What Is Unus Sed Leo?

Unus SED LEO is a utility token that iFinex (the parent company of Bitfinex) launched in 2019 to recuperate losses after it suffered a government seizure of funds. The LEO token, unlike other tokens, is not intended to remain on the market. Instead, iFinex is in the process of gradually buying back the tokens until none are left, and to ensure transparency Bitfinex publishes minute-by-minute updates on the current supply, the number of LEO tokens that have been burned, and comparisons of LEO burns on a daily basis. The 660 million ERC-20 tokens were launched on not one, but two blockchains, Ethereum (whose average block time is 13-15 seconds) and EOS (whose average block time is near instant) and, as they were pegged to the dollar through Tether, sold for $1 apiece. See below for a full selection of markets where you can trade LEO for other cryptocurrencies, US dollars, and other fiat currencies.