What is the Value of UNUS SED LEO? — Market Mad House

By Daniel G. Jennings on The Capital

UNUS SED LEO (LEO) is one of many utility tokens they design to monetize a tech company and its platforms.

iFinex Inc. created UNUS SED LEO to provide liquidity to its Bitfinex trading platform. To that end, iFinex launched UNUS SED LEO with $1 billion in exchange and an initial budget deficit of $850 million.

iFinex leveraged its platform by listing the LEO token on Bitfinex on 20 May 2019. LEO has a number of interesting features including the ability to burn coins and redemption at the current market price.

Interestingly, Crypto Info iFinex tokens at a price equivalent to 27% of the company’s. Hence, you can think of UNUS SED LEO as similar to a high-dividend stock.

Features of UNUS SED LEO (LEO)

They gave the LEO Token a few fascinating features including some good benefits for owners. Notably, iFinex claims it will reduce Bitfinex fees by 15% on LEO pairs.

In addition, iFinex promises a 0.05% discount for every $10,000 worth of UNUS SED LEO you buy with Tether (USDT), the popular US-Dollar stablecoin created by iFinex. There is also a maximum discount of 5%.