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LEO Token (LEO) is the utility token intended for use on the Bitfinex exchange and other trading platforms managed by its parent company iFinex. The token is hoped to strengthen the Bitfinex community and optimize the platform’s operations.
The LEO token will support the reduction of taker and lending fees for the use of trading platforms, products, and services offered by iFinex. As LEO is the utility token found at the heart of the Bitfinex ecosystem, it is supposed to optimize the trading processes taking place in it. Proceeds from the LEO token initial exchange offering should help the organizers improve their business prospects. LEO token uses token burns as the method to deflate its value. Compared to what is found with a similar Binance Coin, the burns of LEO tokens are supposed to be faster.
We also believe the best innovation and biggest progress comes from opening our doors to the community, which is why we are dedicated to education and open-source development within the cryptocurrency space. Developing for innovation is a critical element of progress within cryptocurrencies, but driving adoption is equally important. We maintain that the best chance of increasing the adoption of cryptocurrency is fiat currency cash flow—increasing the speed and ease by which fiat currencies can be exchanged for cryptocurrency in a legally compliant manner. We do not dispute that the end goal of cryptocurrencies is to displace the place of fiat in our lives, but we believe that achieving these goals will only be possible after the ecosystem has developed and matured.
iFinex held an initial exchange offering (IEO) for LEO in May (private sale) and June (public sale) this year. The company sold one billion tokens for one USDT each.LEO has quickly risen in the market cap rankings. As for the price, it’s steadily grown since the IEO, reaching a high of $1.98 on June 12. Currently, the price is bouncing around $1.90.
LEO Token price today is $3.06 with a 24-hour trading volume of $2,657,266. LEO price is up 0.2% in the last 24 hours. It has a circulating supply of 950 Million LEO coins and a total supply of 985 Million. If you are looking to buy or sell LEO Token, Bitfinex is currently the most active exchange.
ROI (return over investment) in different time frames till today, LEO Token underperformed in 'Centralized Exchange Token (CEX), Exchange-based Tokens' categories which had 314% growth over the past year.LEO Token underperformed in the crypto market which had a 4034% growth over the past year you can find out more here.
A great capable marketing team and brand awareness have a direct impact on the success of any project. This is a popularity chart to give you an indication of how fast price is affected by growth in popularity as you can see Twitter had better growth about 12% more than Reddit and Telegram, so you can find out more here.
Projects with low liquidity and smaller market cap are generally riskier. As the projects become more popular and traded with more people, they are less volatile and considered better investments as you can see Leo Token had a great market cap rank from April 23 till July 21 and other it`s growth descending till the end of the chart, but it is almost to a start point and it`s good at all, so you can find out more here.
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