LEO Token (LEO)

Payment token for Bitfinex exchange

#18

Marketcap Ranking

0.910225 (0.6%) arrow_drop_up

Market Price (24h change)

910,225,190

Total Market Cap

2.4

3.8

info_outline What is LEO Token

2.8

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LEO Token Short Description

iFinex started its operations in 2012, initially operating under the Bitfinex brand, making it one of the longest-standing exchanges in the industry. Since then iFinex, through its trading platforms, has become one of the best-known and recognized companies in the cryptocurrency space with a community of passionate entrepreneurs, idealists and technologists that have together created one of the best growth stories in our industry. Our guiding principle has always been innovation for progress. We are known for building industry first products and tools that accelerate the blockchain promise of freedom and scalability set out in the original Bitcoin WhitePaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” released in 2008.

We also believe the best innovation and biggest progress comes from opening our doors to the community, which is why we are dedicated to education and open-source development within the cryptocurrency space. Developing for innovation is a critical element of progress within cryptocurrencies, but driving adoption is equally important. We maintain that the best chance of increasing adoption of cryptocurrency is fiat currency cash flow—increasing the speed and ease by which fiat currencies can be exchanged for cryptocurrency in a legally-compliant manner. We do not dispute that the end goal of cryptocurrencies is to displace the place of fiat in our lives, but we believe that achieving these goals will only be possible after the ecosystem has developed and matured.

Moreover, investment from outside the industry needs to reach the many vital projects that are working hard to improve and scale the technology. For this reason, Bitfinex fights to defend the use of an independent fiat gateway. We are humbled and incredibly grateful that so many of our customers and community members share our approach and ethos and have actively supported us through times of adversity. Here we share an opportunity to stand together, united in our vision for the future of crypto..

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LEO Token Explanation Video

Everything You Need to Know About Bitfinex's IEO - $LEO | Bitcoin for Beginners

Bitfinex recently announced their own IEO for their LEO token as a response to them losing access to $850 million in funds (and which they borrowed from Tether to cover). This mean ...

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Screenshot from Website

www.bitfinex.com
LEO Token Websitemore_vert

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Website Informationclose

Organization: Domain Protection Services, Inc.
Name: Whois Agent
Country: US
City: Denver
Zipcode: 80201
Address: PO Box 1769
Mail: abuse@name.com
Creation date: 2012-10-11
Expiration date: 2023-10-11
Nameserver: RICK.NS.CLOUDFLARE.COM

build LEO Token Product Analysis

3.9

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LEO Token Whitepaper

iFinex Inc. (iFinex), a privately-held financial technology company incorporated in the British Virgin Islands, operates virtual currency trading platforms under the business name Bitfinex, and provides numerous other cryptocurrency and cryptoasset-related products and services. This whitepaper introduces the initial offering of a new utility token, LEO, for use on Bitfinex and other iFinex trading platforms.


The whitepaper of LEO Token is 18 Pages long.

The most influencial keywords are: Bitfinex, Tokens, Marketing, Exchange, Operates, Operational, Included, Fees, Persons, and Purchase.

file_downloadOpen Whitepaper
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LEO Token Competitors

  • 1.) KuCoin Shares

    Kucoin shares are used for collecting fees from participants of the Kucoin exchange, holding it, gives a holder dividend-like rewards.

  • 2.) OmiseGO

    The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

  • 3.) 0x

    An Open Protocol For Decentralized Exchange On The Ethereum Blockchain 0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.

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LEO Token Product Analysis

The exact founding date of LEO Token is unfortunately not that clear. never released their source code, which makes it an intransparent and hidden project with no guarantee that their product works or is being developed.
Organization wise, LEO Tokens Development is Centralized and is being developed under the lead of a non-public figure..

The consensus on which the LEO Token network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of LEO Token currently is

group LEO Token Community Analysis

3.7

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LEO Token Communities & Events

Bitfinex is the worlds largest & most advanced cryptocurrency exchange.

view_list r/bitfinex Subreddit
person 7,666 Subscribers
directions_run 26 Active Users
create 1 Daily Posts
speaker_notes 3 Daily Comments
linkOpen Subreddit

You can view and join @bfxtelegram right away.

view_list We switched to @bitfinex Channel
person 572 Members
directions_run 10 Online
linkOpen in Telegram

