{"id":20521,"date":"2019-12-08T09:00:06","date_gmt":"2019-12-08T08:00:06","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=20521"},"modified":"2023-03-28T15:56:37","modified_gmt":"2023-03-28T15:56:37","slug":"unus-sed-leo","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/unus-sed-leo\/","title":{"rendered":"UNUS SED LEO [LEO] What is it and what is it for?"},"content":{"rendered":"

Since Binance launched its BNB token<\/strong><\/a> to give extra benefits to its Exchange users, other cryptocurrency exchanges have done the same and created their utility tokens. Today we are going to talk about UNUS SED LEO the Bitfinex token.<\/strong><\/p>\n

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UNUS SED LEO, is a utility token designed to empower the Bitfinex community and offer them great benefits on the platform, such as discounts on transactions.<\/p>\n

“LEO will be the utility token at the heart of the iFinex ecosystem. Token holders will experience benefits across the entire portfolio and are expected to obtain benefits from future projects, products, and services, whether or not detailed within this white paper.”, they state on their WhitePaper.<\/em><\/p>\n

The token was launched by iFinex, the parent company of Bitfinex and Theter among others. iFinex began operations in 2012 and has become one of the most recognized companies in the crypto sector.<\/p>\n

UNUS SED LEO<\/strong><\/h2>\n

At its launch, the [LEO] tokens were issued so that they were compatible with both the Ethereum blockchain and the EOS blockchain<\/strong>, which they called “dual protocol launch.”<\/strong><\/p>\n

Thanks to this, users get greater flexibility and ease of use, and through Bitfinex they can easily switch from Ethereum LEO-ERC20 to EOS LEO-EOS, Bitfinex is responsible for adjusting the wallet balance so that Users don’t have to worry about anything.<\/p>\n

At the launch of the token, 660 million tokens based on Ethereum and 340 million tokens based on EOS were issued.<\/p>\n

\"unus-sed-leo\"<\/p>\n

Initial benefits of UNUS SED LEO<\/strong><\/h3>\n

As we have said before, LEO tokens have benefits for Bitfinex users and although these benefits will increase over time, token holders will benefit from:<\/p>\n