Leo Token

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What is Leo Token?

Following its May 2019 launch, the Bitfinex exchange token named UNUS SED LEO (LEO) token managed to make headlines by its surge to the upper ranks of the cryptocurrency tokens ranked by the value of their market capitalization.

In early June 2019, LEO token seemed to reach the shores of the famed top 10 token club, drawing comparisons with the similar tokens, such as the Binance Coin (BNB) which is the native token of the cryptocurrency exchange Binance.

In May 2019, the parent company behind the Bitfinex exchange, iFinex, released a whitepaper in parallel with the launch of the private token sale. Based on the data found in the paper, iFinex plans to issue no more than 1 billion LEO tokens. Each of them will be pegged to the tether (USDT) stablecoin.

Following the conclusion of the sale, Bitfinex enabled trading with the LEO on May 20, with the tokens being tradable against BTC, USD, USDt, EOS, and ETH.

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