Be it Bitfinex or Ethfinex, LEO is a utility token which can be used in all iFinex platforms. The name “LEO” is derived from iFinex’s company motto, “Unus Sed Leo,” a Latin phrase that tells a story in which a sow berates a lion for having only one child. In response, the lion agrees but proudly states that the one child is a lion, emphasizing the importance of quality over quantity.
The journey of LEO began with its initial exchange offering (IEO) in May (private sale) and June (public sale) of the current year. During this offering, the company successfully sold one billion LEO tokens at the price of one USDT each. Since then, LEO has rapidly climbed the market cap rankings and currently holds the 21st position at the time of writing
Let’s understand more about the future potential and tokenomics of LEO through this article.
UNUS SED (LEO) Details
| Token | LEO |
| Price (as of 5th October 2023) | $3.77 |
| Circulating Supply | 929,130,934 LEO |
| Total Supply | 985,239,504 LEO |
| Max. Supply | — |
| Fully diluted market cap | $3,716,157,275 |
| Website | Click here |
| Whitepaper | Click here |
| ATH | $8.04 |
| ATL | $0.8036 |
Tokenomics of LEO Crypto: Supply, Distribution, and Utility
Leo Crypto (LEO) serves as a utility token tailored for utilization across various iFinex platforms, which include Bitfinex and Ethfinex. The name “Leo” finds its origin in the company motto of iFinex, “Unus Sed Leo,” which narrates a story where a sow criticizes a lion for having only one child. The lion, in response, proudly asserts that the one child is a lion, underlining the essence of quality over quantity.
Token Supply
– LEO boasts a total supply of **985,239,504** tokens, with **929,152,753** tokens actively in circulation.
Initial Exchange Offering (IEO)
– LEO successfully conducted an initial exchange offering (IEO) during May (private sale) and June (public sale) of the current year, where it offered one billion tokens at the price of one USDT each.
Monthly Burns
– In pursuit of enhancing token scarcity and value, iFinex commits to monthly token burns, amounting to at least 27 percent of the consolidated gross revenue from the preceding month. This strategy is aimed at continuing until no LEO tokens are left in commercial circulation. Notably, iFinex has already executed substantial token burns in recent times.
Utility for Users
– LEO holders stand to benefit significantly with a range of discounts when engaging in trading activities on iFinex platforms, including:
– A 15% taker fee discount on trades.
– An additional 10% discount on taker fees for LEO balances surpassing $5,000.
– The magnitude of discounts scales with the quantity of LEO tokens secured, offering users progressively increasing advantages.
– iFinex also collects 25% of the trading fee in LEO for token holders.
– Moreover, there are additional discounts, such as up to a 25% reduction in crypto deposits and withdrawals, up to a 5% discount for peer-to-peer finance lending, and potential future discounts on forthcoming iFinex platforms.
Unlocking the Benefits of LEO Token
The LEO Token is designed to enhance the appeal of the platform it operates on by introducing a wide array of anticipated advantages for its users. These advantages encompass:
- Lowering taker and lending fees across various trading platforms, products, and services provided by iFinex.
- Lenders who participate in financing will enjoy fee reductions, with discounts reaching 0.05% for each 10,000 USDt worth of LEO tokens present in their accounts.
- Traders holding LEO tokens will have the opportunity to have up to 25% of their trading fees initially deducted in LEO, provided that they maintain a balance of these tokens.
LEO Price Prediction 2023
| When | Maximum Price | Minimum Price |
| October 2023 | $4.719 | $3.933 |
| November 2023 | $3.870 | $3.225 |
| December 2023 | $3.096 | $2.580 |
In October 2023, Leo crypto saw a peak price of $4.719 and a low of $3.933, representing a price fluctuation of approximately 16.71%. In November and December 2023, Leo’s value fluctuated by about 16.73% and 16.59%, respectively, with highs of $3.870 and $3.096, and lows of $3.225 and $2.580.
LEO Price Prediction 2024
| When | Maximum Price | Minimum Price |
| January 2024 | $2.941 | $2.451 |
| February 2024 | $3.304 | $2.754 |
| March 2024 | $2.809 | $2.341 |
| April 2024 | $2.341 | $1.950 |
| May 2024 | $2.128 | $1.773 |
| June 2024 | $2.553 | $2.128 |
| July 2024 | $3.064 | $2.553 |
| August 2024 | $3.432 | $2.860 |
| September 2024 | $3.844 | $3.203 |
| October 2024 | $4.420 | $3.683 |
| November 2024 | $5.525 | $4.604 |
| December 2024 | $6.630 | $5.525 |
From January to December 2024, Leo crypto witnessed a progressive increase in its value, starting at a minimum of $2.451 and reaching a maximum of $6.630. This upward trend marked a substantial percentage growth of approximately 170.68% over the course of the year.
