LEO Token (LEO) Price

Info

Contract Address

ETH 0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3

SORA 0x009e199267a6a2c8ae075bb8d4c40ee8d05c1b769085ee59ce98e50c2b2d8756

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About LEO Token (LEO)

The LEO Token (LEO) is a utility token created by iFinex for use across its ecosystem, primarily on the Bitfinex exchange. It was launched in 2019 through an Initial Exchange Offering (IEO) to raise $1 billion to cover a financial deficit. The token offers discounts on trading fees, lending fees, and withdrawal and deposit fees for users holding LEO tokens. It is issued on both the Ethereum and EOS blockchains, with 660 million tokens on Ethereum and 340 million on EOS. The token is designed to be burned and bought back by iFinex, with a goal of eventually removing all tokens from circulation.

The LEO Token (LEO) is a utility token primarily used on the Bitfinex exchange and other platforms managed by its parent company, iFinex. It provides several benefits to users, including:

Trading Fee Discounts: LEO holders receive reduced taker and lending fees on the Bitfinex exchange. All tiers of token fees are reduced by 15% for crypto-to-crypto pairs, and an additional 10% reduction is available for those holding more than 5,000 USDT equivalent in LEO.

Funding Fee Discounts: Peer-to-peer (P2P) financial lenders receive a 0.05% discount on P2P lending fees for every 10,000 USDT held in LEO tokens, capped at 5% when 1 million USDT in LEO is held.

Withdrawal and Deposit Fee Discounts: LEO holders can enjoy up to 25% crypto withdrawal and deposit fee discounts. Users holding more than 50 million USDT worth of LEO tokens can withdraw up to 2 million USD without incurring additional fees.

Dual Blockchain Compatibility: LEO tokens are issued on both Ethereum and EOS blockchains, providing flexibility and ease of use for token holders. This allows for cross-chain conversions and greater choice for developers and users.