UNUS SED LEO
UNUS SED LEO
Experience reduced trading fees, enhanced services, and exclusive benefits with the revolutionary LEO token, designed to empower traders and investors alike.
Discover the story behind the token and how it's transforming the cryptocurrency exchange landscape
UNUS SED LEO, named after a Latin citation from Aesop's fables meaning "One, but a lion," is a utility token designed to empower the Bitfinex ecosystem and its users. Launched in May 2019, the LEO coin has quickly established itself as one of the top utility tokens in the cryptocurrency market.
As the official utility token of Bitfinex, one of the world's leading cryptocurrency exchanges, LEO provides holders with significant advantages across the platform's services, creating a seamless and rewarding trading experience.
LEO token holders enjoy up to 25% discounts on trading fees across the Bitfinex platform, making it more economical for frequent traders.
With an innovative burn mechanism, LEO tokens are continuously removed from circulation, potentially enhancing token value over time.
Since its launch, the LEO token has demonstrated strong market performance and utility, backed by the established Bitfinex platform.
Explore the unique benefits and advantages of the LEO token ecosystem
LEO token holders receive up to 25% discount on trading fees across all pairs on Bitfinex, including cryptocurrencies, stablecoins, and margin trading services.
Bitfinex commits to using at least 27% of consolidated revenues to purchase and burn outstanding LEO tokens, creating a deflationary model that reduces supply over time.
LEO coin holders receive priority processing for withdrawals, deposits, and customer support requests, ensuring faster service during high-volume periods.
Enjoy reduced borrowing costs when using LEO as collateral for margin trading and better rates when providing funding to other traders on the platform.
The LEO token operates on both Ethereum (ERC-20) and EOS (EOS.IO) blockchains, providing flexibility and wider compatibility across the crypto ecosystem.
As new features are added to the Bitfinex platform, LEO token holders gain early access and additional benefits, ensuring long-term utility and value.
Understanding the distribution, supply, and economic model of the LEO coin
The UNUS SED LEO token was designed with a clear focus on long-term sustainability and utility. With an initial supply of 1 billion tokens, LEO operates on a unique deflationary model where tokens are continuously removed from circulation through regular burn events.
Bitfinex commits to using at least 27% of its consolidated revenues to repurchase circulating LEO tokens at market rates. Additionally, 95% of recovered funds from the 2016 Bitfinex hack will be used to buy and burn LEO tokens. This progressive burn mechanism is transparently tracked on the blockchain, creating potential scarcity over time.
Follow these simple steps to purchase and hold LEO coins
Sign up on the official Bitfinex platform and complete the verification process to gain access to LEO token trading.
Fund your Bitfinex account using cryptocurrencies or fiat currency through the available deposit methods.
Once your account is funded, you can purchase LEO tokens through various trading pairs available on the platform.
After purchasing, decide whether to keep your LEO tokens on the exchange or transfer them to a personal wallet for added security.
Find answers to common questions about the LEO token and ecosystem
UNUS SED LEO (LEO) is a utility token that powers the Bitfinex ecosystem. The name comes from a Latin citation from Aesop's fables, meaning "One, but a lion." LEO token holders enjoy benefits such as reduced trading fees, improved margin funding rates, and various platform enhancements across the Bitfinex suite of services.
You can purchase LEO tokens directly on the Bitfinex exchange or through other major cryptocurrency exchanges that have listed the token. To buy on Bitfinex, you need to create an account, complete verification, deposit funds, and then place an order for LEO/USD, LEO/BTC, or other available trading pairs.
LEO token holders receive various benefits across the Bitfinex platform, including up to a 25% discount on trading fees, reduced borrowing costs, improved priority for fiat withdrawals and deposits, and special access to new features and services. Additionally, Bitfinex commits to using at least 27% of its past and future revenues to buy back and burn LEO tokens until none remain in circulation.
The initial supply of LEO tokens was 1 billion, split between Ethereum (ERC-20) and EOS blockchains. However, unlike many cryptocurrencies, LEO has a unique burn mechanism where tokens are continuously removed from circulation. Bitfinex uses 27% of its revenues to buy back and burn LEO tokens, gradually reducing the total supply over time until eventually no tokens remain in circulation.
Yes, LEO token is built on established blockchain protocols (Ethereum and EOS), which provide robust security through their decentralized consensus mechanisms. As a utility token from Bitfinex, one of the longest-running cryptocurrency exchanges, LEO also benefits from the company's extensive security experience and infrastructure. However, as with any digital asset, users should follow best practices for cryptocurrency security, including using secure wallets and enabling all available security features.
The LEO token burn mechanism operates through regular repurchasing events where Bitfinex uses at least 27% of its consolidated revenues to buy back LEO tokens at market rates. These repurchased tokens are then permanently removed from circulation by sending them to a burn address. Additionally, 95% of any funds recovered from the 2016 Bitfinex hack will be used to buy and burn LEO tokens. All burn transactions are recorded on the blockchain and can be verified publicly, ensuring transparency in the process.
Experience the benefits of the premier exchange utility token and become part of the growing ecosystem of traders, investors, and cryptocurrency enthusiasts.
Start Trading LEO