iFinex Inc. owns and operates Bitfinex and Tether

UNUS SED LEO (LEO) is a cryptocurrency and operates on the Ethereum platform. UNUS SED LEO has a current supply of 985,239,504 with 953,954,130 in circulation. The last known price of UNUS SED LEO is 5.93658868 USD and is down -1.08 over the last 24 hours. It is currently trading on 19 active market(s) with $7,592,024.26 traded over the last 24 hours. More information can be found at https://www.bitfinex.com/.

UNUS SED LEO

BitFinex (iFinex Inc.)

Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets. The company was founded in 2017.

Arrington XRP Capital

IOSG Venture is an early-stage fund for decentralized protocols and companies. We’re a community of founders, engineers, and researchers who pool our capital, expertise, and networks together to support the world’s most ambitious teams.Our team is distributed in China,Seatle,Singapore and Berlin. IOSG Venture will invest in very-early-stagealgorithm-based ventures, covering Open Finance Infrastructure,Web 3.0 simulations, and crosschain industry. In particular we keep our ears very close to the ground and are in touch with top scientific talent even before they start ventures. IOSG Venture is one of Polkadot’s largest investors, Blockstack’s Asian Strategic Investor,NEAR Protocol’s China community lead investor,Conflux community advisor.We also participated in the stakng of Cosmos, Kava，IoTeX,Kusama. I am very happy to communicate with you, and cooperation we have ten years history of traditional technology investments.

IOSG Ventures

Tether (USDT) is a cryptocurrency and operates on the Ethereum platform. Tether has a current supply of 82,164,697,048.77821 with 79,442,056,421.09529 in circulation. The last known price of Tether is 1.00043952 USD and is down -0.01 over the last 24 hours. It is currently trading on 28914 active market(s) with $73,966,209,298.22 traded over the last 24 hours. More information can be found at https://tether.to.

Tether

<h2 class="MuiBox-root jss3858"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss3859"><strong>Key Info</strong>
<div class="jss3891">Token Type: ERC-20, Omni, TRC-20. Token Uses: Payments</div>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">USDT can be transacted over Ethereum, Bitcoin's Omni layer, EOS, and Tron in the same manner as ether, bitcoin, eos, and tron, respectively. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account. Tether&rsquo;s existence on public blockchains allows traders and exchanges to use USDT as an alternative to fiat currencies, reducing or eliminating the need for banking relationships and outsourcing custody of fiat currencies to Tether Ltd.</p>
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<h2 class="MuiBox-root jss3858"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss3859"><strong>Key Info</strong>
<div class="jss3891">General Emission Type: Burn &amp; Mint. Precise Emission Type: Other Burn &amp; Mint models</div>
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<strong>Details</strong>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">Hong Kong based Tether Ltd. is the sole entity capable of altering the circulating supply of USDT tokens. Users create new tokens by depositing fiat currency into bank accounts operated by Tether Limited, which leads to a creation of new USDT tokens on a 1:1 reserve basis. USDT can be transacted over the Omni layer in the same manner as bitcoins. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account.</p>
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Technical Data

