UNUS SED LEO Coin (LEO) is a cryptocurrency launched through an Initial Exchange Offering (IEO) by the Bitfinex cryptocurrency exchange. What makes the LEO Coin, an Ethereum-based ERC-20 type cryptocurrency, special is that it was introduced to the market by Bitfinex during a critical time, revitalizing trust in the exchange.
In this content, you can find answers to questions like what is LEO Token, why this coin is so important for the Bitfinex cryptocurrency exchange, and which exchanges can be used to purchase LEO Token.
What is UNUS SED LEO Coin?
LEO coin was launched by Bitfinex cryptocurrency exchange as an Initial Exchange Offering (IEO). When the first sale was organized, it was announced that the total supply would be about 1 billion dollars, and UNUS SED LEO was launched at a unit price of 1 dollar. The LEO Token, marked as the first and only IEO conducted by Bitfinex, sparked a race to purchase, and the exchange reached its targeted 1 billion dollar sale.
It is known that many corporate firms are among those who have purchased LEO Token. The foundation of the LEO Token is based on the monthly profit rate of the Bitfinex cryptocurrency exchange. Bitfinex will spend 27% of its total profit each month to buy LEO Tokens and then burn these tokens to ensure a continuous increase in value. The value of the LEO Token, which was introduced to the market at 1 dollar, has risen in a short time, and as of the writing of this article, it is trading at 1.26 dollars. This shows a 25% increase in the value of the LEO Token.
What is LEO Token?
The story of LEO Token’s market entry is quite interesting. The New York Attorney General’s office suddenly froze a crypto fund of $850 million transferred by Bitfinex to Crypto Capital Corp. This situation severely affected Bitfinex and the management of Tether linked to it. Bitfinex conducted a 1 billion dollar targeted IEO to compensate for the funds and to refresh trust in the market, successfully recovering more than it lost.
The UNUS SED LEO token is currently positioned as the 18th largest cryptocurrency and it can be said that this token will gain in value as long as Bitfinex continues its successful journey. Bitfinex is one of the world’s largest leveraged crypto trading platforms, which shows that the LEO Token will become one of the most recognized coins in the cryptocurrency sector.
Purchasing UNUS SED LEO
So, what needs to be done to purchase UNUS SED LEO token? LEO Token can be directly purchased through its own exchange, Bitfinex. Since Bitfinex does not yet support Turkish Lira, it is necessary to use Bitcoin, Ethereum, EOS, USDT Tether, or US Dollar for such a transaction. If a transaction will be made with fiat currency, it is possible to easily purchase LEO Token using a cryptocurrency similar to USDT from a platform requiring KYC.
After sending the mentioned USDT to Bitfinex, the desired amount of LEO can be purchased by selecting the LEO/USDT trading pair from the exchange’s “Trading” menu.
