Full Name: Unus Sed Leo (Leo) Made by: IFINEX (Parent company from Bitfinex) Date of Release: May 2019 Reasons made: Leo was made to cover the $ 850 million funds that were frozen by authority. Bitfinex needs fast funding, then releases Leo Token through IEO (Initial Exchange Offering). This token was immediately sold out and collected $ 1 billion in just 10 days! 🛠 2. The function of Leo Token is used for discounts on trading costs in Bitfinex and other Ifinex platforms. Function similar to BNB in Binance. Able to reduce withdrawal costs, lending, and spread transaction fees. There is a Buyback & Burn Program → some Bitfinex profits are used to buy back and burn Leo → decreased supply → Prices can rise. 🎭 3. Analogy / comparison of Leo is like a VIP member card in the mall, the more you use, the more discounts and benefits you get. Or like miles from a credit card, the more you trade in Bitfinex, the more you save the cost of using Leo. 🔍 4. How to use Leo Token Buy Leo in Exchange such as Bitfinex or Uniswap. Save in your Crypto wallet. When trading on Bitfinex, you can automatically discount if hold Leo. You can also hold long -term Hold Leo → Potential to rise because of the Burn System. ✅ 5. Advantages of Leo Token Discount Trading costs for Bitfinex users. Supply is decreasing because of the Burn System → Deflation effect. Supported by large companies (ifinex). ❌ 6. Lack of Leo Token its use is limited in the Bitfinex ecosystem. Not suitable for those who don't use bitfinex. There is still a negative stigma from the Bitfinex case in the past.
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