<p><em>Cryptocurrency is constantly in the news as well-known financial institutions and companies add Bitcoin to their balance sheets. In recent times, the less volatile assets within cryptocurrency &mdash; stablecoins &mdash; are also making their way onto investors&rsquo; radars. The largest stablecoin by market capitalization is Tether (USDT).</em></p>
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<h1 id="what-is-tether-usdt"><span id="What_is_Tether_USDT" class="ez-toc-section">What is Tether (USDT)?</span></h1>
<p><strong>Tether (USDT)</strong>&nbsp;is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.&nbsp;<strong>Tether</strong>&nbsp;works to disrupt the conventional financial system via a more modern approach to money.&nbsp;<strong>Tether</strong>&nbsp;has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit),&nbsp;<strong>Tether</strong>&nbsp;has democratised cross-border transactions across the blockchain.&nbsp;<img title="What is Tether (USDT)? The most widely adopted stablecoins 1" src="https://news.coincu.com/59840-what-is-tether-usdt/" alt="" data-pin-no-hover="true" /></p>
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<p><strong>USDT</strong>&nbsp;has been integrated into various platforms such as Bitcoin Blockchain, Ethereum, Tron, EOS, Liquid Network, Omni, Binance Smart Chain, etc. Buying, selling, and hoarding USDT is therefore simple and quick.</p>
<h1 id="what-does-tether-usdt-do"><span id="What_does_Tether_USDT_do" class="ez-toc-section">What does Tether (USDT) do?</span></h1>
<p>The technical structure of Tether is that it is based on the Omni Platform. The platform provides the foundation from which various digital assets are supported. The stablecoin&rsquo;s built on Bitcoin (BTC) and Ethereum (ETH) blockchains.</p>
<p>Tether exists as a 1:1 currency peg for the US Dollar, Euro, and the Offshore Chinese Yuan. These fiat currency-backed stablecoins are essentially digital tokens that represent the value of their underlying assets.</p>
<p>They function just like their other cryptocurrency counterparts and move value on their respective blockchains.</p>
<p>Speaking of blockchains, Tether tokens operate on the Bitcoin (Omni and Liquid protocol),&nbsp;<a href="https://wazirx.com/blog/what-is-ethereum/" target="_blank" rel="noopener">Ethereum</a>, EOS, and Tron blockchains.</p>
<p>Tethers existing on these blockchains are like applications that leverage the open-source software of these decentralized networks for the supply and issuance of tokenized real-world currencies.</p>
<h2 id="purpose-of-tether-usdt"><span id="Purpose_of_Tether_USDT" class="ez-toc-section"></span>Purpose of Tether (USDT)</h2>
<ul>
<li>Make it easy for consumers to pay for currency transactions between different countries, replace current transaction payments and audits of unstable wallets.</li>
<li>Provide evidence of the reserve steps, easily query the transaction payment number by the check appearance. The total amount of USD into the reserve is also proven by checking the balance with the bank balance.</li>
</ul>
<h1 id="how-to-buy-tether-usdt">How to buy Tether (USDT)?</h1>
<p>Tether is available to purchase on Liquid. You can also use the Liquid exchange to store your&nbsp;<strong>USDT</strong>. Liquid supports a variety of fiat-backed stablecoins such as GYEN, ZUSD, XSGD, USDT,&nbsp;<a href="https://news.coincu.com/59225-what-is-usdc/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://news.coincu.com/59225-what-is-usdc/">USDC</a>, IDRT. These stablecoins are key components of Liquid&rsquo;s Stablecoin Exchange initiative, which will provide Liquid users a service to lend and borrow stablecoins and trade synthetic FX pairs 24/7 using credible, fiat-backed stablecoins.&nbsp;</p>
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<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"><strong>Tether (USDT)</strong>&nbsp;addresses a critical area: Linking fiat currency and cryptocurrency assets. More importantly, Tether allows customers to enjoy many benefits of crypto trading and transactions without worrying about sudden price fluctuations.</figure>
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<p>Read More: <a href="https://coincu.com/currencies/usdt-tether/stories/">Click Here</a></p>
<h2 class="MuiBox-root jss3858"><strong>Technology</strong></h2>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">Tether relies on a proof-of-reserves system to ensure that reserve assets match circulating tokens. This requires a third-party to audit Tether&rsquo;s bank accounts on a regular basis to show that U.S. dollar reserves are held in an amount equal to outstanding tokens. Tether uses an IOU issuance model where each USDT represents a claim for $1.00 held in the Tether's reserves which users can redeem at any time.</p>
<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">On Bitcoin, USDT tokens are issued via the Omni Layer protocol, which is a protocol built as a layer over Bitcoin that allows for the issuance of tokens representing any kind of asset.</p>
<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">On Ethereum, USDT tokens are issued using the $2 protocol standard for creating tokens on Ethereum. ERC-20 tokens include a common set of rules that define how a token can be transferred, approved, and requested.</p>
<h1 id="usdt-price-statistics">USDT Price Statistics</h1>
<p>In most stablecoin scenarios, the token will have its value pegged to a fiat currency. In the case of Tether,&nbsp;<strong>USDT</strong>&nbsp;shares its value with the US dollar. In essence, 1&nbsp;<strong>USDT</strong>&nbsp;is worth $1. Additionally, anyone can choose to redeem their 1$ of fiat currency through Tether Unlimited at any time.</p>
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<h1 id="is-tether-usdt-a-good-investment"><span id="Is_Tether_USDT_a_good_investment" class="ez-toc-section">Is Tether (USDT) a good investment?</span></h1>
<p>With the creation of&nbsp;<strong>Tether</strong>&nbsp;<strong>and other stablecoins</strong>, it is quick and easy to swap any cryptocurrency for Tether, while converting a cryptocurrency to cash would take days and cost transaction fees. This creates liquidity for exchange platforms, creates no-cost exit strategies for investors and adds&nbsp;<a href="https://www.gobankingrates.com/investing/crypto/stablecoin-regulation-bring-level-of-certainty-bank-stocks/" target="_blank" rel="noopener">flexibility and stability</a>&nbsp;to investors&rsquo; portfolios.</p>
<p>Additionally,&nbsp;<strong>Tether</strong>&nbsp;can be sent anywhere globally much more quickly and with lower fees than transfers at traditional banks and financial institutions. While most people wouldn&rsquo;t use Bitcoin or Ethereum for purchases and daily transactions due to their high volatility, it makes perfect sense to use Tether.</p>
<p>For these reasons and more, it is still worthwhile to consider investing in&nbsp;<strong>Tether</strong>. While&nbsp;<strong>Tether</strong>&nbsp;is not necessarily a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar, there are lending platforms, exchanges and wallets that will pay you high-interest rates to store&nbsp;<strong>USDT</strong>&nbsp;on their platform.</p>
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All about

