The utility token of the Bitfinex ecosystem.
**LEO Token (LEO)** is a utility token created by **iFinex Inc.**, the parent company of Bitfinex and other related platforms.
It provides users with multiple benefits across the iFinex ecosystem, including trading fee discounts and priority access to services.
The token was launched in 2019 following a private sale to help recover funds temporarily seized from iFinex, and it has since become central to Bitfinex's loyalty and utility model.
Below is live market data fetched directly from the CoinGecko API.
LEO Token (LEO) Live Data
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Project Overview
LEO Token serves as the native utility token for **Bitfinex**, one of the world's oldest cryptocurrency exchanges. Holders enjoy trading fee reductions, faster withdrawals, and additional rewards on affiliated services.
The token exists on both **Ethereum (ERC-20)** and **EOS** blockchains, ensuring flexibility and interoperability.
iFinex uses a buyback-and-burn mechanism funded by company revenues to gradually reduce the circulating supply of LEO over time.
Key Insights
LEO's deflationary model and consistent burn mechanism make it one of the more stable exchange tokens.
It incentivizes user engagement across iFinex platforms, including Bitfinex, Bitfinex Derivatives, and future products.
LEO plays a similar role in its ecosystem as BNB or KCS do for Binance and KuCoin respectively.
Common Questions About LEO Token
1. What is LEO Token?
LEO is a utility token issued by iFinex for the Bitfinex ecosystem, offering reduced fees and exclusive benefits to users.
2. What blockchain does LEO run on?
LEO exists on both Ethereum (ERC-20) and EOS blockchains for interoperability and flexibility.
3. How does the token burn work?
iFinex commits to using part of its revenues to buy back and permanently burn LEO tokens from the market.
4. What are the benefits of holding LEO?
Holders enjoy lower trading fees, lending fee reductions, and access to premium Bitfinex features.
5. Is LEO similar to Binance Coin (BNB)?
Yes, it serves a similar function as a utility token powering an exchange ecosystem, though it's managed by Bitfinex.
Market Context
LEO Token strengthens Bitfinex's business model by aligning user incentives with platform growth. Its buyback strategy and multi-chain design distinguish it from other exchange-based assets.
As Bitfinex expands its global services, LEO remains an essential part of the platform's value ecosystem.