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LEO, also known as UNUS SED LEO, is a utility token issued by the Bitfinex cryptocurrency exchange. Launched in May 2019, it operates on both the Ethereum and EOS blockchains, allowing users to choose the network that best suits their needs. The token functions as the native asset of the Bitfinex platform, providing holders with reduced trading, lending, and withdrawal fees, as well as access to promotional offers and rewards programs. Beyond fee discounts, LEO grants its holders a degree of participation in platform governance, enabling them to vote on certain operational decisions related to the exchange. The token also features a buyback and burn mechanism, in which a portion of Bitfinex's revenue is used to repurchase LEO from the open market and permanently remove it from circulation. As an exchange-based token tied to one of the longer-standing centralized exchanges in the industry, LEO is categorized within the Ethereum and Sora ecosystems. Its design is intended to align the interests of the platform with those of its users by tying token utility directly to exchange activity.

LEO Token (LEO) — FAQ

  1. What is LEO Token?

    LEO (UNUS SED LEO) is a utility token issued by the Bitfinex exchange, and since its launch in May 2019, it has become a central part of the platform’s ecosystem.

  2. When was LEO Token launched?

    LEO Token (LEO) launched on 2019-05-20.

  3. What kind of project is LEO Token?

    LEO Token (LEO) is categorised as: Exchange-based Tokens, Centralized Exchange (CEX) Token, Ethereum Ecosystem.

  4. Where is LEO Token's official website?

    The official LEO Token site is https://www.bitfinex.com/.

  5. What's the latest LEO Token news on Zipp?

    Most recent LEO Token coverage: "DEXE Surges 26.6% as CMC Top 10 Holds Steady" — read at /en-US/a/dexe-surges-266-as-cmc-top-10-holds-steady.