LEO (LEO) price

LEO (LEO) is a utility token issued by parent company iFinex. The token is intended for use on the Bitfinex exchange and other trading platforms managed by iFinex. The token aims to strengthen the Bitfinex community and optimize the platform’s operations.

LEO is created to make the platform run on a more attractive option for its holders by introducing a whole range of planned benefits for them. As first, the LEO token will support the reduction of taker and lending fees for the use of trading platforms, products and services offered by the iFinex. Second, as LEO is the utility token found at the heart of the Bitfinex ecosystem, it is supposed to optimize the trading processes taking place in it. And proceeds from the LEO token initial exchange offering should help the organizers improve their business prospects.

In 2012, Bitfinex was founded as a peer-to-peer Bitcoin-focused exchange, making it one of the older exchange players in the blockchain industry. In May 2019, its core team, which also managed the LEO token project, numbered more than 100 professionals. In line with the company’s stated philosophy of favoring quality over quantity, the headcount of those strictly working on the development does not go above 25.