LEO
UNUS SED LEO
LEO

UNUS SED LEO price

in USD
$9.504
+$0.045 (+0.47%)
USD
We can’t find that one.
Check your spelling or try another.
Market cap
$8.73B
Circulating supply
922.58M / 985.24M
All-time high
$13
24h volume
$907.11K
3.7 / 5
LEOLEO
USDUSD
Buy UNUS SED LEO

About UNUS SED LEO

LEO (UNUS SED LEO) is a utility token designed to support the ecosystem of a major cryptocurrency exchange. It offers users benefits like reduced trading fees, access to premium features, and participation in exclusive token sales. Built for efficiency, LEO helps traders optimize costs while engaging with a trusted platform. Its value is tied to the exchange’s growth, making it a practical choice for those active in crypto markets. With real-world utility and a focus on user rewards, LEO simplifies the trading experience while fostering long-term community engagement.
AI insights
Others
Official website
White Paper
Block explorer
CertiK
Last audit: May 21, 2019, (UTC+8)

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

UNUS SED LEO’s price performance

52% better than the stock market
Past year
+62.51%
$5.85
3 months
+4.63%
$9.08
30 days
+0.04%
$9.50
7 days
+0.00%
$9.50

UNUS SED LEO on socials

Adz Hickman
Adz Hickman
Track where buyers are locking in their trades during this bull run with #BTC #ETH $XPL $KAS $OKB $MYX $ATH $TRX $CRO $XMR $MNT $LEO $FDUSD $USDT $USDe $PYUSD $RLUSD $USDC $DAI $USD1
1.58K
0
Zedcex Exchange
Zedcex Exchange
Main Coins： $BTC: $109312.30 $ETH: $3902.19 $ZEDXION : $0.49793426 🌟TOP Gainers： $DEGO > 8.49% $TWT > 1.03% $LEO > 0.99% 🌐 #Zedcex #Exchange #Report #TopGainers
2.31K
0
Marko Omcryptokus
Marko Omcryptokus
Track where the buyers are going on #ALTCOINS with so you can jump in before everyone else #cryptoscanner #BTC #ETH #XPL #KAS #OKB #QNT #LEO #FDUSD #USDT #USDe #RLUSD #PYUSD #DAI #USDC #TRX #USD1 #CRO #PAXG #XAUt #ATH
6.41K
0
View more posts

Guides

Find out how to buy UNUS SED LEO
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Dive in
Predict UNUS SED LEO’s prices
How much will UNUS SED LEO be worth over the next few years? Check out the community's thoughts and make your predictions.
Forecast
View UNUS SED LEO’s price history
Track your UNUS SED LEO’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Check it out
Own UNUS SED LEO in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Diversify your portfolio with over 60 euro trading pairs available on OKX

UNUS SED LEO FAQ

LEO is a cryptocurrency token created by iFinex specifically for use within the Bitfinex ecosystem. LEO is crucial in facilitating various functions and transactions within the Bitfinex platform as a utility token.

LEO token holders enjoy a range of benefits within the Bitfinex ecosystem. These include access to exclusive features and products and trading fee discounts. By holding LEO tokens, users can enhance their trading experience and take advantage of cost-saving opportunities on the Bitfinex platform.

Easily buy LEO tokens on the OKX cryptocurrency platform. One available trading pairs in the OKX spot trading terminal is LEO/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for LEO with zero fees and no price slippage by using OKX Convert.

Currently, one UNUS SED LEO is worth $9.504. For answers and insight into UNUS SED LEO's price action, you're in the right place. Explore the latest UNUS SED LEO charts and trade responsibly with OKX.
Cryptocurrencies, such as UNUS SED LEO, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as UNUS SED LEO have been created as well.
Check out our UNUS SED LEO price prediction page to forecast future prices and determine your price targets.

Dive deeper into UNUS SED LEO

UNUS SED LEO was introduced as a token by Bitfinex in May 2019 to tackle financial challenges and generate funds for their ecosystem. 

The ecosystem's token sale achieved remarkable success, raising around $1 billion and standing out as a significant Initial Exchange Offering (IEO). The Latin phrase "Unus Sed Leo," meaning "One But Lion," serves as the motto of Bitfinex.

What is UNUS SED LEO?

UNUS SED LEO is a utility token developed by iFinex, the parent company of Bitfinex, and is associated with the Bitfinex cryptocurrency exchange. It is a cryptocurrency token within the Bitfinex ecosystem, providing various utility functions.

