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UNUS SED LEO ($LEO)

LEO Price
$2.6154
-9.10%
Market Cap
$2.48B
-9.10%
Volume
$19.74M
-8.65%
Transp. Vol.
16%411.65%
Grade
B gradeB grade
Rank
#47
Contract
ETH0x2af5d...d912ca3
ETH
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UNUS SED LEO Daily Performance

Today's UNUS SED LEO price is $2.6154, which is down 9% over the last 24 hours. UNUS SED LEO's market cap is $2.48B. 24 hour LEO volume is $19.74M. It has a market cap rank of 47 with a circulating supply of 949,199,141 and max supply of 985,239,504. UNUS SED LEO is traded on exchanges. UNUS SED LEO had an all-time high of $3.8095 3 months ago. Over the last day, UNUS SED LEO has had 16% transparent volume and has been trading on 80 active markets with its highest volume trading pairs being .

LEO Data Highlights
UNUS SED LEO Price (24hr)$2.6154 (-9.10%)
Market Cap$2.48B (-9.10%)
Trading Volume (24hr)$19.74M (-8.65%)
Transparent Vol. (24hr)
$3.20M16% (411.65%)
Transparency GradeB gradeB grade(Good)
Circulating Supply949,199,141 (96.34%)
7D Price Prediction
N/A
1st 1D CandleMay '19
1st TradeMay '19
1st OrderbookMay '19
Exchanges29
Trading Pairs80
Updated3 minutes

UNUS SED LEO Statistics

Price

$2.6154
Price Change
-$0.261708 (-9.10%)

All-Time High

$3.8095
Date of ATH5/12/2021
Days Since ATH75
% of ATH68.65%
Price vs ATH

Market Cap

$2.48B
Mkt Cap Change
-$248.60M-$248,596,250 (-9.10%)
Mkt Cap Rank47
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

949,199,141
Max Supply985,239,504
% in Circulation96.34%
% in Circulation

Volume

$19.74M$19,738,605
Vol. Change
-$1.87M-$1,868,086 (-8.65%)
Exchange VolumeUnknown

Transparent Volume

16%
Transparent Volume (Δ)
411.65%
Transparent Volume
A - 16%
C - 83%
D - <1%

About UNUS SED LEO

UNUS SED LEO (LEO) is a utility token issued by iFinex in May 2019. iFinex is the parent company of the Bitfinex exchange and the cryptocurrency, Tether (USDT). The UNUS SED LEO token is named after iFinex’s company motto which is a Latin citation from Aesop’s fable, “The Sow and the Lioness.” In the fable, the sow brags about her numerous children then asks the lioness how many children she has. The lioness responds, “Unus sed leo,” which translates to, ”One, but a lion.”

The LEO token launched on the Ethereum blockchain as well as the EOS blockchain. The LEO token utilizes a dual-protocol token approach to contribute to the development of blockchain interoperability. LEO token holders can easily convert between the Ethereum and EOS protocols by using Bitfinex as a bridge between the two blockchains.

UNUS SED LEO token holders receive discounts on trading fees when swapping between cryptocurrencies on the Bitfinex exchange as well as its two cryptocurrency-specific exchanges, EthFinex and EOSFinex.

The primary purpose of the LEO token is to recoup lost funds. In 2018, Bitfinex’s payment processor, Crypto Capital, lost $850 million of Bitfinex's funds. Some have argued (e.g. the New York Attorney General’s office) that Bitfinex subsequently used funds from Tether to secretly cover the shortfall.

In an effort to raise more funds, iFinex created the UNUS SED LEO token and conducted a private offering of $1 billion. During the private sale, the purchase price of the LEO token was 1 USDT for 1 LEO. In only 10 days, the entire supply of 1 billion LEO tokens were sold.

According to the white paper, iFinex and its affiliates will buy back the LEO tokens on a monthly basis at “...a minimum of 27% of the consolidated gross revenues of iFinex from the previous month, in perpetuity until no tokens are in commercial circulation.” iFinex also stated in the white paper, they will continue their efforts in recovering the $850 million from Crypto Capital. If they succeed, they stated that an amount equal to 95% of the recovered funds will be used to repurchase outstanding LEO tokens which then will be burned. Additionally, LEO tokens used to pay trading fees on Bitfinex will also be burned.

The repurchasing and burning of LEO tokens from recovered funds will reduce the token’s total supply and drive the price up through time. According to Bitfinex, the LEO token was created as a temporary measure. Over time, the company intends to buy back all LEO tokens in circulation ensuring customers are ultimately refunded. In June 2019, Bitfinex launched a transparency initiative that provides real-time data on all collected platform fees. In addition, LEO token holders can view and track iFinex revenues as well as LEO token burn quantities.

iFinex is headquartered in Hong Kong and registered in the British Virgin Islands.

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UNUS SED LEO Markets

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UNUS SED LEO Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current UNUS SED LEO price? How much is 1 UNUS SED LEO worth?

    The price of 1 UNUS SED LEO is $2.6154. Over the last 24 hours, a UNUS SED LEO is worth -9.10% less. Go here to convert LEO prices to currencies other than USD.
  • When did UNUS SED LEO start?

    The earliest trading data for UNUS SED LEO is on May of 2019 (based on current exchange data).
  • How high can the UNUS SED LEO price go?

    UNUS SED LEO’s price has gone as high as $3.8095 (which is LEO’s all-time high). It achieved this price 3 months ago. Speculations abound for how high UNUS SED LEO’s price will get in the future.
  • What's the smart contract address for UNUS SED LEO?

    UNUS SED LEO's smart contract address is 0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3.

Today's LEO / UNUS SED LEO News for July 26, 2021

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