Discover undervalued stocks with Eulerpool.

Subscribe for $2
Analyse
Profile
UNUS SED LEO Stock

UNUS SED LEO

LEO

Price

9.51
Today +/-
+0
Today %
+0 %

UNUS SED LEO Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
PayBitoLEO/INR5.95.62 M37,951.496.35 M0.48cex3787/9/2025, 6:21 AM
PayBitoLEO/USDT6.06609,060.290,881.324.79 M0.36cex2687/9/2025, 6:21 AM
PayBitoLEO/USD6.081.75 M180,528.171.62 M0.12cex3147/9/2025, 6:21 AM
CoinUp.ioLEO/USDT9.184,854.335,241.64996,646.460.04cex667/9/2025, 6:18 AM
LBankLEO/USDT9.1415,260.927,504.01823,068.050.04cex1807/9/2025, 6:21 AM
CEEX exchangeLEO/USDT9.091,731.221,612.88801,629.40.06cex17/9/2025, 6:21 AM
PayBitoLEO/SGD6.462.81 M39,374.62522,855.510.04cex3497/9/2025, 6:21 AM
VOOX ExchangeLEO/USDT9.1417,55818,518.13286,501.310.05cex1137/9/2025, 6:21 AM
GroveXLEO/USDT9.093,290.262,490.69182,931.020.01cex1047/9/2025, 6:18 AM
Zedcex ExchangeLEO/USDT9.1139.2560.42139,914.750cex17/9/2025, 6:15 AM
1
2
3
4

UNUS SED LEO FAQ

{ "q": "about", "a": "UNUS SED LEO is a utility token utilized across the iFinex ecosystem. Its unique name is derived from a Latin phrase found in one of Aesop’s fables.\n\nThis cryptocurrency provides Bitfinex users with the benefit of reduced trading fees. The level of the discount is contingent upon the amount of LEO held in a user's account, with savings distributed across three tiers. These savings vary depending on whether the trading pair is crypto-to-crypto or crypto-to-stablecoin.\n\nUNUS SED LEO was launched in May 2019 and, distinct from many other cryptocurrencies, it is not intended to exist indefinitely.", "rank": "2" }

What Distinguishes UNUS SED LEO?

A token burn mechanism indicates that iFinex is dedicated to repurchasing UNUS SED LEO from the market on a monthly basis. The quantity purchased and burned is equivalent to at least 27% of the revenues generated by iFinex, and the tokens are acquired at the prevailing market rate. In a press release at that time, the company stated: “The burn mechanism will continue until 100% of tokens have been redeemed.” Unlike some cryptocurrencies that are launched on a single blockchain, LEO tokens were issued on two blockchains. While 64% of the original supply was on Ethereum, the remaining 36% was available on EOS.

What is the Circulating Supply of UNUS SED LEO (LEO) Coins?

As previously mentioned, the circulating supply of LEO tokens is designed to decrease over time. Initially, the total supply was established at 1 billion. LEO tokens were sold at a rate of $1 each in direct exchange for the Tether stablecoin, resulting in a total of $1 billion being raised over a 10-day period. At launch, there were 660 million ERC-20 tokens as well as 340 million EOS-based tokens. Bitfinex facilitates easy conversions between the two chains. At that time, the company described the dual protocol launch as “unique” and asserted that it would empower the Bitfinex community.

UNUS SED LEO Token Utility

The UNUS SED LEO token offers reductions in taker fees and lending fees across all platforms, products, and services provided by iFinex. Additionally, the LEO Token provides a discount on withdrawal and deposit fees of up to 25%, along with a reduction in derivatives taker fees. These discounts are applicable to both Bitfinex and EOSfinex, as both platforms are operated under the iFinex umbrella. Future platforms developed under the iFinex umbrella will also offer similar discounts to LEO token holders. The fee deduction of up to 25% will be applied in LEO first, assuming the trader holds these tokens in their portfolio. Additionally, users who maintain an average holding of over $50 million worth of LEO tokens over the past month can withdraw up to $2 million without incurring additional fees. Withdrawals exceeding $2 million are subject to a 2% fee instead of the standard 3%. It is also important to note that a LEO token burn is implemented to decrease the supply over time. According to the whitepaper, iFinex conducts monthly token burns where they repurchase LEO tokens equivalent to at least 27% of the consolidated gross revenue generated by iFinex in the previous month.

Investors interested in UNUS SED LEO are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.