Leo (LEO) is a token issued by the Bitfinex exchange, designed to serve as a tool for users to engage in digital asset trading and financial services. As the native token of the Bitfinex platform, holders of LEO tokens can use them to pay for transaction fees and enjoy discounts on trading fees. Additionally, LEO token holders can participate in decision-making voting on the Bitfinex platform and express their opinions on the platform's development and operational direction. Holding LEO tokens also grants access to special promotions and reward programs, providing users with more trading and engagement opportunities. According to Bitfinex's operational strategy, the exchange regularly purchases and burns LEO tokens from its revenue to reduce token supply and increase token value.
Explore the tokenomics of LEO Token (LEO) and review the project details below.
What is the allocation for Binance LEO Token (LEO)?
The initial allocation of 1B LEO Token (LEO) was divided as follows:
- 100% is allocated to Private
What is the supply schedule for LEO Token (LEO)?
1) LEO's supply is 1 billion tokens issued through private sales.
2) Every month, iFinex and its associates buy back and burn an amount of LEO from the market equal to a minimum of 27% of the consolidated gross revenues of iFinex from the previous month, continually until no tokens will remain in commercial circulation. The latest supply data can be found at: https://leo.bitfinex.com
Leo (LEO) is a token issued by the Bitfinex exchange, designed to serve as a tool for users to engage in digital asset trading and financial services. As the native token of the Bitfinex platform, holders of LEO tokens can use them to pay for transaction fees and enjoy discounts on trading fees. Additionally, LEO token holders can participate in decision-making voting on the Bitfinex platform and express their opinions on the platform's development and operational direction. Holding LEO tokens also grants access to special promotions and reward programs, providing users with more trading and engagement opportunities. According to Bitfinex's operational strategy, the exchange regularly purchases and burns LEO tokens from its revenue to reduce token supply and increase token value.