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No About UNUS SED LEO (LEO)
UNUS SED LEO is the newest cryptocurrency project of the BF (Bitfinex) crypto exchange’s parent company, iFinex. The token was launched through IEO in May 2019. UNUS SED LEO was launched after the US government seized funds in the custody of Crypto Capital, Bitfinex (BF) formal payment processor.
Leo was one of many digital currencies launched during the turbulent history of iFinex. It is a dual-chain utility-based token developed on the Ethereum and EOS blockchains. It has several unique features, one being that it is one of the few cryptocurrencies with a limited lifecycle built into its protocols. So, what is this UNUS SED LEO token used for? The answer is that this token was initially created to benefit users of the iFinex ecosystem. This was a way of regaining users’ trust after the company’s turbulent time. This token gives investors and users discounts on the Bitfinex trading platform and other iFinex Products or services.
How Does UNUS SED LEO Work?
One of the most amazing features of the token is that it is designed to have a limited lifespan. The question is, “How does UNU SED LEO tend to achieve that? This is how iFinex donates 27% of gross revenues to a buy-back plan at the best Market cost and rates until it is no longer in commercial circulation. Since iFinex is also the owner of Tether. We will assume that the 27% profit also includes the one generated through Tether. The above statement is absolutely on the assumption level nothing is confirmed.
Some time ago, a white paper stated that some BTC recovered from the 2016 scam would also go towards the buy-back scheme. Since then, about 6.5 BTC have been recovered. So if iFinex recovered some of the funds lost from the US government’s seizure of their former payment processor crypto capital. More than 90% of the recovered money is expected to be focused on the buy-back scheme. You can not get this token by mining.
How to Buy UNUS SED LEO?
Buying This coin is as easy as doing anything else. Before buying, you should check the UNUS SED LEO price USD through the stock chart and graph to see the all time highs and lows to know if it’s a good time to buy.
Follow these steps to buy the token.
- Download any good wallet, e.g. MetaMask wallet.
- Set-up your wallet
- Buy Ethereum as your base cryptocurrency.
- Send your Ethereum from Binance or any other exchange to your crypto wallet.
- Select a Decentralized Exchange (DEX)
- Connect your already set-up wallet.
- Trade your Ethereum to get UNUS SED LEO.