The UNUS SED LEO team

The UNUS SED LEO team consists of highly experienced individuals who oversee the project development at Bitfinex. Key members include JL van der Velde as the Chief Executive Officer (CEO), Giancarlo Devasini as the Chief Financial Officer (CFO), Claudia Lagorio as the Chief Operations Officer (COO), Paolo Ardoino as the Chief Technology Officer (CTO), Peter Warrack as the Chief Compliance Officer (CCO), and Stuart Hoegner as the General Counsel. They hold crucial roles in operations, financial management, technology development, compliance, and legal matters within the Bitfinex ecosystem.

How does LEO work?

LEO functions as a versatile utility token within the Bitfinex ecosystem. Its primary purpose is to serve as a payment method for trading fees on the Bitfinex platform. Users can conveniently settle transaction costs using LEO tokens, streamlining the fee payment process.

LEO tokens also grant users access to Initial Exchange Offerings (IEOs), providing opportunities for new and exciting investments. Holders of LEO tokens enjoy exclusive features that enhance their overall trading experience on the platform.

Furthermore, LEO offers the benefit of discounted fees, allowing users to enjoy reduced transaction costs during their trading activities on the Bitfinex platform.

UNUS SED LEO native token — LEO

The LEO token is exclusive to Bitfinex, offering holders various services such as fee discounts for intra-chain activities, reduced lending fees, improved withdrawal and deposit privileges, and access to exclusive features.

LEO tokenomics

The LEO token has a total supply volume of 985,239,504 tokens, with a current circulating supply of 930,059,719.9 tokens.

An interesting aspect of its design is the monthly buyback mechanism implemented by iFinex and its affiliates. The company is committed to repurchasing LEO tokens from the market, equivalent to at least 27 percent of iFinex's consolidated gross revenues from the previous month.

This buyback process will continue indefinitely until all commercially available tokens are taken out of circulation. This unique feature helps ensure liquidity and potentially reduces the available supply of LEO tokens over time.

LEO use cases

LEO use cases LEO tokens on Bitfinex provide a variety of benefits. Holders of the token enjoy discounts on trading fees, and the regular token burns contribute to reducing the token supply, potentially increasing its value. LEO holders also gain exclusive access to Bitfinex, including unique features and products.

Additionally, the token can be used as collateral for obtaining crypto loans and engaging in enhanced derivatives trading, enabling users to leverage their holdings and expand their trading capabilities.

LEO distribution

According to the whitepaper, Bitfinex, the issuer, intends to release a maximum of 1 billion tokens. The tokens will be distributed through a private offering conducted without general solicitation or advertising. The issuance of the remaining tokens will be determined by the issuer at its sole discretion regarding the manner and timing of distribution.

How to stake LEO

LEO tokens are converted into LEO POWER on the Hive blockchain when staked and this provides the protocol users with instant rewards. By staking LEO as LEO POWER, you unlock access to rewards that are paid out in liquid LEO, which are then added to your LEO POWER balance. This means that you can start earning rewards right away by simply staking your LEO tokens. Staking LEO as LEO POWER provides a seamless way to grow your holdings and maximize your earning potential within the LEO ecosystem.

What is the future of LEO?

The future of LEO holds promise in optimizing trading processes within the iFinex ecosystem. LEO token holders can anticipate advantages such as reduced taker and lending fees when engaging with iFinex's trading platforms, products, and services.

