What is the issuance and circulation of LEO coins?

LEO coins, issued by Huobi Global in 2018, are distributed through various channels and play a significant role within the Huobi ecosystem, offering benefits and access to financial services.

Oct 02, 2024 at 06:05 am

Issuance and Circulation of LEO Coins

1. Issuer:

• LEO coins are issued by the Huobi Global exchange, which is owned by Huobi Group.

2. Total Supply:

• The total supply of LEO coins is capped at 1 billion.

3. Issuance Schedule:

• 60% of LEO coins were released during the initial coin offering (ICO) in 2018.
• The remaining 40% are released over a vesting period of 3 years, starting from July 2019.

4. Circulation:

• As of July 2023, approximately 550 million LEO coins are in circulation.

5. Distribution:

• 60% of LEO coins are owned by Huobi Group.
• 20% are allocated to the Huobi Global team and community.
• 20% are sold through an ICO.

6. Role in Huobi Ecosystem:

• LEO coins serve various functions within the Huobi ecosystem, including:

  • Trading fee discounts
  • VIP membership rewards
  • Access to financial products and services
  • Participation in governance through voting

7. Market Performance:

• LEO coins have performed well since their launch, with a market capitalization of over $200 million as of July 2023.
• The price of LEO coins has experienced fluctuations but has generally trended upwards over time.

8. Future Outlook:

• The future outlook for LEO coins depends on various factors, including the continued growth of the Huobi ecosystem, adoption of LEO coins within the crypto community, and overall market conditions.
• As Huobi Global expands its offerings and strengthens its position in the crypto industry, LEO coins are expected to play an increasingly important role in the ecosystem.