LEO Token
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LEO Token Info
LEO Token Team
IndividualsLEO Token Intro
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. LEO token holders enjoy various platform benefits, including reduced trading, lending, and withdrawal fees, as well as access to special promotions and rewards programs. The token is issued on both the Ethereum and EOS blockchains, offering users flexibility to choose between different chains based on their preferences.
Bitfinex has implemented a buyback and burn mechanism, whereby a portion of its revenue is regularly used to repurchase and burn LEO tokens, reducing the circulating supply. This deflationary strategy aims to enhance the long-term value of the token, distinguishing LEO in the cryptocurrency market.
Since its issuance, LEO has helped Bitfinex enhance user experience and strengthen its market position. LEO holders can also participate in platform governance, voting on certain operational decisions for Bitfinex, which fosters greater community engagement and involvement in the platform’s future direction.
As Bitfinex continues to expand its financial products and services, LEO is expected to maintain its vital role within the platform, with the buyback and burn strategy continuing to drive scarcity and value for the token.
Above are only for introduction, not intended as investment advice.
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Q&A about LEO Token Tokenomics
Explore the tokenomics of LEO Token (LEO) and review the project details below.
What is the allocation for Binance LEO Token (LEO)?
The initial allocation of 1B LEO Token (LEO) was divided as follows:
- 100% is allocated to Private
What is the supply schedule for LEO Token (LEO)?
1) LEO's supply is 1 billion tokens issued through private sales.
2) Every month, iFinex and its associates buy back and burn an amount of LEO from the market equal to a minimum of 27% of the consolidated gross revenues of iFinex from the previous month, continually until no tokens will remain in commercial circulation. The latest supply data can be found at: https://leo.bitfinex.com
LEO Token Token Allocation
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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. LEO token holders enjoy various platform benefits, including reduced trading, lending, and withdrawal fees, as well as access to special promotions and rewards programs. The token is issued on both the Ethereum and EOS blockchains, offering users flexibility to choose between different chains based on their preferences.
Bitfinex has implemented a buyback and burn mechanism, whereby a portion of its revenue is regularly used to repurchase and burn LEO tokens, reducing the circulating supply. This deflationary strategy aims to enhance the long-term value of the token, distinguishing LEO in the cryptocurrency market.
Since its issuance, LEO has helped Bitfinex enhance user experience and strengthen its market position. LEO holders can also participate in platform governance, voting on certain operational decisions for Bitfinex, which fosters greater community engagement and involvement in the platform’s future direction.
As Bitfinex continues to expand its financial products and services, LEO is expected to maintain its vital role within the platform, with the buyback and burn strategy continuing to drive scarcity and value for the token.
Above are only for introduction, not intended as investment advice.