LEO - UNUS SED LEO Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
1D
USD

UNUS SED LEO (LEO)

LEO Price
$1.3482
0.74%
Market Cap
$1.31B
0.74%
Volume
$15.69M
78.18%
Transp. Vol.
3%-44.78%
Grade
A gradeA grade
Rank
#24

LEO / UNUS SED LEO Price

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UNUS SED LEO Daily Performance

Today's UNUS SED LEO price is $1.3482, which is up 1% over the last 24 hours. UNUS SED LEO's market cap is $1.31B. 24 hour LEO volume is $15.69M. It has a market cap rank of 24 with a circulating supply of 973,500,257 and max supply of 985,239,504. UNUS SED LEO is traded on exchanges. UNUS SED LEO had an all-time high of $1.9705 over 1 year ago. Over the last day, UNUS SED LEO has had 3% transparent volume.

LEO Data Highlights
Market Cap
$1.31B
0.74%
Volume
$15.69M
78.18%
Transp. Vol.
$392,7003%-44.78%
Transparency GradeA gradeA grade(Transparent)
Circulating Supply973,500,257
Max Supply985,239,504
7D Price Prediction
N/A

UNUS SED LEO Statistics

Price

$1.3482
Price Change
$0.009953 (0.74%)

All-Time High

$1.9705
Date of ATH6/12/2019
Days Since ATH536
% of ATH68.42%
Price vs ATH

Market Cap

$1.31B
Mkt Cap Change
$9.62M$9,622,923 (0.74%)
Mkt Cap Rank24
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

973,500,257
Max Supply985,239,504
% in Circulation98.81%
% in Circulation

Volume

$15.69M$15,694,425
Vol. Change
$6.89M$6,886,224 (78.18%)
Exchange VolumeUnknown

Transparent Volume

3%
Transparent Volume (Δ)
-44.78%
Transparent Volume
A - 3%
C - 97%
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

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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 $1.3482. Over the last 24 hours, a UNUS SED LEO is worth 0.74% more. 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 $1.9705 (which is LEO’s all-time high). It achieved this price over 1 year ago. Speculations abound for how high UNUS SED LEO’s price will get in the future.

Today's LEO / UNUS SED LEO News for November 29, 2020

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