Official Twitter account for LEO Token

view_list @bitfinex Channel
person 515,662 Followers
01.28.2020
15:24
🛡️With Bitfinex every day is #DataPrivacyDay! Your security is our top priority; that’s why we offer several kinds of User #AccountProtection and #SystemSecurity. Be #PrivacyAware, check your account and activate the security level best suited for you ⬇️ https://t.co/kKgpPIFpx9 https://t.co/z8qKWZYG1f 49 favorite
01.25.2020
10:57
Happy #LunarNewYear , Bitfinex wish you all the best and Kung Hei Fat Choy. 金鼠进宝,万事如意,Bitfinex祝大家新年快乐,恭喜发财。🐭 72 favorite
01.24.2020
14:47
. @tethergold is now listed on Bitfinex! Trading in XAU₮ is available with U.S. Dollar (XAUt/USD), tether (XAUt/USDt), and bitcoin (XAUt/BTC). Read the official announcement and discover more about XAU₮, the digital token backed by physical gold⬇️ https://t.co/yJbsKUqq69 https://t.co/DBroP9TC9l 199 favorite
01.23.2020
15:06
📊First Reporting Tool update of 2020! New reporting tools now available: Trade Volume, Loan, and Trade Fees. And thanks to the new responsive layout, keeping track of your trading activity has never been easier! Discover more on ⬇️ https://t.co/oIEKknqBhQ https://t.co/hVoYxlIQ9z 36 favorite
01.22.2020
16:51
🛍️Download the new Bitfinex mobile app and get access to a wide catalog of shopping cards directly on your mobile device! ➡️Visit https://t.co/lfTZmYDkVs and find out all the details about the new release. https://t.co/SvTdgVVW0x 20 favorite
01.21.2020
14:17
📜Can crypto futures be the ultimate catalyst for institutional involvement in the crypto ecosystem? Review our latest blog post and share your thoughts⬇️ https://t.co/cFsf05sFTW https://t.co/fM6kmYvLEm 35 favorite
01.20.2020
16:54
📢Bitfinex Introduces Sub-Account Feature Whether you are already testing multiple trading strategies or just thinking to start, the new Master and Sub-account feature is what you need to trade like a Pro! Discover all the advantages https://t.co/dDLBL1cocH https://t.co/OcKYlL0xz7 93 favorite
01.18.2020
17:10
🏆You have time until tomorrow to win #juventus signed and @socios prizes with your $CHZ (@Chiliz) pairs. ⚽Enable now your account for the Public Leaderboard. Take the chance to win! https://t.co/AYDrOJjQQs https://t.co/N1E0RgHXqd 74 favorite
01.17.2020
16:48
🎨Which are the most popular colors in crypto trading? We bet you know it! But another step forward towards crypto mass adoption has been made. On Bitfinex you can finally choose the perfect color combination to enhance your trading activities ⬇️ https://t.co/osPI1mxX8G 58 favorite
01.16.2020
12:41
🐝Have you ever heard of a powerful and open-source tool to execute custom algorithmic orders and event-driven automated trading strategies? Discover how many things you can do with the official Bitfinex Honey Framework UI ⬇️ https://t.co/ulq6oRXWdZ https://t.co/jCTFotFmpf 77 favorite

There are no events for LEO Token in the next 3 Months

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LEO Token Google Trends


The Google Trends chart displays the search interest on google in LEO Token relative to its peak over the last year. A rising chart shows growing interest int he project.

code LEO Token Development Analysis

1.0

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LEO Token Github Analysis


LEO Token is not open source and can therefore not be analyzed. This will automatically give LEO Token a rating of 1 as a penalty for not being open-source.

attach_money LEO Token Price Analysis

4.5

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LEO Token Price Prediction

$ 0.908982 (-0.12%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.933122 (2.54%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter LEO - USD

Convert between LEO and USD with the live LEO Token prices, aggregated from all big exchanges that trade LEO Token.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle LEO Token Team Analysis

4.0

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LEO Token Team

LEO Token Team Members (0)

remove_red_eye LEO Token Product Review by Coinpaper

3.8

Product description

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The introduction of the first cryptocurrency, Bitcoin in 2009, heralded dawn of a new era. Since then the world of digital currencies has garnered a tremendous amount of attention and has provided numerous alternatives to fiat currencies. Owing to this, a lot of cryptocurrency exchanges started to provide incentives to their users in order to maintain their popularity. Bitfinex, a much-known cryptocurrency exchange, launched its own loyalty-building token by the name of LEO which is mainly used for discounts on Bitfinex’s platform.
LEO Token is a proprietary exchange token offered by Bitfinex. It was released in an Initial Coin Offering held by the exchange company. The purpose of this and many other similar platform-based tokens is just to provide an additional incentive to the users by offering them discounts on trading fees if they use the token for their transactions on the exchange platform (CryptoCompare, 2019).

4.5

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The actual product is a loyalty-building token that can be used within the iFinex ecosystem. The token is based on the Ethereum blockchain and it benefits users across the entire iFinex portfolio. The use of the product will allow its users to redeem discounts on their transactions (Coinpaprika, 2019).

4.5

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The founding company of LEO Token is Bitfinex, a reputable cryptocurrency exchange platform that has made a name for itself in the tech community. Bitfinex is owned by theiFinex Corporation which also controls different platforms like Ethfinex, EOSfinex, and other products. The token was released in May 2019 and is being aimed at being a “utility token at the heart of the iFinex ecosystem” (Peaster, 2019).