LEO Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $7.293 | $5.882 |
| February 2025 | $7.677 | $5.484 |
| March 2025 | $9.596 | $7.739 |
| April 2025 | $11.424 | $8.160 |
| May 2025 | $12.417 | $10.014 |
| June 2025 | $14.901 | $10.644 |
| July 2025 | $14.609 | $11.781 |
| August 2025 | $17.531 | $12.522 |
| September 2025 | $21.913 | $17.672 |
| October 2025 | $27.391 | $19.565 |
| November 2025 | $34.239 | $27.612 |
| December 2025 | $39.375 | $28.125 |
Throughout 2025, Leo cryptocurrency experienced remarkable growth, with its price surging from a minimum of $5.882 in January to a maximum of $39.375 in December. This substantial increase signifies an impressive percentage gain of approximately 570.08% over the year.
LEO Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $47.250 | $38.105 |
| February 2026 | $37.800 | $27.000 |
| March 2026 | $29.077 | $23.449 |
| April 2026 | $21.808 | $15.577 |
| May 2026 | $16.138 | $13.014 |
| June 2026 | $12.414 | $8.867 |
| July 2026 | $9.931 | $8.009 |
| August 2026 | $7.698 | $5.499 |
| September 2026 | $9.623 | $7.760 |
| October 2026 | $12.029 | $8.592 |
| November 2026 | $13.232 | $10.671 |
| December 2026 | $14.819 | $10.585 |
In 2026, Leo cryptocurrency’s price exhibited considerable fluctuations, ranging from a high of $47.250 in January to a low of $5.499 in August. This volatile year saw a percentage change of approximately -88.37% from its peak to its lowest point.
LEO Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $17.783 | $14.341 |
| February 2027 | $14.227 | $10.162 |
| March 2027 | $10.944 | $8.825 |
| April 2027 | $9.302 | $6.644 |
| May 2027 | $7.814 | $6.301 |
| June 2027 | $6.011 | $4.293 |
| July 2027 | $4.808 | $3.878 |
| August 2027 | $3.727 | $2.662 |
| September 2027 | $4.659 | $3.758 |
| October 2027 | $5.824 | $4.160 |
| November 2027 | $6.407 | $5.167 |
| December 2027 | $7.175 | $5.125 |
Throughout 2027, Leo cryptocurrency displayed a range of values, reaching a high of $17.783 in January and a low of $2.662 in August. This year witnessed a percentage shift of approximately -85.08% from its peak to its lowest point.
LEO Price Prediction 2028-2030
| When | Maximum Price | Minimum Price |
| January 2028 | $8.610 | $6.944 |
| February 2028 | $6.888 | $4.920 |
| March 2028 | $6.262 | $5.050 |
| April 2028 | $5.323 | $3.802 |
| May 2028 | $4.471 | $3.606 |
| June 2028 | $4.065 | $2.903 |
| July 2028 | $5.081 | $4.097 |
| August 2028 | $6.554 | $4.682 |
| September 2028 | $8.193 | $6.607 |
| October 2028 | $10.241 | $7.315 |
| November 2028 | $11.265 | $9.085 |
| December 2028 | $12.617 | $9.012 |
| January 2029 | $8.705 | $7.020 |
| February 2029 | $10.241 | $7.315 |
| March 2029 | $12.801 | $10.324 |
| April 2029 | $15.240 | $10.886 |
| May 2029 | $16.565 | $13.359 |
| June 2029 | $19.878 | $14.199 |
| July 2029 | $18.931 | $15.267 |
| August 2029 | $15.776 | $11.269 |
| September 2029 | $19.720 | $15.903 |
| October 2029 | $24.650 | $17.607 |
| November 2029 | $27.115 | $21.867 |
| December 2029 | $30.369 | $21.692 |
| January 2030 | $29.580 | $23.855 |
| February 2030 | $35.496 | $25.355 |
| March 2030 | $33.806 | $27.263 |
| April 2030 | $28.172 | $20.123 |
| May 2030 | $35.215 | $28.399 |
| June 2030 | $44.018 | $31.442 |
| July 2030 | $48.420 | $39.049 |
| August 2030 | $54.231 | $38.736 |
| September 2030 | $52.822 | $42.598 |
| October 2030 | $63.386 | $45.276 |
| November 2030 | $60.368 | $48.684 |
| December 2030 | $50.307 | $35.933 |
From January 2028 to December 2030, the price of Leo cryptocurrency experienced significant fluctuations, ranging from a low of $2.662 in August 2027 to a high of $63.386 in October 2030. During this period, Leo’s value surged by approximately 2,277.79%, reflecting substantial growth and volatility in the cryptocurrency market. These price movements highlight the dynamic nature of Leo’s performance and its potential for both investors and traders.
