LEO

UNUS SED LEOLEO

Rank #20
Token
On 54,493 watchlists

UNUS SED LEO Price (LEO)

$3.89
0.47%

0.0002301 BTC0.32%

0.003057 ETH0.86%

Low:$3.79
High:$4.00
24h
LEO  UNUS SED LEO LEO
Price:
$3.89
 0.47%
Market Cap
$3,713,036,385
0.47%
24h Volume / Market Cap
0.001
Fully Diluted Market Cap
$3,834,807,158
0.47%
Volume
24h
$3,679,361
3.96%
CEX Vol
$3,679,360.77
DEX Vol
--
Circulating Supply
953,954,130.00 LEO
Max Supply
--
Total Supply
985,239,504

UNUS SED LEO to USD Chart

Loading Data

Please wait, we are loading chart data

LEO to USD Converter

LEO

UNUS SED LEO

USD

United States Dollar

LEO Price Statistics

UNUS SED LEO Price Today
UNUS SED LEO Price$3.89
Price Change24h-$0.01842
0.47%
24h Low / 24h High
$3.79 /
$4.00
Trading Volume24h$3,679,360.78
3.96%
Volume / Market Cap0.0009909
Market Dominance0.44%
Market Rank#20
UNUS SED LEO Market Cap
Market Cap$3,713,036,384.64
0.47%
Fully Diluted Market Cap$3,834,807,157.80
0.47%
UNUS SED LEO Price Yesterday
Yesterday's Low / High
$3.76 /
$3.93
Yesterday's Open / Close
$3.77 /
$3.93
Yesterday's Change

4.13%

Yesterday's Volume$3,312,756.32
UNUS SED LEO Price History
7d Low / 7d High
$3.76 /
$4.37
30d Low / 30d High
$3.45 /
$4.78
90d Low / 90d High
$3.45 /
$5.42
52 Week Low / 52 Week High
$3.36 /
$8.04
All Time High
Feb 08, 2022 (10 months ago)
$8.04
51.60%
All Time Low
Dec 25, 2019 (3 years ago)
$0.8036
384.38%
UNUS SED LEO ROI

269.95%

UNUS SED LEO Supply
Circulating Supply953,954,130 LEO
Total Supply985,239,504 LEO
Max Supply985,239,504 LEO

LEO to USD Converter

LEO

UNUS SED LEO

USD

United States Dollar

LEO Price Live Data

The live UNUS SED LEO price today is $3.89 USD with a 24-hour trading volume of $3,679,361 USD. We update our LEO to USD price in real-time. UNUS SED LEO is down 0.47% in the last 24 hours. The current CoinMarketCap ranking is #20, with a live market cap of $3,713,036,385 USD. It has a circulating supply of 953,954,130 LEO coins and the max. supply is not available.

If you would like to know where to buy UNUS SED LEO at the current rate, the top cryptocurrency exchanges for trading in UNUS SED LEO stock are currently OKX, DigiFinex, LBank, Gate.io, and BTSE. You can find others listed on our crypto exchanges page.

What Is UNUS SED LEO (LEO)?


UNUS SED LEO is a utility token that’s used across the iFinex ecosystem. The unusual name is based on a Latin citation from one of Aesop’s fables.

The cryptocurrency allows Bitfinex users to save money on trading fees. The extent of the discount depends on how much LEO that the customer has in their account — and the savings on offer are spread across three tiers. There are fluctuations depending on whether a trading pair is crypto-to-crypto, or crypto-to stablecoin.

UNUS SED LEO launched in May 2019 — and unlike many other cryptocurrencies out there, it is not designed to exist forever.

Who Are the Founders of UNUS SED LEO?


UNUS SED LEO was founded by iFinex after Crypto Capital, the company that processed its payments, saw part of its funds seized by the government. IFinex is the parent company of Bitfinex, which warned that it may not be possible to recover these funds. To cover the financial shortfall, it decided to launch the LEO token.

To make good the money lost, iFinex unveiled plans to gradually buy back the token from investors until none are left circulating in the marketplace. A transparency initiative was also launched so the crypto community could monitor the initiative’s progress, and ensure it was meeting stated targets.

What Makes UNUS SED LEO Unique?

