The live UNUS SED LEO (LEO) price is 9.6, with a 24 hours Blynex trading volume of 2.97 M. The price of UNUS SED LEO changed by 2.21% in the past 24 hours. With a circulating supply of 923.8 M LEO and a maximum supply of 985.24 M LEO coins. UNUS SED LEO currently ranks #11 in market cap. You have the option to purchase UNUS SED LEO (LEO) on the Blynex exchange.
Date of Issue: 21.05.2019
UNUS SED LEO (LEO) is distinguished by its innovative token burn mechanism....
More
24H Value
2.97 M
Market Cap(USD)
8.87 B
Circulating
923.8 M
Total Supply
985.24 M
(LEO) UNUS SED LEO Live Price Data
About UNUS SED LEO (LEO)
UNUS SED LEO (LEO) is distinguished by its innovative token burn mechanism. Buying LEO on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy UNUS SED LEO (LEO).
What is UNUS SED LEO (LEO)?
UNUS SED LEO is distinguished by its innovative token burn mechanism. Each month, iFinex commits to buying back and burning a portion of LEO tokens, which is at least 27% of the revenues generated by the company. This burn process continues regularly, and its ultimate goal is to redeem 100% of the tokens. This ensures long-term value for token holders and a decreasing supply over time.
Dual Blockchain Launch for Greater Flexibility
Unlike many cryptocurrencies that operate solely on one blockchain, UNUS SED LEO made its debut across two. 64% of its initial supply was issued on Ethereum, while the remaining 36% was made available on EOS. This dual blockchain strategy offers users more flexibility and security, ensuring that LEO tokens can be utilized across different ecosystems with ease.
Decreasing Supply Through Regular Burns
UNUS SED LEO's circulating supply is designed to shrink gradually. The initial supply of LEO tokens was capped at 1 billion, but the total circulating supply is set to decrease over time as a result of the burn mechanism. This means that with each passing month, the number of tokens available on the market will reduce, potentially increasing the value of the remaining tokens in circulation.
Initial Token Sale and Fundraising Success
During its token sale, LEO was sold at a fixed rate of $1 per token, corresponding to the value of the Tether stablecoin. This method of sale allowed iFinex to raise a total of $1 billion within 10 days. With 660 million ERC-20 tokens and 340 million EOS-based tokens, the project attracted considerable attention, ensuring a strong foundation for the future development of the Bitfinex ecosystem.
Bitfinex’s Commitment to the Community
The launch of UNUS SED LEO was not just about offering a new token; it was a move to empower the Bitfinex community. By launching the token across two blockchains, iFinex facilitated seamless conversions between Ethereum and EOS-based tokens. This dual approach is a key element of the project's vision to support users and provide more utility and versatility within the Bitfinex ecosystem.LEO to local currency
- LEO to USD9.455
- LEO to EUR8.544
- LEO to AUD14.965
- LEO to KRW13,606.859
- LEO to JPY1,381.200
- LEO to GBP7.215
- LEO to INR806.741
- LEO to CAD13.289
- LEO to AED34.723
- LEO to RUB794.344
LEO to crypto currency
- LEO to BTC0.0001140616
- LEO to ETH0.0052218812
- LEO to USDT9.452
- LEO to BNB0.016
- LEO to SOL0.082
- LEO to XRP4.607
- LEO to ADA13.801
- LEO to TRX39.615
- LEO to LTC0.114
- LEO to TON2.693
Share this Page