<div>
 <p>
 </p>
 <p>
  The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.
 </p>
 <h2 id="who-are-the-founders-of-tether">
  Who Are The Founders Of Tether?
 </h2>
 <p>
  USDT — or as it was known at the time, Realcoin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.
 </p>
 <p>
  Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.
 </p>
 <p>
  Reeve Collins was the CEO of Tether for the first two years of its existence. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.
 </p>
 <p>
  Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.
 </p>
 <h3 id="what-makes-tether-unique">
  What Makes Tether Unique?
 </h3>
 <p>
  USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.
 </p>
 <p>
  The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.
 </p>
 <p>
  This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.
 </p>
 <p>
  However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.
 </p>
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 <h3 id="how-many-tether-usdt-coins-are-there-in-circulation">
  How Many Tether (USDT) Coins Are There In Circulation?
 </h3>
 <p>
  There is no hard-coded limit on the total supply of USDT — given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tether’s own policies. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the company’s actual cash reserves.
 </p>
 <p>
  Moreover, Tether does not disclose its issuance schedules ahead of time. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation.
 </p>
 <p>
  As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether.
 </p>
 <h3 id="how-is-the-tether-network-secured">
  How Is the Tether Network Secured?
 </h3>
 <p>
  USDT does not have its own blockchain — instead, it operates as a second-layer token on top of other cryptocurrencies’ blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms.
 </p>
 <h3 id="where-can-you-buy-tether-usdt">
  Where Can You Buy Tether (USDT)?
 </h3>
 <p>
  It is possible to
  <a href="#">
   buy Tether
  </a>
  / USDT on a large number of cryptocurrency exchanges. In fact, USDT’s average daily trading volume is often on par or even exceeds that of Bitcoin. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Here are some of the most popular exchanges that support Tether trading:
 </p>
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  <li>
   <a href="#">
    Binance
   </a>
  </li>
  <li>
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    OKEx
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    HitBTC
   </a>
  </li>
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    Huobi Global
   </a>
  </li>
 </ul>
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description

<p><strong><a href="https://news.coincu.com/59840-what-is-tether-usdt/">Tether </a>(USDT)</strong>&nbsp;is a member of the stablecoins family. Although Tether had no collateral, it acts similar to that of a reserve bank to maintain the necessary supply of&nbsp;<strong>Tether (USDT)</strong>&nbsp;tokens, providing users with stable, transparent, and minimal transaction fees.</p>
<p>Read more: <a href="https://coincu.com/currencies/usdt-tether/stories/">Click here</a></p>
<p>&nbsp;</p>

