UNUS SED LEO (LEO) Price

Short for “Token that Unites Supporters and Enables Opportunity”, UNUS SED LEO is a utility token that was launched in May 2019 on the Bitfinex exchange by parent company iFinex. A digital asset on the Ethereum blockchain, LEO is meant to reward activity around Bitfinex applications, including margin trading, derivatives, and peer-to-peer financing services. Its purpose is to incentivize liquidity by providing holders with discounts on fees when purchasing goods & services via provider partners as well as staking rewards for locking up tokens for specific periods of time.

UNUS SED LEO works through the use of ‘moon cycles'. These are periods during which all users who hold at least 1000 tokens can earn interest - and those who hold more than 5000 tokens will receive additional bonuses. During each moon cycle, 25% of total supply will be distributed among eligible recipients via an auction process proportional to their holdings; all unsold tokens will be burned afterwards.

Token holders of Bitfinex receive reduced fees when using Bitfinex products and they also earn loyalty points. These loyalty points can be redeemed for special offers within premium services, including derivatives trading and new token listings. Additionally, users who deposit USD balance into Bitfinex wallets connected with their UNUS SED LEO account can expect to receive even more tokens as rewards.