A token burn mechanism means iFinex is committed to buying back UNUS SED LEO from the market on a monthly basis. The amount that’s purchased and burned is equal to at least 27% of the revenues generated by iFinex — and tokens are also purchased at the market rate. In a news release at the time, the company said: “The burn mechanism will continue until 100% of tokens have been redeemed.”

Whereas some cryptocurrencies just launch on a single blockchain, LEO tokens were issued on two blockchains. While 64% of the original supply was on Ethereum, the remaining 36% could be found on EOS.

Related Pages:

Discover the newest cryptocurrencies added to CoinMarketCap

Read our straightforward crypto how-to guides

LEO Token Utility

The token offers taker fee reduction and lending fee reduction for all platforms, products and services provided by iFinex. Additionally, the LEO Token includes a withdrawal and deposit fee discount of up to 25% and a derivatives taker fee reduction. Furthermore, these discounts apply to Bitfinex and EOSfinex, as both platforms operate under the iFinex banner. Any future platforms built under the iFinex banner will offer similar discounts to LEO token holders.

That deduction of up to 25% will be deducted in LEO first, assuming the trader has those tokens in their portfolio. Moreover, the withdrawal and deposit fee discounts are accessible to any user holding over $50 million worth of LEO tokens (on average over the past month) to withdraw up to $2 million without additional fees. Any amount above $2 million is subject to a 2% fee, rather than 3%.

It is worth mentioning there is a LEO token burn to deflate the supply over time. In the whitepaper, it is mentioned there are monthly token burns during which iFinex buys back LEO amounts equal to at least 27% of the consolidated gross revenue generated by iFinex the previous month.

How Many UNUS SED LEO (LEO) Coins Are There in Circulation?

As we mentioned, the circulating supply of LEO tokens is designed to diminish over time. Originally, the total supply was set at 1 billion.

LEO was sold for $1 apiece on a 1:1 basis with the Tether stablecoin, meaning that a total of $1 billion was raised over a 10-day period.

There were 660 million ERC-20 tokens at launch, as well as 340 million EOS-based tokens — and Bitfinex allows conversions between the two chains to be made with ease.

At the time, the company described the dual protocol launch as “unique” — and vowed that it would empower the Bitfinex community.

How Is the UNUS SED LEO Network Secured?


These tokens are based on Ethereum and EOS respectively. A dashboard has been released by Bitfinex that offers up-to-minute information on the current supply, and how many LEO tokens have been burned. Bar charts compare LEO burns on a daily basis.

Where Can You Buy UNUS SED LEO?


UNUS SED LEO is available on Bitfinex, Gate.io, OKEx and others. Common trading pairs connect LEO with the U.S. dollar, the USDT stablecoin, Bitcoin and Ethereum. You can find out more about how to convert fiat currencies into Bitcoin here.

LEO to USD Converter

LEO

UNUS SED LEO

USD

United States Dollar

LEO Price Statistics

UNUS SED LEO Price Today
UNUS SED LEO Price$3.89
Price Change24h-$0.01842
0.47%
24h Low / 24h High
$3.79 /
$4.00
Trading Volume24h$3,679,360.78
3.96%
Volume / Market Cap0.0009909
Market Dominance0.44%
Market Rank#20
UNUS SED LEO Market Cap
Market Cap$3,713,036,384.64
0.47%
Fully Diluted Market Cap$3,834,807,157.80
0.47%
UNUS SED LEO Price Yesterday
Yesterday's Low / High
$3.76 /
$3.93
Yesterday's Open / Close
$3.77 /
$3.93
Yesterday's Change

4.13%

Yesterday's Volume$3,312,756.32
UNUS SED LEO Price History
7d Low / 7d High
$3.76 /
$4.37
30d Low / 30d High
$3.45 /
$4.78
90d Low / 90d High
$3.45 /
$5.42
52 Week Low / 52 Week High
$3.36 /
$8.04
All Time High
Feb 08, 2022 (10 months ago)
$8.04
51.60%
All Time Low
Dec 25, 2019 (3 years ago)
$0.8036
384.38%
UNUS SED LEO ROI

269.95%

UNUS SED LEO Supply
Circulating Supply953,954,130 LEO
Total Supply985,239,504 LEO
Max Supply985,239,504 LEO