Verdict 

<h2><strong>Community</strong></h2>
<p>This project has <a href="https://twitter.com/tether_to">271.2K Followers</a>&nbsp;on Twitter</p>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1655892713927.image" /></p>

Community and Backer

<h1 class="has-luminous-vivid-orange-color has-text-color">Verdict</h1>
<p>The LEO token is quite unique in terms of why it was created, putting it out as a dual chain coin, and the fact that it is planned to eventually cease to exist. That said, it has seen a good price history, and considering the small number of coins burned so far it is logical to assume that the upward price momentum of the token will continue.</p>
<p>Thus far less than 5% of the total supply has been burned, which isn&rsquo;t a huge hit to supply. If we presume that Bitfinex remains a popular exchange, and that its users remain interested in discounts to their trading fees, then the steady reduction in supply should combine with continuing or increased demand to put upward pressure on the token price.</p>
<p>&nbsp;</p>

<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_UNUS_SED_LEO" class="ez-toc-section"></span>What is UNUS SED LEO?</h1>
<p>UNUS SED LEO (LEO) is a new token designed to extend the capabilities of all platform users and services to iFinex, the parent company of Bitfinex. Such a decision should help to cope with the crisis that arose after the accusations against the trading platform about the illegal use of Tether cryptocurrency cash.</p>
<p>With UNUS SED LEO, Bitfinex plans to fill its own budget. As a result of the initial exchange, $ 1 billion was collected.</p>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<h2 id="part1"><span id="Utility_of_the_LEO_token" class="ez-toc-section"></span><strong>Utility of the LEO token</strong></h2>
<p>So what is UNUS SED LEO (LEO) coin used for? It was primarily created to bring benefits to users of the iFinex ecosystem (perhaps as a way of regaining trust following the issues discussed above).&nbsp;LEO gives all holders a range of discounts on the Bitfinex trading platform and other iFinex products. Discounts include taker fee reductions, lending fee reductions and withdrawal and deposit discounts.</p>
<p>There is little else in terms of token utility apart from these holder discounts. Unlike&nbsp;<a href="https://currency.com/what-is-ftx-token-your-ultimate-guide" target="_blank" rel="noopener">FTX</a>&nbsp;and other tokens launched by exchanges, LEO cannot be used to create leveraged positions.</p>
<h2 id="part2"><span id="Buy-backs_and_burns" class="ez-toc-section"></span><strong>Buy-backs and burns</strong></h2>
<p>One of the unique features of LEO coin is its intentionally limited lifespan. How does UNUS SED LEO work to achieve this? IFinex commits 27% of gross revenues to a buy-back scheme at prevailing market rates, until no tokens remain in commercial circulation. Since iFinex owns Tether, it should be assumed that this 27% figure includes revenues raised through Tether; Currency.com has requested confirmation of this.</p>
<p>The&nbsp;<a href="https://www.bitfinex.com/wp-2019-05.pdf" target="_blank" rel="noreferrer noopener">white paper&nbsp;</a>states that 80% of any BTC recovered from the 2016 hack will also go towards the buy-back scheme. So far, 6.5 BTC have been recovered. Additionally, should iFinex ever recover funds lost from the US government&rsquo;s seizure of the former payment processor Crypto Capital, 95% of recovered funds is pledged to the buy-back scheme.</p>
<h2><span id="UNUS_SED_LEO_Wallets" class="ez-toc-section"></span><strong>UNUS SED LEO Wallets</strong></h2>
<p>Because the LEO token was issued on both the Ethereum and EOS blockchains you&rsquo;ll have no problem finding a wide variety of wallets where you can store the token easily. However, in order to receive all the discounts and benefits offered by holding LEO tokens they need to be held in the Bitfinex online wallet.</p>
<p>While that might not be a problem for you, it does create a problem for those who don&rsquo;t fully trust the centralized exchanges. There are always hacking concerns, and when it comes to Bitfinex some users remain very skeptical due to the questions surrounding whether or not iFinex has all the reserves they claim to back Tether.</p>
<p>Read more: <a href="https://coincu.com/currencies/leo-unus-sed-leo/stories/">CLICK HERE</a></p>

