LEO Token (LEO)

Payment token for Bitfinex exchange

#12

Marketcap Ranking

1.023870 (-1.65%) arrow_drop_down

Market Price (24h change)

1,023,869,909

Total Market Cap

2.6

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

4.5

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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 Working product

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 7,721 Subscribers
directions_run 16 Active Users
create 1 Daily Posts
speaker_notes 4 Daily Comments
linkOpen Subreddit

You can view and join @bfxtelegram right away.

view_list We switched to @bitfinex Channel
person 954 Members
directions_run 10 Online
linkOpen in Telegram

Official Twitter account for LEO Token

view_list @bitfinex Channel
person 515,774 Followers
04.07.2020
13:46
(s)Take a Bitfinex T-shirt! You have time until Monday, April 13 2020, to enter the official Bitfinex contest and get the chance to get the coolest Bitfinex T-shirt. Visit https://t.co/Fg46f6SyGu and discover how to get your t-shirt! https://t.co/6VZ1k2SY8Q 42 favorite
04.07.2020
09:12
Start earning a staking reward on Bitfinex! From today you can earn a staking reward as high as 10% per year by simply holding your digital tokens on Bitfinex. Discover all the details on ⬇️ https://t.co/4Q3ZKPoch0 https://t.co/7I1r9tsCBG 138 favorite
04.02.2020
16:19
Bitfinex’s Lightning Network node has now a higher capacity! ⚡️ With this update, you can now send larger amounts of BTC almost instantly. Read more and find out how you can open a channel to our new node!⬇️ https://t.co/XfVSUwWH2M 150 favorite
04.01.2020
07:09
Bitcoin never sleeps so why should you? Introducing The Bitfinex energy drink, coming soon! 😎 https://t.co/srec6JQXlh 974 favorite
03.31.2020
15:11
Join our newsletter and stay ahead of the game ⬇️ https://t.co/Ev4iJqTgvX 19 favorite
03.30.2020
15:37
Download the Bitfinex mobile app and enjoy a complete trading experience on your handheld device. With the latest update, you can view, modify or cancel your existing orders directly in the charts! ➡️Visit https://t.co/sjmLEMDWCE to find out all the details about the new release. 37 favorite
03.30.2020
08:50
The 11/03 BitTorrent airdrop has been successfully completed and users have now received $BTT according to their $TRX holdings as of block height #17874415. For more information, please visit ⬇️ https://t.co/51cxnetRHn 37 favorite
03.28.2020
15:48
Want to learn more about financial products and services in the cryptocurrency ecosystem? Get a deeper understanding of crypto derivatives with our latest article ⬇️ https://t.co/grSEJBwu9Y 62 favorite
03.26.2020
11:17
Bitfinex users now have a wider choice of cryptocurrencies with a credit or debit card 💳 Selecting @ownrwallet as the payment processor, verified users can now purchase Tron and Tezos in addition to Tether Gold, Bitcoin, Ethereum and Tether. Read more ⬇️ https://t.co/v2RaRKrNat 40 favorite
03.25.2020
16:16
A new "Limit (Order Book)" order type, an updated TradingView and an improved user experience in the latest Bitfinex platform update! We always strive to take your trading experience to the next level. Find out more at ⬇️ https://t.co/kJ71dsQFw1 41 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

4.7

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LEO Token Price Prediction

$ 1.037491 (1.43%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 1.068166 (4.43%) 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 Leader

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).

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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 $ 1.025400 $ 865,744 check
# 2 Bitfinex LEO/USDT $ 1.019237 $ 180,976 check
# 3 Bitfinex LEO/BTC $ 1.007177 $ 7,105 check
# 4 Bitfinex LEO/ETH $ 1.015788 $ 5,551 check
# 5 Bitfinex LEO/EOS $ 1.040384 $ 451 check
# 6 ZB.COM LEO/USDT $ 0.999352 $ 1 clear

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