What is UNUS SED LEO?
UNUS SED LEO (LEO) is the native utility token of the decentralized exchange - Bitfinex.
It’s deployed on the ETH and EOS networks where ETH holds 64% of the total supply while EOS holds 36%. Bitfinex serves as a bridge between these networks. This makes the UNUS SED LEO token easy to transfer from one blockchain to another.
It employs a dual-protocol model whose main goal is to facilitate the development of interoperability.
In order to make an informed purchase decision, you can have a more in-depth look at the UNUS SED LEO price on the graph above.
If you’re thinking that the UNUS SED LEO token sounds a bit unusual, you’re absolutely right. It’s a Latin quote from one of Aesop’s fables - “The Sow and the Lioness”. In this fable, the sow and the lioness converse about their children. The sow boasts about the numerous children she has beared while the lioness listens. When asked how many children the lioness has brought into this world, she responds with “Unus sed leo”. When translated from Latin, this phrase means “Only one, but a lion”.
Before making any purchases please note that since it's a cryptocurrency, LEO price tends to fluctuate.
What are the Main Features of UNUS SED LEO?
Exclusive discounts on trading fees. When trading on the iFinex ecosystem which includes DEXs such as Bitfinex and DeversiFi, LEO token holders benefit from lower fees. How low these fees are is based on the amount of LEO owned.
Burn mechanism. iFinex is in the process of buying back all of the LEO tokens and pulling them out of market circulation. They’re bought at the market rate. This process is repeated every month.
Who Developed UNUS SED LEO?
UNUS SED LEO crypto project was introduced by iFinex in May of 2019. The main reason for launching the LEO token was to recover the money lost due to an 18.5 million dollar fine. The goal of iFinex is to eventually buy back all of the LEO tokens.