<h1>Community</h1>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1655981098249.image" /></p>
<h1>&nbsp;</h1>
<p>&nbsp;</p>

Community And Backers

<div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <h2 id="what-is-unus-sed-leo-leo">
     What Is UNUS SED LEO (LEO)?
    </h2>
    <hr/>
    <p>
     UNUS SED LEO is a utility token that’s used across the iFinex ecosystem. The unusual name is based on a Latin citation from one of Aesop’s fables.
    </p>
    <p>
     The cryptocurrency allows Bitfinex users to save money on trading fees. The extent of the discount depends on how much LEO that the customer has in their account — and the savings on offer are spread across three tiers. There are fluctuations depending on whether a trading pair is crypto-to-crypto, or crypto-to stablecoin.
    </p>
    <p>
     UNUS SED LEO launched in May 2019 — and unlike many other cryptocurrencies out there, it is not designed to exist forever.
    </p>
    <h2 id="who-are-the-founders-of-unus-sed-leo">
     Who Are the Founders of UNUS SED LEO?
    </h2>
    <hr/>
    <p>
     UNUS SED LEO was founded by iFinex after Crypto Capital, the company that processed its payments, saw part of its funds seized by the government. IFinex is the parent company of Bitfinex, which warned that it may not be possible to recover these funds. To cover the financial shortfall, it decided to launch the LEO token.
    </p>
    <p>
     To make good the money lost, iFinex unveiled plans to gradually buy back the token from investors until none are left circulating in the marketplace. A transparency initiative was also launched so the crypto community could monitor the initiative’s progress, and ensure it was meeting stated targets.
    </p>
    <h3 id="what-makes-unus-sed-leo-unique">
     What Makes UNUS SED LEO Unique?
    </h3>
    <p>
    </p>
    <p>
     A token burn mechanism means iFinex is committed to buying back UNUS SED LEO from the market on a monthly basis. The amount that’s purchased and burned is equal to at least 27% of the revenues generated by iFinex — and tokens are also purchased at the market rate. In a news release at the time, the company said: “The burn mechanism will continue until 100% of tokens have been redeemed.”
    </p>
    <p>
     Whereas some cryptocurrencies just launch on a single blockchain, LEO tokens were issued on two blockchains. While 64% of the original supply was on Ethereum, the remaining 36% could be found on EOS.
    </p>
    <p>
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    <h3 id="how-many-unus-sed-leo-leo-coins-are-there-in-circulation">
     How Many UNUS SED LEO (LEO) Coins Are There in Circulation?
    </h3>
    <p>
    </p>
    <p>
     As we mentioned, the circulating supply of LEO tokens is designed to diminish over time. Originally, the total supply was set at 1 billion.
    </p>
    <p>
     LEO was sold for $1 apiece on a 1:1 basis with the Tether stablecoin, meaning that a total of $1 billion was raised over a 10-day period.
    </p>
    <p>
     There were 660 million ERC-20 tokens at launch, as well as 340 million EOS-based tokens — and Bitfinex allows conversions between the two chains to be made with ease.
    </p>
    <p>
     At the time, the company described the dual protocol launch as “unique” — and vowed that it would empower the Bitfinex community.
    </p>
    <h3 id="how-is-the-unus-sed-leo-network-secured">
     How Is the UNUS SED LEO Network Secured?
    </h3>
    <hr/>
    <p>
     These tokens are based on Ethereum and EOS respectively. A dashboard has been released by Bitfinex that offers up-to-minute information on the current supply, and how many LEO tokens have been burned. Bar charts compare LEO burns on a daily basis.
    </p>
    <h3 id="where-can-you-buy-unus-sed-leo">
     Where Can You Buy UNUS SED LEO?
    </h3>
    <hr/>
    <p>
     UNUS SED LEO is available on Bitfinex, Gate.io, OKEx and others. Common trading pairs connect LEO with the U.S. dollar, the USDT stablecoin, Bitcoin and Ethereum. You can find out more about how to convert fiat currencies into Bitcoin
     <a href="#">
      here
     </a>
     .
    </p>
   </div>
  </div>
 </div>
</div>

