LEO Token is the internal native cryptocurrency of Bitfinex, the world's oldest crypto exchange. It was launched in May 2019 to raise funds to cover the money that had been confiscated by state authorities. LEO token is a utility token primarily used on the Bitfinex exchange and other iFinex platforms.
The primary purpose of the LEO token is to provide the Bitfinex platform with a utility digital asset and to be interconnected with the trading platform's ecosystem. LEO token is supposed to make the platform it runs on a more attractive option for its holders by introducing a whole range of planned benefits for them. LEO tokens can be used across all of iFinex's platforms, projects, and services, both present and future.
The total supply of LEO tokens is not specified, but the token distribution plan includes a private sale that raised $1 billion. LEO token is built on the Ethereum blockchain and follows Ethereum's ERC-20 standard. There are token burning mechanisms in place, with burns of LEO token supposed to be faster compared to similar tokens.
Marketcap
$8.541B
Total number of LEO Token
985239504 LEO
LEO Token is built on the Ethereum blockchain and follows Ethereum's ERC-20 standard. The Ethereum blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes.
LEO Token differentiates itself from competitors by being the native token of Bitfinex, one of the oldest crypto exchanges. Its competitive advantage lies in its utility and planned benefits for holders. LEO token compares to competitors such as Binance Coin (BNB), the native token of the cryptocurrency exchange Binance.
LEO token is used to grant holders discounts on trading fees, lending fees, deposit, and withdrawal fees on the Bitfinex exchange and other iFinex platforms.
The LEO Token economy functions by providing holders with discounts and benefits on the Bitfinex exchange and other iFinex platforms.
The primary purpose of the LEO token is to provide the Bitfinex platform with a utility digital asset and to be interconnected with the trading platform's ecosystem.
Yes, LEO token is a utility token primarily used on the Bitfinex exchange and other iFinex platforms.
LEO Token is built on the Ethereum blockchain and follows Ethereum's ERC-20 standard.
The token distribution plan for LEO Token includes a private sale that raised $1 billion.
Yes, there are token burning mechanisms in place for LEO Token, with burns of LEO token supposed to be faster compared to similar tokens.
The potential use cases and applications of LEO Token include granting holders discounts on trading fees, lending fees, deposit, and withdrawal fees on the Bitfinex exchange and other iFinex platforms.
LEO Token compares to competitors such as Binance Coin (BNB), the native token of the cryptocurrency exchange Binance.
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