LEO Price Prediction in INR
|
Year WISE (in INR)
|
Maximum Price | Minimum Price |
| 2023 | ₹540.910 | ₹214.117 |
| 2024 | ₹556.928 | ₹148.947 |
| 2025 | ₹3,346.888 | ₹466.101 |
| 2026 | ₹4,063.516 | ₹472.901 |
| 2027 | ₹1,547.146 | ₹231.635 |
| 2028 | ₹1,110.303 | ₹255.495 |
| 2029 | ₹2,702.854 | ₹624.792 |
| 2030 | ₹5,768.167 | ₹1,831.164 |
Over the years, Leo cryptocurrency’s price in INR displayed varying trends. It started in 2023 with a range of ₹214.117 (minimum) to ₹540.910 (maximum), gradually reaching ₹5,768.167 (maximum) and ₹1,831.164 (minimum) in 2030. This period witnessed significant price fluctuations, with the value surging by approximately 966.97% from its lowest point in 2024 to its highest in 2030, underlining the volatility and potential investment opportunities in the Leo market.
FAQS about LEO
1. How can I acquire Leo tokens?
You can obtain Leo tokens through cryptocurrency exchanges, with Bitfinex being a primary platform for trading Leo against other cryptocurrencies like Bitcoin and Ethereum. Additionally, Leo tokens may be earned through various Bitfinex programs and promotions.
2.How does Leo’s governance model function?
Leo token holders can actively participate in decision-making processes via a governance system. They have the ability to propose and vote on changes or enhancements to the Bitfinex platform, often depending on the quantity of Leo tokens they hold.
3. What is the regulatory status of Leo cryptocurrency?
Leo, like other cryptocurrencies, may be subject to regulatory changes and scrutiny, depending on your geographical location. It is imperative to stay informed about pertinent regulations and ensure compliance with local laws when dealing with Leo tokens.
4. Does Leo have utility beyond trading on Bitfinex?
Indeed, Leo tokens can be employed for various purposes beyond trading. They may be integrated into third-party projects and partnerships, potentially serving as a means of payment, collateral for lending, or for other blockchain-based services.
5. What is the historical price performance of Leo?
Leo’s price has exhibited significant fluctuations over time. To access the most up-to-date historical price data and trends, it is advisable to refer to a reliable cryptocurrency market data source.
6. What security measures should I consider when using Leo tokens?
Security is paramount in cryptocurrency transactions. Employ secure wallets, enable two-factor authentication, and remain vigilant against phishing attempts. Utilizing a reputable hardware wallet can provide an extra layer of security for your Leo tokens.
7. Can Leo tokens be used for investment purposes?
Leo tokens, like other cryptocurrencies, can be utilized for investment purposes. However, prudent investors should conduct comprehensive research, assess their risk tolerance, and be mindful of the inherent volatility in the cryptocurrency market.
8.Where can I access the latest news and updates regarding Leo cryptocurrency?
You can stay informed about Leo cryptocurrency news through well-established cryptocurrency news websites, official Bitfinex announcements, and Leo’s official social media channels. Verifying information from multiple reliable sources is advisable when making decisions based on news and updates.
Conclusion
In brief, Leo (LEO) exhibits potential as a utility token within the iFinex ecosystem, offering discounts and token burns to enhance its attractiveness. Short-term forecasts indicate modest growth, while the long-term outlook appears more optimistic but entails volatility. Influential factors include its utility, market conditions, token burns, governance, and collaborations. Caution is advised for investors, considering the inherent volatility of the cryptocurrency market and conducting thorough research. LEO presents opportunities and risks, so diversification and informed decisions aligned with your financial objectives and risk tolerance are crucial.