<p>There are a number of positive features that make them potentially savvy trades. Firstly, the token burn is conducted directly on the market. Binance, by comparison, burns BNB from directly inside their&nbsp;<a href="https://docs.binance.org/tokens.html#burn" target="_blank" rel="noopener noreferrer">treasury</a>.&nbsp;</p>
<p>In 2018, iFinex made a net profit of over $400 million, according to its LEO&nbsp;<a href="https://www.bitfinex.com/wp-2019-05.pdf" target="_blank" rel="noopener noreferrer">whitepaper</a>. That figure is roughly the same as&nbsp;<a href="https://www.cnbc.com/2019/02/14/crypto-exchange-binance-profitable-despite-bear-market-cfo-says.html" target="_blank" rel="noopener noreferrer">estimates</a>&nbsp;for Binance&rsquo;s revenues for the same period. (It must be said that this figure is extrapolated backward from the giant&rsquo;s token burn amounts.)</p>
<figure id="attachment_44343" class="wp-caption aligncenter" aria-describedby="caption-attachment-44343"><img class="td-modal-image wp-image-44343 size-large lazyloaded" src="https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1024x430.png" sizes="(max-width: 696px) 100vw, 696px" srcset="https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1024x430.png 1024w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-868x364.png 868w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-768x322.png 768w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1536x645.png 1536w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-2048x860.png 2048w" alt="Bitfinex burn schedule" width="696" height="292" data-srcset="https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1024x430.png 1024w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-868x364.png 868w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-768x322.png 768w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1536x645.png 1536w, https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-2048x860.png 2048w" data-src="https://static.cryptobriefing.com/wp-content/uploads/2019/08/02094159/Screen-Shot-2019-08-20-at-11.13.52-AM-1024x430.png" data-sizes="(max-width: 696px) 100vw, 696px" />
<figcaption id="caption-attachment-44343" class="wp-caption-text">&nbsp;</figcaption>
</figure>
<p>Bitfinex burns tokens every three hours, according to the countdown timer on its website. However, verifying that these tokens represent the correct proportion of exchange revenues is a different story.</p>
<p>Bitfinex says it intends to burn 100 percent of the supply of LEO. By comparison Binance only plans to burn half of all BNB. Bitfinex spends 27 percent of its quarterly&nbsp;<em>revenue</em>&nbsp;burning LEO tokens compared to Binance&rsquo;s BNB burn of 20 percent of quarterly&nbsp;<em>profit</em>. Margins come into play in the mathematics here, but in theory, LEO coins will be burned at a more aggressive pace than Binance&rsquo;s native tokens.</p>
<p>Benefits of owning UNUS SED LEO tokens include:</p>
<p><em>1)</em>&nbsp;<em>Saving commissions on Bitfinex.</em>&nbsp;All fees for those who hold the token will be reduced by 15% for all pairs of cryptocurrencies.</p>
<p><em>2) Monthly discounts on Bitfinex.</em>&nbsp;Token holders receive a discount of 0.05% for every 10 thousand USDT in UNUS SED LEO tokens held on the trader&rsquo;s balance sheet during the previous month. Calculations are made taking into account each day of the month. The maximum discount is 5%.</p>
<p><em>3)Discount on withdrawal and replenishment of both cryptocurrency and fiat money on the Bitfinex exchange.&nbsp;</em>Holders of more than 50 million UNUS SED LEO will receive a discount of up to 25% on the withdrawal and deposit of cryptocurrencies. Also, customers of the marketplace, who will have tokens in the amount of $ 50 million, will be able to withdraw up to $ 2 million per month without additional fees. In addition, the additional commission will be reduced from 3% to 2% with any withdrawal of more than 2 million USD in fiat monthly.</p>

