What is UNUS SED LEO and what is the use of this type of token

UNUS SED LED Cryptocurrency and its Use

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What is UNUS SED LEO and what is the use of this type of token

UNUS SED LEO is a utility token used in the IFinex ecosystem, and I Finex is the parent company of Bitfinex. iFinex launched LEO in May 2019 for a specific purpose.Unlike many other cryptocurrencies, LEO did not exist forever. UNUS SEDLEO was founded after Crypto Capital - a company that processed iFinex's payments - had part of the money confiscated by the government.

Because it was unclear whether IFinex could recover these funds, it created LEO to help cover the financial shortfall. LEO helps Bitfinex users save money on trading fees by offering discounts based on the amount of LEO in their account. While some cryptocurrencies launch on just one blockchain, LEO tokens are issued on two blockchains.

While 64% of the original supply was on Ethereum, the remaining 36% was built on EOS (a platform designed to allow developers to easily create dApps. The goal of the project is relatively simple: to make it easier for programmers to embrace blockchain). The aim is to make it as simple as possible to deploy the technology – and make sure the network is easier to use than rivals.

During the token creation process, iFinex acted with transparency, announcing that it would gradually buy back tokens from investors until none became operational in the market. iFinex also implemented monitoring processes so that the crypto community can see whether the LEO initiative is meeting its stated goals. This type of integrity is a quality that makes UNUS SED LEO a unique crypto. 

 UNUS SED LEO, cryptocurrencies, crypto capital, Bitfinex, ifinex, blockchains, Ethereum, tokens, UNUS SED LEO price

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