Cryptocurrency Introduction - $LEO
For more information, DOWNLOAD Super Stocks at https://apple.co/2XZuTYw
Cryptocurrency - $LEO
LEO
LEO is a utility token for use on Bitfinex and other iFinex trading platforms, with 963 million of supply. It reduces the charging and lending fees for the use of the trading platforms, products, and services offered by iFinex. Its team also promises that up to 25% of trading fees will be deducted first in LEO, provided that the trader holds these tokens. Until this video is made, 36.84 million LEO tokens have been burned.
Each month, iFinex and its affiliates will repurchase from the market a certain amount of LEO equivalent to at least 27% of iFinex consolidated gross revenue last month, until no tokens enter commercial circulation. The repurchase will be carried out at prevailing market rates. The LEO tokens used to pay the fees can also be burned.
Founded in 2012 as a peer-to-peer bitcoin exchange, Bitfinex is one of the older exchanges in the blockchain industry. In May 2019, Bitfinex and its sister company Ethfinex announced the launch of Tokinex, their initial exchange offering (IEO) platform.
#cryptocurrency #LEO #investment