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Bitfinex LEO Token Fundamental Analysis
LEO is a utility token that was launched in 2019 by iFinex, the parent company of the Bitfinex broker and the Ethfinex and Tether platforms, and is used on the company’s systems. LEO was launched publicly after a private sale that raised $1 billion and quickly fell in favor of the market, as one of the 15 largest digital currencies in the world. When it comes to the things that Bitfinex wants to solve with LEO, the primary aim is strengthening the Bitfinex community and benefiting from the advantages of processing transactions in the Bitfinex ecosystem. In fact, LEO coin offers its issuer more control and many options for the successful operation of its exchange. Its users can certainly benefit from faster and cheaper transactions. Another goal of the project is to provide advantages to users of the Bitfinex exchange and the infrastructure built around it. This includes preferential tariffs for performing trading operations on the site and participating in exchange placements. When working with currency pairs that include LEO token, the commission is reduced by 25%. You can also use LEO coin to buy the required level in the loyalty program for a month and trade any currency with reduced exchange fees. In the Bitfinex credit service, customers are able to receive a discount of 0.05% of the commission for every 10,000 LEO on their account. LEO tokens that were deposited from the beginning to the end of the previous month are taken into account. The maximum discount can be no more than 5%. Users can also receive a reduced commission for withdrawing money from the account if the withdrawal is made in LEO. Large customers who have more than 50 million in LEO in their accounts are able to withdraw money without commission. At first glance, the new cryptocurrency for Bitfinex has the potential to become what Binance Coin is now for the Binance exchange. UNUS SED LEO coin has occupied a place among the most successful cryptocurrencies. This has been achieved while using two different blockchains which represent an important innovation, being its tokens housed in the chain of EOS and Ethereum at the same time.
Bitfinex LEO Token Live Price Chart