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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.
UNUS SED LEO (LEO) is a utility token that was created to reimburse funds lost when $850 million was seized from one of the largest cryptocurrency exchanges in the world, Bitfinex. This caused a great deal of controversy regarding centralized exchanges and the custody of assets. The parent company of Bitfinex is iFinex.
UNUS SED LEO is a cryptocurrency that describes itself as "the utility token at the heart of the iFinex ecosystem." It's designed to be used on the Bitfinex cryptocurrency exchange as a way of reducing trading, lending, and other exchange fees.
UNUS SED LEO (LEO) is a utility token created for use across the iFinex ecosystem. The strange name is based on a Latin citation from one of Aesop’s fables. The utility token allows Bitfinex users to get a discount on trading fees. The percentage in discount over trading fees depends on the amount of LEO that the customer has in their account.
UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform. A utility token designed to empower the Bitfinex community and provide utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform.
The UNUS SED LEO token is a utility token created for the iFinex platform, however unlike other similar tokens like the Binance Coin or the KuCoin Shares token it was created in response to a financial crisis for the Bitfinex exchange.. That financial crisis was loss of $850 million when various governments seized funds from Crypto Capital Corp., a financial services company that iFinex was ...
UNUS SED LEO, is a utility token designed to empower the Bitfinex community and offer them great benefits on the platform, such as discounts on transactions. “LEO will be the utility token at the heart of the iFinex ecosystem. Token holders will experience benefits across the entire portfolio and are expected to obtain benefits from future ...
UNUS SED LEO is a new token created to expand the capabilities of all users of iFinex platform and services (including the Bitfinex exchange). The token is designed to cope with the crisis that arose after the exchange accused of illegally using Tether cryptocurrency funds put forward by the New York prosecutor’s office.
LEO has a burning mechanism, which means that iFinex would be committed to buy UNUS SED LEO back (from market) within a monthly basis. The amount of which being bought and burned would be similar to the minimum 27% of iFinex’s generated revenues.
The UNUS SED LEO block is mined every ASIC. But this block is then divided between all miners. How long does it take to mine 1 block of UNUS SED LEO for yourself depends on your hash rate, which is basically how powerful your mining setup is. For mining UNUS SED LEO you will get the best results with using 0.
About UNUS SED LEO. UNUS SED LEO (LEO) is a cryptocurrency and operates on the Ethereum platform. UNUS SED LEO has a current supply of 999,498,892.9. The last known price of UNUS SED LEO is 2.04779552 USD and is down -8.63 over the last 24 hours. It is currently trading on 23 active market (s) with $8,887,225.77 traded over the last 24 hours.
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