Unus Sed Leo is the utility token of the Bitfinex cryptocurrency exchange. Under the ticker LEO, Unus Sed Leo holders on Bitfinex can see multiple different perks, such as lower trading fees.
What is Unus Sed Leo (LEO)?
Unus Sed Leo is the main asset for Bitfinex, a veteran crypto exchange established in 2012. Bitfinex is a subsidiary of iFinex, making it part of the iFinex ecosystem. Bitfinex offers many different features, such as spot and margin crypto trading, as well as peer-to-peer lending and borrowing.
As for the history of Unus Sed Leo, the asset was the result of a billion-dollar private token sale in 2019. Participants from certain regions, including the United States, were not allowed to take part. Under the ticker symbol LEO, Unus Sed Leo is a token with versions running on the Ethereum blockchain and on the EOS blockchain.
In naming the asset, Bitfinex’s parent company, iFinex, borrowed a Latin phrase from one of Aesop’s fables: “unus sed leo,” which translates to “one but a lion.” The company chose this as its motto to express a focus on quality over quantity.
Wondering how Unus Sed Leo works? Holding the LEO token on the Bitfinex exchange yields rewards in multiple forms, such as lower fees for crypto asset deposits and withdrawals on the platform, as well as lower trading and lending fees. These rewards, however, depend on the amount of LEO a user holds as part of a tiered system that takes into account LEO holdings on a month-to-month basis.
LEO price today
LEO trades on Bitfinex and several other crypto exchanges. The top of this page shows the value of LEO in United States dollars (USD) as a Unus Sed Leo to USD price. An LEO price chart is also available above, in addition to other data.
