Leo Token leo

Leo Token price today is USD 6.06 and the trading volume in 24 hour is USD 2,809,964. Price change in the LEO price in the last 24 hour is 0.022 . It has a circulating supply of 926,790,869.9 coins and a total supply of 985,239,504. Total market cap of the LEO is USD 5,615,060,631 which has the movement of 0.593 in the last 24 hours

The UNUS SED LEO (LEO) is a cryptocurrency for the BitFinex Exchange. Unlike other similar exchange tokens like Binance Coin or the KuCoin Shares token, it was created in response to a financial loss for the Bitfinex exchange of $850 million. BitFinex announced it would conduct a private offering for $1 billion for its token Unus Sed Leo to alleviate the cash shortfall. UNUS SED LEO tokens were released in May 2019 and used 27% of the transaction fees it collects to purchase and burn the tokens

The LEO cryptocurrency was launched by iFinex, the parent company of Bitfinex, which is one of the oldest cryptocurrency exchanges in existence, formed in 2012. The subsequent controversy from the hack put Bitfinex in a terrible place in the eyes of investors. LEO was created in response

The main reasons to invest in UNUS SED LEO include: - A token burn mechanism means iFinex is committed to buying back UNUS SED LEO from the market every month. - The amount purchased and burned equals at least 27% of the revenues generated by iFinex - The burning mechanism will continue until 100% of tokens have been burned from the supply