AstroFarms Finance

<div>
 <p>
 </p>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <p>
     Astrofarms is a next gen DeFi project on Polygon featuring a multi-layer, astrology themed, yield farm model. Bringing innovation to the new generation of yield farms running on Polygon and Quickswap exchange, while bridging the world of Astrology and Finance. Our aim with the current wave of yield farms, is to create an ecosystem of deflationary tokens that represent and educate about the whole Zodiac.
    </p>
    <p>
     We introduced our community to our first token, LEO, and inspired them as we teased them with the upcoming Leo mission; our first exploration (farm) on Polygon. However, we had a surprise Loyalty Rewards System in our ""actual"" Zodiac Roadmap; this has now been updated to reflect our plans. The LEO Token became our community/governance token and has immediate utility for exploration in ALL 12 farms of the Zodiac!!
    </p>
   </div>
  </div>
 </div>
</div>

Leo (LEO) is a cryptocurrency and operates on the BNB Smart Chain (BEP20) platform. Leo has a current supply of 18,000 with 0 in circulation. The last known price of Leo is 164.03921309 USD and is down -0.40 over the last 24 hours. It is currently trading on 1 active market(s) with $39,582.17 traded over the last 24 hours. More information can be found at http://leocoin.one/.

Leonidas (LEO) is a cryptocurrency and operates on the Avalanche C-Chain platform. Leonidas has a current supply of 330,479.19685 with 0 in circulation. The last known price of Leonidas is 7.47076433 USD and is up 6.20 over the last 24 hours. It is currently trading on 1 active market(s) with $69,542.31 traded over the last 24 hours. More information can be found at https://leonidas.finance/.

Leonidas

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <p>
   Sàn giao dịch hàng đầu để giao dịch
   
   Leonidas
   
   hiện nay là
   
   
   .
   
   
   Bạn có thể tìm thấy các sàn giao dịch khác trên
   
   
   của chúng tôi.
  </p>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <p>
      We want to bring a brand-new offering to users that combines the features of many projects they already like, and are forking off $TITANO to do so. Our main features include a modified rebase auto-staking model, liquidity nodes, an income generation pool, and of course the versatility offered by a treasury pool.
     </p>
     <p>
      Our rebase model offers 383,025.80% APY and pays every 15 minutes, making it one of the fastest auto-staking protocols in crypto. Because we use a rebase model, we've incorporated a burning feature that burns 2.5% of all LEO traded in order to keep the token stable. There are also are transaction fees (14% buy and 16% sell) that go to the treasury which can be used for further buybacks if necessary. If not used for buybacks these fees will be used for investments and marketing as the community sees fit. Some of the $AVAX transaction fees are also automatically returned to $LEO holders to reward them for their loyalty.
     </p>
     <p>
      Instead of the lp staking model that traditionally goes along with these fork projects, Leonidas Finance is offering a liquidity node model for users. This lets users earn up to 100% APR while adding non-removable liquidity so that they can trade their auto-staked $LEO with liquidity and and price stability far higher than competitors'. While they compound, users can vote on how to use treasury funds and what features/paths they want from Leonidas Finance.
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <p>
      We want to bring a brand-new offering to users that combines the features of many projects they already like, and are forking off $TITANO to do so. Our main features include a modified rebase auto-staking model, liquidity nodes, an income generation pool, and of course the versatility offered by a treasury pool.
     </p>
     <p>
      Our rebase model offers 383,025.80% APY and pays every 15 minutes, making it one of the fastest auto-staking protocols in crypto. Because we use a rebase model, we've incorporated a burning feature that burns 2.5% of all LEO traded in order to keep the token stable. There are also are transaction fees (14% buy and 16% sell) that go to the treasury which can be used for further buybacks if necessary. If not used for buybacks these fees will be used for investments and marketing as the community sees fit. Some of the $AVAX transaction fees are also automatically returned to $LEO holders to reward them for their loyalty.
     </p>
     <p>
      Instead of the lp staking model that traditionally goes along with these fork projects, Leonidas Finance is offering a liquidity node model for users. This lets users earn up to 100% APR while adding non-removable liquidity so that they can trade their auto-staked $LEO with liquidity and and price stability far higher than competitors'. While they compound, users can vote on how to use treasury funds and what features/paths they want from Leonidas Finance.
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

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