By deducting up to 25 percent of trading fees in LEO tokens for eligible traders, there is a potential for greater adoption and value appreciation. This entices traders to optimize costs and enhance their overall trading experiences.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Leo Token
Consensus Mechanism
Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum that employs a hybrid consensus mechanism. Here’s a detailed explanation of how Polygon achieves consensus: Core Concepts 1. Proof of Stake (PoS): Validator Selection: Validators on the Polygon network are selected based on the number of MATIC tokens they have staked. The more tokens staked, the higher the chance of being selected to validate transactions and produce new blocks. Delegation: Token holders who do not wish to run a validator node can delegate their MATIC tokens to validators. Delegators share in the rewards earned by validators. 2. Plasma Chains: Off-Chain Scaling: Plasma is a framework for creating child chains that operate alongside the main Ethereum chain. These child chains can process transactions off-chain and submit only the final state to the Ethereum main chain, significantly increasing throughput and reducing congestion. Fraud Proofs: Plasma uses a fraud-proof mechanism to ensure the security of off-chain transactions. If a fraudulent transaction is detected, it can be challenged and reverted. Consensus Process 3. Transaction Validation: Transactions are first validated by validators who have staked MATIC tokens. These validators confirm the validity of transactions and include them in blocks. 4. Block Production: Proposing and Voting: Validators propose new blocks based on their staked tokens and participate in a voting process to reach consensus on the next block. The block with the majority of votes is added to the blockchain. Checkpointing: Polygon uses periodic checkpointing, where snapshots of the Polygon sidechain are submitted to the Ethereum main chain. This process ensures the security and finality of transactions on the Polygon network. 5. Plasma Framework: Child Chains: Transactions can be processed on child chains created using the Plasma framework. These transactions are validated off-chain and only the final state is submitted to the Ethereum main chain. Fraud Proofs: If a fraudulent transaction occurs, it can be challenged within a certain period using fraud proofs. This mechanism ensures the integrity of off-chain transactions. Security and Economic Incentives 6. Incentives for Validators: Staking Rewards: Validators earn rewards for staking MATIC tokens and participating in the consensus process. These rewards are distributed in MATIC tokens and are proportional to the amount staked and the performance of the validator. Transaction Fees: Validators also earn a portion of the transaction fees paid by users. This provides an additional financial incentive to maintain the network’s integrity and efficiency. 7. Delegation: Shared Rewards: Delegators earn a share of the rewards earned by the validators they delegate to. This encourages more token holders to participate in securing the network by choosing reliable validators. 8. Economic Security: Slashing: Validators can be penalized for malicious behavior or failure to perform their duties. This penalty, known as slashing, involves the loss of a portion of their staked tokens, ensuring that validators act in the best interest of the network.
Incentive Mechanisms and Applicable Fees
Polygon uses a combination of Proof of Stake (PoS) and the Plasma framework to ensure network security, incentivize participation, and maintain transaction integrity. Incentive Mechanisms 1. Validators: Staking Rewards: Validators on Polygon secure the network by staking MATIC tokens. They are selected to validate transactions and produce new blocks based on the number of tokens they have staked. Validators earn rewards in the form of newly minted MATIC tokens and transaction fees for their services. Block Production: Validators are responsible for proposing and voting on new blocks. The selected validator proposes a block, and other validators verify and validate it. Validators are incentivized to act honestly and efficiently to earn rewards and avoid penalties. Checkpointing: Validators periodically submit checkpoints to the Ethereum main chain, ensuring the security and finality of transactions processed on Polygon. This provides an additional layer of security by leveraging Ethereum's robustness. 2. Delegators: Delegation: Token holders who do not wish to run a validator node can delegate their MATIC tokens to trusted validators. Delegators earn a portion of the rewards earned by the validators, incentivizing them to choose reliable and performant validators. Shared Rewards: Rewards earned by validators are shared with delegators, based on the proportion of tokens delegated. This system encourages widespread participation and enhances the network's decentralization. 3. Economic Security: Slashing: Validators can be penalized through a process called slashing if they engage in malicious behavior or fail to perform their duties correctly. This includes double-signing or going offline for extended periods. Slashing results in the loss of a portion of the staked tokens, acting as a strong deterrent against dishonest actions. Bond Requirements: Validators are required to bond a significant amount of MATIC tokens to participate in the consensus process, ensuring they have a vested interest in maintaining network security and integrity. Fees on the Polygon Blockchain 4. Transaction Fees: Low Fees: One of Polygon's main advantages is its low transaction fees compared to the Ethereum main chain. The fees are paid in MATIC tokens and are designed to be affordable to encourage high transaction throughput and user adoption. Dynamic Fees: Fees on Polygon can vary depending on network congestion and transaction complexity. However, they remain significantly lower than those on Ethereum, making Polygon an attractive option for users and developers. 5. Smart Contract Fees: Deployment and Execution Costs: Deploying and interacting with smart contracts on Polygon incurs fees based on the computational resources required. These fees are also paid in MATIC tokens and are much lower than on Ethereum, making it cost-effective for developers to build and maintain decentralized applications (dApps) on Polygon. 6. Plasma Framework: State Transfers and Withdrawals: The Plasma framework allows for off-chain processing of transactions, which are periodically batched and committed to the Ethereum main chain. Fees associated with these processes are also paid in MATIC tokens, and they help reduce the overall cost of using the network.
Beginning of the period to which the disclosure relates
2024-09-25
End of the period to which the disclosure relates
2025-09-25
Energy report
Energy consumption
0.00535 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) polygon is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
$8.73B
Circulating supply
922.58M / 985.24M
All-time high
$13
24h volume
$907.11K
3.7 / 5
Easily buy UNUS SED LEO with free deposits via SEPA