UNUS SED LEO LEO
Cryptocurrency · Other · Not Mineable · launched in 2019
№14of 40 004
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- Price —
- $8.31 billion
- Capitalization
- $125 757.98
- Volume over 24 hours
- 0.31%
- Dominance
About the coin
- Circulating supply
- 919.86 million LEO
- Total supply
- 985.24 million LEO
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $8.9 billion
- 24h high
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- 24h low
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UNUS SED LEO (LEO) is a utility token of the iFinex ecosystem, developed and launched in 2019 to optimize trading processes on the renowned cryptocurrency exchange Bitfinex. The asset's name translates from Latin as "One, but a lion," emphasizing its unique status. The token provides holders with substantial discounts on trading commissions, deposit and withdrawal fees, as well as privileges when using other company products.
The main technical feature of LEO is a strict monthly burn mechanism (buyback and burn). The parent company iFinex uses at least 27% of its consolidated revenue to repurchase tokens on the open market followed by their destruction, ensuring continuous reduction of the asset's market supply.
Additional information
FAQ
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UNUS SED LEO is an internal utility token of the iFinex ecosystem, created in May 2019. It was developed specifically for users and traders of the Bitfinex cryptocurrency exchange and other company platforms, providing them with various discounts, bonuses, and privileges for trading and financial operations.
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LEO token owners receive discounts of up to 25% on trading commissions (for both makers and takers), as well as reduced fees for deposits and withdrawals. Additionally, holding LEO in your balance provides discounts on margin trading services, crypto lending, and derivative products within the iFinex ecosystem.
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The token implements a transparent "Buyback & Burn" mechanism. Monthly, the parent company iFinex directs at least 27% of its consolidated gross revenue to repurchase LEO tokens on the open market at the current rate. All repurchased tokens are permanently destroyed (burned), which gradually reduces their total supply and maintains the deflationary model.
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The LEO token does not have its own independent blockchain. It was originally issued in a multi-chain format: the majority of the emission operates on the Ethereum blockchain as an ERC-20 standard token, while the rest is deployed on the EOS network. This allows users to easily transfer and store the asset in familiar crypto wallets.
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The token name is a Latin phrase "Unus sed leo," which translates to "One, but a lion." This expression is taken from Aesop's fable and symbolizes quality, strength, and uniqueness. The company chose this name to emphasize the platform's authority, business resilience, and community cohesion around the Bitfinex ecosystem.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .