UNUS SED LEO (LEO) is a cryptocurrency issued by iFinex Inc., the parent company of Bitfinex, one of the largest cryptocurrency exchanges in the world.
LEO was launched in May 2019 as a utility token to be used within the Bitfinex platform and ecosystem.
According to its design, users can use LEO to pay for trading fees, withdraw funds, and access various services on the platform.
Bitfinex provides regular reports and disclosures about the use and allocation of funds from the initial sale of LEO tokens to maintain transparency with its user community.
Special benefits and community engagement
Bitfinex offers fee discounts to users who pay their trading fees using LEO tokens. Holding LEO tokens can provide additional benefits and privileges on the exchange.
Bitfinex actively engaged with the LEO token community, seeking feedback and suggestions to improve the token’s utility and benefits on the exchange.
Token burning
Bitfinex commits to periodic token burning events where a portion of LEO tokens are taken out of circulation. Token burns are intended to reduce the total supply of LEO and potentially increase its value over time.
Source: https://coinidol.com/unus-sed-leo-leo/