feature, Spread Ladder trades, which allows traders to enter multiple incremental buy or sell orders for any crypto asset. This is great news for those interested in the LEO Token price today, as it provides more tools for trading.
In recent news about LEO Token, Bitfinex Derivatives has expanded its portfolio to include a range of perpetual contracts for UK Crude Oil, Palladium, Platinum, and three major Asian Equity indices. These contracts offer users up to 100x leverage and are settled in Tether tokens (USDt), providing more options for those wondering where to buy LEO Token and other assets.
Bitfinex has announced the listing of several new tokens, including Wrapped Minima, Onomy Protocol (NOM), CryptoGPT’s native GPT token, Origin Protocol Native Token OGN, and Toncoin (TON). This expansion of offerings could potentially impact the LEO Token price, as it brings more users and liquidity to the platform.
Bitfinex Securities, a digital securities exchange powered by Bitfinex, has opened a regional office in Astana, Kazakhstan. This strategic move allows for regular engagement with Astana Financial Services Authority regulators, potentially leading to more stability and trust in the platform, which could indirectly affect the LEO Token price.
In conclusion, the LEO Token news today reveals a period of growth and expansion for Bitfinex, with platform improvements, new listings, and strategic global expansion. These developments could potentially influence the LEO Token price and its future trajectory.
Headlines are updated in real time. Click on a headline to the left to read the news.
LEO Token, also known as UNUS SED LEO, is a unique cryptocurrency that was launched in May 2019. Unlike many other digital currencies, LEO Token is not designed to exist forever. Instead, it's a utility token used across the iFinex ecosystem, with its primary purpose being to save Bitfinex users money on trading fees. The extent of the discount depends on the amount of LEO a customer holds in their account.
LEO Token was created by iFinex, the parent company of Bitfinex. The company decided to launch the LEO Token after Crypto Capital, the company that processed its payments, had part of its funds seized by the government. To cover the financial shortfall, iFinex unveiled plans to gradually buy back the token from investors until none are left circulating in the marketplace.
The original total supply of LEO tokens was set at 1 billion. The tokens were sold for $1 each on a 1:1 basis with the Tether stablecoin, raising a total of $1 billion over a 10-day period. There were 660 million ERC-20 tokens and 340 million EOS-based tokens at launch, and Bitfinex allows conversions between the two chains to be made with ease. The circulating supply of LEO tokens is designed to diminish over time due to a token burn mechanism implemented by iFinex.
LEO Token can be purchased on various cryptocurrency exchanges. However, it's important to do your own research and choose a reputable exchange that offers the best security and transaction fees.
LEO Token is primarily used to save Bitfinex users money on trading fees. The token offers taker fee reduction, lending fee reduction, and a withdrawal and deposit fee discount of up to 25% for all platforms, products, and services provided by iFinex. These discounts apply to Bitfinex and EOSfinex, as both platforms operate under the iFinex banner. Any future platforms built under the iFinex banner will offer similar discounts to LEO token holders.
One of the most significant recent developments for LEO Token is the token burn mechanism implemented by iFinex. This mechanism is designed to gradually reduce the circulating supply of LEO tokens. iFinex is committed to buying back LEO tokens from the market on a monthly basis, with the amount purchased and burned being equal to at least 27% of the revenues generated by iFinex. The tokens are also purchased at the market rate. This burn mechanism will continue until 100% of the tokens have been redeemed.
Bitfinex, the platform behind LEO Token, has made significant upgrades to its trading platform. The updates include improvements to the Spread Ladder and Derivatives platform, and the introduction of a new feature, Spread Ladder trades, which allows traders to enter multiple incremental buy or sell orders for any crypto asset. This is great news for those interested in the LEO Token price today, as it provides more tools for trading.
In recent news about LEO Token, Bitfinex Derivatives has expanded its portfolio to include a range of perpetual contracts for UK Crude Oil, Palladium, Platinum, and three major Asian Equity indices. These contracts offer users up to 100x leverage and are settled in Tether tokens (USDt), providing more options for those wondering where to buy LEO Token and other assets.
Bitfinex has announced the listing of several new tokens, including Wrapped Minima, Onomy Protocol (NOM), CryptoGPT’s native GPT token, Origin Protocol Native Token OGN, and Toncoin (TON). This expansion of offerings could potentially impact the LEO Token price, as it brings more users and liquidity to the platform.
Bitfinex Securities, a digital securities exchange powered by Bitfinex, has opened a regional office in Astana, Kazakhstan. This strategic move allows for regular engagement with Astana Financial Services Authority regulators, potentially leading to more stability and trust in the platform, which could indirectly affect the LEO Token price.
In conclusion, the LEO Token news today reveals a period of growth and expansion for Bitfinex, with platform improvements, new listings, and strategic global expansion. These developments could potentially influence the LEO Token price and its future trajectory.