3.8

How things stand

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The announcement for the release of the LEO token was made at a time that its integrity was being questioned. The cryptocurrency exchange platform Bitfinex had adventured by launching a stablecoin by the name of Tether (USDT) in 2014. Some years down the track, they ran into a fund embezzlement scandal in relation to Tether. It was claimed that they were short of $850 million in funds that were supposed to back/support the stablecoin Tether (USDT). It was in the middle of this controversy that Bitfinex announced the launch of the LEO Token (LEO). So naturally, the release of LEO Token (LEO) worth $1 billion was seen as a double-dealing move made with the intention of recovering the lost amount.
However, LEOToken (LEO) has still managed to make its place in the market, despite the presence of many critics and receiving a lot of backlashes. To make this stay possible, LEO Token has some interesting features that differentiate it from other loyalty-tokens. Firstly, Bitfinex has announced to buyback and burn tokens each month using as much as 27% of its revenue. This gives it an edge over Binance’s BNB coin. Binance intends to only burn 50% of BNB coin, while Bitfinex will eventually burn 100% of LEO tokens (Wheeler, 2019).
Recently, a crypto research and analysis firm, Cointelligence, has claimed that the smart contract of LEO token has been deliberately designed in such a way that it can open ways for multi-billion-dollar fraud (Antonovici, 2019).

1.8

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The code of LEO token has been developed by iFinex’s developers. The token was issued by the iFinex subsidiary Unus Sed Leo. The development activity cannot be tracked as the GitHub repository isn’t publicly accessible. Because Leo Token is a utility token, the development of the system in which it is used should be considered. The development of the Bitfinex exchange is solid.

4.2

Pro-Contra

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Transaction cost LEO token will grant discounts to its users on transactions.
Product availability LEO token has been released in May 2019 and has been under use ever since.
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Security Relatively low. LEO Token (LEO) is relatively new/unproven.
Adoption The acceptance of LEO Token (LEO) has been limited to the Bitfinex exchange ecosystem.
Transactions per second LEO token is based on Ethereum blockchain and can therefore not process more transactions per second than other cryptocurrencies.
Transaction speed LEO token is based on Ethereum blockchain and therefore has no better transaction speed than other cryptocurrencies.
Enery consumption There is no official data that reveals the energy consumption of LEO token.
Decentralization LEO Token (LEO) is centralized.
Exchange availability LEO Token (LEO) is prevalently available only on the Bitfinex platform.
Privacy Transactions with LEO Token (LEO) are pseudonymous and could be tracked.

remove_red_eye LEO Token Market Review by Coinpaper

3.8

Foresight

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It’s uncertain whether or not LEOToken (LEO) will be able to grow, owing to a number of reasons. Firstly, it is owned by a cryptocurrency exchange that itself has damaged its reputation and experienced the slowest growth in 2019. People are gravitating towards different platforms that are more attractive and whose proprietary tokens offer much better incentives. Until Bitfinex releases itself from the clenching tentacles of the Tether lawsuit, its future seems bleak and questionable, for sure (Comben, 2019).
The performance of LEO token wholly lies on the performance of its platform Bitfinex, which quite frankly isn’t doing too well. Bitfinex showcased the smallest growth in 2019 compared to other popular cryptocurrency exchanges. The lawsuits against the corporation don’t seem like it would be resolved anytime soon or even be dropped. Under such conditions, Bitfinex will see resistance from the cryptocurrency community.

3.0

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Bitfinex has announced a couple of future projects with the intention of enhancing the performance of its platform in order to attract users. Through their official website, Bitfinex announced a platform upgrade that will add new features and improvements to the platform. In September 2019, Bitfinex also unveiled Bitfinex Token Sales, which replaced their previous platform known as Tokinex.

4.7

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The potential of LEO token (LEO) could be huge if the Bitfinex exchange would overcome the many obstacles that plague them, which doesn’t seem likely to happen soon.

4.7

Business

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There are many substitutes that could replace LEO token. Many utility coins offer much better incentives compared to what LEO Token (LEO) offers. The most famous of all perhaps is Binance’s BNB coin. Huobi token and OKEx are also widely used utility coins.

3.0

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LEO token (LEO) has a good advantage in the market as it might be able to cash the partnerships of its parent company iFinex. More users on the platform mean that there is the possibility that more LEO tokens will be traded. Recently, Bitfinex has announced a partnership with Market Synergy which will provide robust performance connectivity and security for the Bitfinex platform.

3.7

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Bitfinex, and hence the LEO token, has a large and well-connected community. Bitfinex’s official website has a blog that is reviewed and discussed by many users frequently. However, recently, The Bitfinex platform has been facing serious criticism mostly because of the many shortcomings and conspiracies; thus, it has begun to lose its integrity and more importantly, users’ loyalty.

2.8

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The team behind the LEO token (LEO) is mainly the development team appointed by the iFinex Corporation. They are experts of blockchain technology hailing from different countries.

4.4

compare_arrows LEO Token Exchanges

LEO Token Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Bitfinex LEO/USD $ 0.907990 $ 156,260 check
# 2 Bitfinex LEO/USDT $ 0.906738 $ 20,708 check
# 3 Bitfinex LEO/BTC $ 0.897802 $ 1,550 check
# 4 Bitfinex LEO/EOS $ 2.891397 $ 224 check
# 5 Bitfinex LEO/ETH $ 0.900797 $ 88 check
# 6 ZB.COM LEO/USDT $ 0.902395 $ 20 clear

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