About Unus Sed Leo (LEO)
Unus Sed Leo (LEO) is a utility token that operates primarily within the iFinex digital network, the legal entity that owns and operates Bitfinex and Tether. Unus Sed Leo is said to lower fees associated with trading, lending, and other centralized finance (CeFi) protocols made available to Bitfinex participants.
Simply put, the higher the percentage of LEO held by traders on Bitfinex, the greater the discounts they can enjoy. Unus Sed Leo also has the LEO Transparency Dashboard, where metrics like its token burn protocol can be reviewed.
Unus Sed Leo and its ERC-20 native token LEO were launched in late May 2019, with the intention of enhancing the trading and lending experience on the Bitfinex CeFi platform. As a result of the Ethereum Merge, LEO transactions are now validated using a proof-of-stake (PoS) consensus mechanism.
LEO is issued by Unus Sed Leo Limited, a British Virgin Islands-based company. While it is currently not available for purchase on Binance, LEO price is updated and available in real time on the cryptocurrency exchange.