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UNUS SED LEO LEO |
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$9.43 |
-0.3% (24h) |
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Marketcap |
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$8,674,751,258 |
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Volume 24h |
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$167,759 |
Description
UNUS SED LEO (LEO) is a utility token designed for use across the iFinex ecosystem, which includes the Bitfinex and Ethfinex trading platforms. It was launched to support the company's operational recovery and provides holders with a wide range of trading fee discounts and withdrawal fee reductions. The token is notable for its aggressive "burn" mechanism, where iFinex commits to using at least 27% of its consolidated gross revenue to buy back and destroy LEO tokens monthly. This deflationary model is designed to provide long-term value to holders as the exchange ecosystem grows and matures.