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What is LEO Token all about
UNUS SED LEO (LEO) is a utility token which is used in the iFinex ecosystem. iFinex is the corporate entity which has developed Bitfinex, one of the world’s leading cryptocurrency exchanges as its subsidiary. Like many other exchange tokens, LEO also gets its utility by giving discounts on trading fees on Bitfinex exchange to the customers who pay these fees using LEO tokens. Traders also get additional reliefs in deposits and withdrawals for holding LEO tokens in their wallets.
LEO token was launched in 2019. It was issued through an Initial Exchange Offering (IEO). LEO token was issued after a part of Bitfinex’s funds were held by the government as a consequence to losing the infamous case where Bitfinex was held responsible for conducting illegal transactions between Tether Inc and Bitfinex trading platform. The IEO helped in recovering the funds lost in the case.
LEO Token is based on UNUS LED technology, which is based on two blockchains - Ethereum and EOS Blockchain, in the ratio of 64% and 36% respectively. Bitfinex has deliberately chosen both the blockchains which are smart contract enabled so that developers building dapps on these two blockchain can also use LEO tokens in their transactions.
LEO token also has a buyback and burn mechanism attached to it where the tokens will be bought back from the company’s profit and burned.
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LEO Questions & Answers
What is the current LEO Token price?
Today, the price of LEO Token is 5.49 EUR.
What was the highest price of LEO Token to date?
LEO Token was the most expensive on 2022-02-08, when it was at 7.12 EUR.
What will the price of LEO Token be in 3 months time?
Using our short term price prediction we estimate that LEO Token's price will be anywhere between €5.11 and €6.06 3 months from now.
Is LEO Token going to cost more in 1 month time?
Using our prediction algorithm, we suspect that the price of LEO Token will reach between €5.11 and €5.90 in one month time.
What will the price of LEO Token be in six months?
Long term forecast is very difficult, however using our short term prediction we suspect that the price of LEO Token is likely going to be between €5.11 and €7.24 six months from now.
What is the popularity of LEO Token on social media?
9939 Reddit users were engaging via Reddit, in an online discussion about LEO Token in the last 48 hours. LEO Token's Twitter profile is followed by 0 users.
10 days LEO Token price forecast
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