UNUS SED LEO’s current price is $8.97**, with a 24-hour trading volume of **$1.45 million. The token’s circulating supply stands at 923.14 million LEO.
What Is UNUS SED LEO?
UNUS SED LEO (LEO) is the utility token for iFinex, the parent company of Bitfinex. Its name derives from a Latin phrase in Aesop’s fables, symbolizing "one, but a lion" — emphasizing quality over quantity. The token operates on Ethereum (64% supply) and EOS (36% supply) blockchains.
Key Features of UNUS SED LEO
Buyback & Burn Mechanism:
- Bitfinex allocates 27% of revenue to repurchase and burn LEO tokens.
- Over 61.7 million LEO (worth ~$232 million) have been burned to date.
Fee Discounts:
- Traders enjoy tiered discounts on Bitfinex fees based on their LEO holdings.
Cross-Chain Interoperability:
- LEO bridges Ethereum (ERC-20) and EOS ecosystems for broader DeFi/DApp use.
Historical Background
- 2019: Launched via IEO to recover $850 million lost in the Crypto Capital scandal.
- Funding: Raised $1 billion by selling 1 billion LEO at 1 USDT per token.
FAQs
Why does LEO have two blockchains?
It enhances liquidity and utility across Ethereum (for DeFi) and EOS (for scalability).
How does the burn mechanism work?
Bitfinex buys LEO at market rates and permanently removes them from circulation.
Can LEO’s supply increase?
No. The total supply is capped at 1 billion, with continuous burns reducing circulation.
👉 Explore LEO’s latest price trends
LEO’s unique model combines tokenomics, community incentives, and cross-chain flexibility, making it a standout in the crypto utility space.
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