Price has increased by 5.84% in the last 1 year.
UNUS SED LEO is currently trading 0.89% above the 200-Day SMA which is $3.70.
The 14-Day Relative Strength Index (RSI) is at 50.33 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 17 which is 57%.
The circulating supply has yet to be published.
Has high liquidity with 0.00019 volume to market cap ratio. The current market cap is ₦2.71T while the 24-hour volume is ₦501.37M
As part of the Bitfinex cryptocurrency exchange's parent company, iFinex, UNUS SED LEO is the company's latest ICO project. Crypto Capital, Bitfinex's former payment processor, seized funds, leading to the token's launch.
A dual-chain utility token residing on the Ethereum and EOS blockchains, Leo is not the first digital currency launched by iFinex throughout its turbulent history. In addition to its unique characteristics, LEO has a limited lifecycle, making it one of the few cryptocurrencies with this feature.
After Crypto Capital, the business that handled iFiex's payments was confiscated by authorities in May 2019, iFinex conceived UNUS SED LEO. It was impossible to retrieve these funds, so iFinex, Bitfinex's parent company, created the LEO token instead.
An initial exchange offering (IEO) is being conducted for UNUS SED LEO tokens for 1 USDT per token. For USD 1 billion, the money was raised over 10 days. Due to this transaction, the Panama-based bank Crypto Capital lost $850 million to iFinex.
Aesop's fable, The Sow and the Lioness, stands behind the token's Latin name, 'Unus sed leo,' which translates to 'one, but a lion'.
A cryptocurrency designed to save Bitfinex customers money on trading fees, the cryptocurrency empowers the Bitfinex community. LEO account balance determines the discount amount, and three tiers of savings are available. There is a difference in fluctuations between crypto-to-crypto trading pairs and crypto-to-stablecoin trading pairs.
Bitfinex hopes to use LEO to solve the problems it faces in its ecosystem and develop the Bitfinex community.
The token also has a limited lifespan and is subject to buyback and burn mechanisms. Token buybacks for burning constitute 27% of Bitfinex's revenue. Using Bitfinex's dashboard, one can keep track of the purchases and burns of their tokens in a comprehensive, open manner. Until no tokens remain in commercial circulation, iFinex will repurchase them at current market rates. A unique feature of LEO is that it only exists for a while. Previous assumptions have assumed that iFinex's buyback figures include revenues from Tether due to its ownership of a significant portion of the company.
This buyback scheme will also receive 80% of any BTC recovered from a 2016 breach suffered by iFinex, according to the UNUS SED LEO white paper. The total amount of bitcoins recovered so far is 6.5. Moreover, if iFinex can recover the money lost by depositing with Crypto Capital, 95% of the cash will be allocated to the buyback program.
Around 1 billion token supply was burnt, according to a recent report. It's worth around $232 million.
In the iFinex ecosystem, LEO is the utility token. Token holders benefit from the company's portfolio and future projects, products, and services.
This provides freedom and interoperability to holders of LEO tokens. It is home to two distinct groups and habitats. Doing so enhances the currency's usability on decentralized exchanges (DEXs) and decentralized applications (DApps).
Since the two platforms are linked, the LEO token can also be transferred between Ethereum and EOS through Bitfinex. Thus, both ERC20 and EOS token standards may be used.
To maintain its commitment to buy back UNUS SED LEO every month, iFinex will use a token burn mechanism. At least 27% of BitFinex's transaction fees are generated from purchases and burns.
As a result of the burn of all tokens, Bitfinex users will have the opportunity to receive discounts and active multipliers and reduce commission costs.
LEO tokens were issued on two blockchains, unlike some cryptocurrencies that launch on a single blockchain. Ethereum accounted for 64% of the original supply, while EOS accounted for 36%.
Also, both Bitfinex and EOSfinex operate under iFinex, so the above discounts apply to both platforms. A similar discount will be offered to LEO token holders on future platforms under the iFinex banner.
One more time, let's discuss the LEO token burn. In the long run, it will lead to a deflation of the supply. In the whitepaper, iFinex mentions that at least 27% of iFinex's previous month's consolidated gross revenue will be burned every month in LEO tokens.
Unus Sed Leo token matrices
|Token Name||UNUS SED LEO|
|Circulating supply||660.00 million LEO (660,000,000.00 LEO)|
|Total supply||660.00 million LEO (660,000,000.00 LEO)|
|Ethereum contract address||0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3|
Unus Sed Leo (Leo) is available on various cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Unus Sed Leo (Leo)
The current price of the UNUS SED LEO(LEO) is ₦2,914.49, with a current market cap ₦2,708,009,575,220.26.
LEO is a ticker symbol of the UNUS SED LEO.
At the movement,929.15M UNUS SED LEO tokens are already in the market out of 985.24M LEO.
No, It is not a stablecoin.
UNUS SED LEO had an all-time low of ₦627.91.
UNUS SED LEO had an all-time low of ₦627.91.
No, the UNUS SED LEO (LEO) coin cannot be mined.
The current UNUS SED LEO to NGN price is ₦2,914.49. In the last 24 hours, LEO to NGN price has gone up by 1.52%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future UNUS SED LEO price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired UNUS SED LEO at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging LEO against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, UNUS SED LEO can be earned or received in various ways. LEO considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the LEO, including LEO to PHP, LEO to INR, LEO to NGN, LEO to THB, LEO to CAD, LEO to PKR, LEO to IDR , LEO to EUR , LEO to AUD , LEO to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 LEO is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like LEO to BTC, LEO to PEPE, LEO to SOL, LEO to LINK, LEO to LUNC, LEO to ETH, LEO to MATIC, LEO to XRP .
LEO to NGN price today is ₦2,914.49, which is Up by 1.52% over the last 24 hours. There has been an hourly Rise by 0.18%. UNUS SED LEO's market cap currently sits at ₦2,708,009,575,220.26 NGN, holding up for a market cap rank at #20. The volume were at ₦501,369,800.01 NGN UNUS SED LEO ranks no 20 in the market capitalization of UNUS SED LEO is at ₦2,708,009,575,220.26 and its volume for 24 hours is ₦501,369,800.01. UNUS SED LEO are under circulation, with total supply of 985.24M and the Maximum supply of 0.
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