Unus Sed Leo

Unus Sed Leo

Introduction to Unus Sed Leo

One of the most recent patterns in crypto, which has truly taken off in 2019, is trade utility tokens. These sorts of tokens have been around since 2017, as they stood out from the abundance of other altcoins.
There is a comprehensive look at Unus Sed Leo (LEO) so that you know what LEO is, and it sheds light on how it really works. This comprehensive direct you to understand the modern and well-known crypto trade utility token – Unus Sed Leo (LEO).
 

What is Unus Sed Leo (LEO)?

Unus Sed Leo (LEO) is a cryptocurrency token and operates on the Ethereum platform. It is a new token outlined to expand the capabilities of all stage clients and administrations to iFinex, the parent company of Bitfinex.
People frequently associate Unus Sed Leo with iFinex and related platforms. It is a Latin phrase that means “One, but a Lion”.
For iFinex this means attracting and retaining the best people for a particular job. It also means total commitment to reach the goals they set out to achieve.
Unus Sed LEO is thus the company ethos for iFinex and all associated projects. It is followed by the lean but incredibly talented team of developers currently running all their platforms at the time of writing. It is especially tied to the LEO token a matter of special consideration. LEO is essentially a token to help drag the company out of a tumultuous past and into an era of public confidence and trust.
 

History of UNUS SED LEO(LEO)

Unus Sed Leo (LEO) is an alternate software token at the heart of the iFinex environment. It is currently applied to the Bitfinex cryptocurrency change. The LEO token changed into released on May 22, 2019, following a personal token sale raising $1 billion. The purchase fee of Unus Sed Leo was 1 USDT for 1 LEO and the total supply of 1,000,000,000 (1 billion) LEO tokens has been sold.
iFinex propelled Unus Sed Leo to reduce the misfortune of $850 million. It has since expressed that on the off chance that the $850 million is by one means or another recuperated from Crypto Capital. They would utilize 95% of the recuperated stores to repurchase extraordinary LEO tokens and after that burn them. Moreover, the trade too expressed that a sum break even with to at slightest 80% of recuperated net stores. From an earlier $73 million Bitfinex hacks in 2016, will moreover be utilized to repurchase and burn exceptional LEO tokens.
The repurchasing and burning of LEO tokens from recovered funds will reduce the token’s supply. It is expected to push the price up to and protect investors from sharp declines in price.
 

Purpose of UNUS SED LEO

As we mentioned earlier, iFinex will buy LEO tokens monthly equivalent to at least 27% of the company’s profit for the previous month. This is an indefinite process, while tokens will be in circulation. Redemption occurs at the current market price.
LEO tokens, which are used to pay commissions, can also be burned. The only platform that cannot destroy coins is Ethfinex since it launched its own token called NEC in 2017 for the same purposes.
 
 

Benefits of UNUS SED LEO (LEO)

1) Sparing commissions on Bitfinex. All expenses for those who hold the token will be decreased by 15% for all sets of cryptocurrencies.
2) Month to month rebates on Bitfinex. Token holders get a markdown of 0.05% for each 10 thousand USDT in UNUS SED LEO tokens held on the trader’s adjust sheet amid the past month. Calculations are made taking into consideration each day of the month. The greatest markdown is 5%.
3)Discount on withdrawal and renewal of both cryptocurrency and fiat cash on the Bitfinex trade. Holders of more than 50 million UNUS SED LEO will get a rebate of up to 25% on the withdrawal and store of cryptocurrencies. Moreover, clients of the marketplace, who will have tokens within the sum of $ 50 million, will be able to pull back up to $ 2 million per month without extra expenses. In expansion, the extra commission will be decreased from 3% to 2% with any withdrawal of more than 2 million USD in fiat month to month.

Unus Sed Leo Tokenomics

Unus Sed LEO is a subsidiary on iFinex to offer the Unus Sed LEO token, which we will continue to refer to simply as LEO. A total amount of 1 billion tokens was made available in a private sale issued on the Bitfinex for ten days beginning May 20, 2019. One billion tokens were offered both on the EOSfinex platform (660 million) and the Ethfinex platform (340 million).

Unus Sed Leo Token Buyback

As stated in Leo Whitepaper, iFinex commits to buying back LEO tokens on a monthly basis. This is at a minimum of 27% of gross revenue obtained in the previous month. This will take place until no more LEO tokens remain in circulation, at the prevailing market price of the token. In addition, iFinex will purchase the LEO token with recovered funds from hack and the Crypto Capital fiasco to a minimum of 95% of recovered funds.
The buyback in such a case is to take place over a period not exceeding 18 months from the date of recovery. This is to prevent causing sudden market spikes of the LEO token prices which could also affect those of other associated tokens.

Factors that contribute to Unus Sed Leo

There are several factors that contribute to the success of any project in the crypto world. Those are public confidence, team fielding the project, project technical specifications. Others are feasibility, and—finally—visibility on social media.
It is already apparent that public confidence is still solidly in favor of Bitfinex. Support for the various iFinex projects is not in want. Thus, we can expect with a fair level of certainty that the company will weather this storm and come out bigger and better. This confidence is the biggest contribution to the success of any project, but there are some other factors involved too.
 

Unus Sed Leo token associated risks

The LEO token runs risks from an investment viewpoint. Crypto is still very much in its infancy and so anyone who wants to participate in it must still keep these inherent uncertainties in mind. We’ll look at some of the problems ahead that present a challenge to ifinex’s progress.

Resources And Refrences For Unus Sed Leo

https://trading-education.com/articles/CryptoCurrency-Trading

https://revain.org/beginners-section/what-is-unussedleo#The_LEO_Token

https://www.publish0x.com/cryptocurrency/what-is-unus-sed-leo-leo-a-comprehensive-guide-to-understand-xkpjpk

https://unrelated.io/unus-sed-leo/https://www.finder.com.au/leo-now-trading-on-bitfinex-with-a-sluggish-starthttps://www.bitfinex.com/

https://cointobuy.io/unus-sed-leo

FAQ's

LEO token is available for trading in the following pairs on the following exchanges such as Leo/Eth, Leo/Usd, Leo/Btc, and many more.
 
The cryptocurrency market has turned the upside momentum of the previous day into red again and proved unsustainable. UNUS SED LEO (LEO) is the only out of the top-20 altcoin in green. The coin’s gained 1.3% at the time of writing in the last 24 hours to trade at $1.31. The coin takes 14th position with the overall market cap of $1.3 billion in the global crypto-currency ranking.
 
LEO, following Binance Coin’s steps, is perhaps a huge success if people use it to trade on Bitfinex exchange. Those who are interested in the coin should remember that it has nothing to offer in terms of smart contracts or dApps. Its value as a utility token is tied to how well Bitfinex works.
If Bitfinex does well, then the LEO will do well and if Bitfinex does badly, LEO will do so. It will most likely only be used for a short time with most of the supply likely to be burnt in a couple of years. When Bitfinex consumes more LEO coins, as they are scarcer, so does the demand increase.
Therefore, it may be prudent to hang on to LEO tokens until they increase in value. If Bitfinex does well, it will burn more every month, raising the stock, making it more competitive for sale. Most traders, however, will most likely only be able to buy LEO from exchanges, and will probably not be able to participate in the IEO.
 

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