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UNUS SED LEO

UNUS SED LEO priceLEO

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UNUS SED LEO price calculator

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LEO
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USD
1 LEO = 4.37 USD
Last updated 2024-02-27 23:26:45(UTC-0)

UNUS SED LEO price live data summary

The live price of UNUS SED LEO is $4.37 per (LEO / USD) today with a current market cap of $4.05B USD. The 24-hour trading volume is $4.87M USD. LEO to USD price is updated in real time. UNUS SED LEO is +0.73% in the last 24 hours. It has a circulating supply of 927,321,150 .

What is the highest price of LEO?

LEO has an all-time high (ATH) of $8.04, recorded on 2022-02-08.

What is the lowest price of LEO?

LEO has an all-time low (ATL) of $0.8036, recorded on 2019-12-25.

UNUS SED LEO price performance in USD

24h7d30d90d1yAll-time
+0.73%+2.37%+8.27%+9.63%+31.46%+315.41%

UNUS SED LEO price history in USD

TimeLowHigh
24h$4.3$4.38
7d$4.07$4.38
30d$3.77$4.38
90d$3.62$4.38
1y$3.31$4.38
All-time$0.8036(2019-12-25, 4 years ago )$8.04(2022-02-08, 2 years ago )

UNUS SED LEO market information

Market capCombinedShapeIcon
$4,053,710,723.3
+0.73%
Fully diluted market capCombinedShapeIcon
$4,306,896,173.63
+0.73%
Volume (24h)CombinedShapeIcon
$4,867,796.69
+302.97%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+94.00%
24h volume / market capCombinedShapeIcon
0.0012
Circulating supplyCombinedShapeIcon
927,321,150 LEO
Total supply / Max supplyCombinedShapeIcon
985,239,504 LEO
-- LEO
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UNUS SED LEO ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

UNUS SED LEO Social Data

In the last 24 hours, the social media sentiment score for UNUS SED LEO was 3, and the social media sentiment towards UNUS SED LEO price trend was Bullish. The overall UNUS SED LEO social media score was 0, which ranks 1244 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,564,152 times, with UNUS SED LEO being mentioned with a frequency ratio of 0%, ranking 1244 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing UNUS SED LEO, with a total of UNUS SED LEO mentions of 3. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 40%.

On Twitter, there were a total of 0 tweets mentioning UNUS SED LEO in the last 24 hours. Among them, 0% are bullish on UNUS SED LEO, 0% are bearish on UNUS SED LEO, and 100% are neutral on UNUS SED LEO.

On Reddit, there were 0 posts mentioning UNUS SED LEO in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning UNUS SED LEO. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
3
Social score(24h)
0(#1244)
Social contributors(24h)
0
0%
Social mentions(24h)
3(#1244)
-40%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About UNUS SED LEO(LEO)

What Is UNUS SED LEO?

UNUS SED LEO (LEO) is an ERC-20 token that was introduced in May 2019 by iFinex Inc., the parent company of cryptocurrency exchange Bitfinex and stablecoin issuer Tether. The name UNUS SED LEO itself holds historical and philosophical significance. It is from the Latin language, where "Unus" means "One" and "Leo" translates to "Lion." The phrase, "Unus Sed Leo," is attributed to the medieval theologian Peter Damian and is often interpreted as "The Lion is One." This phrase has been adopted as the official motto of Bitfinex, reflecting the token's connection to the exchange.

UNUS SED LEO was created to provide a utility token for the users of Bitfinex and its associated platforms. Bitfinex is one of the most famous cryptocurrency exchanges globally, and the introduction of UNUS SED LEO aimed to further enhance the user experience and create a thriving ecosystem within the platform.

Resources

Whitepaper: https://www.bitfinex.com/wp-2019-05.pdf

Official website: https://leo.bitfinex.com/

How does UNUS SED LEO work?

At its core, UNUS SED LEO operates as a utility token within the Bitfinex ecosystem:

- Reduced Trading Fees: One of the primary benefits of holding UNUS SED LEO tokens is the opportunity to enjoy reduced trading fees on the Bitfinex exchange. Traders who use LEO to pay for their trading fees can access discounted rates, incentivizing them to use and hold the token for their trading activities.

- Liquidity and Trading Pairs: UNUS SED LEO enhances liquidity on the Bitfinex platform. The token is often used as a base currency for various trading pairs, providing additional trading options and flexibility for users. This contributes to a more vibrant and dynamic trading environment within the exchange.

- Token Burn Mechanism: Bitfinex commits to regularly using a portion of its revenue to buy back UNUS SED LEO tokens from the market. These repurchased tokens are then "burned," meaning they are permanently removed from circulation. The token burn mechanism reduces the overall supply of LEO tokens, creating a deflationary aspect that can positively impact its value over time.

- Transparency and Backing: UNUS SED LEO was introduced in the wake of concerns surrounding Tether's backing, and as a result, Bitfinex took measures to ensure transparency. The token is explicitly backed by the reserves of Bitfinex and Tether, providing investors with a level of reassurance about its value and stability.

- Community Engagement: The success of UNUS SED LEO relies heavily on its community engagement. Bitfinex actively encourages discussions, feedback, and suggestions from its users, ensuring that the token's utility aligns with the needs and preferences of the community. This approach has led to a dedicated and vibrant user base supporting the project.

- Diversified Use Cases: Beyond its utility on Bitfinex, there is potential for UNUS SED LEO to expand its use cases in the future. As the cryptocurrency space evolves, new opportunities may arise to integrate the token into other platforms, services, or DeFi (decentralized finance) projects, further enhancing its value and relevance.

What Determines UNUS SED LEO's Price

Understanding the factors that influence the UNUS SED LEO price today is crucial for both investors and traders in the cryptocurrency market. One of the primary determinants of the UNUS SED LEO token price is its utility within the iFinex ecosystem, which includes the Bitfinex trading platform. The token offers various benefits such as reduced trading fees, lending fee reductions, and discounts on withdrawals and deposits. These utilities create a demand for the token, affecting its current price.

Additionally, the UNUS SED LEO price is influenced by the buyback and burn mechanism implemented by iFinex. A portion of the company's net profit is used to buy back LEO tokens from the market and burn them, effectively reducing the supply and potentially increasing the token's value. This mechanism is transparent and verifiable in real-time, adding a layer of trust and predictability to the UNUS SED LEO price forecast.

Another significant factor that impacts the UNUS SED LEO coin price is its dual blockchain compatibility, existing on both Ethereum and EOS blockchains. This feature not only increases the token's flexibility but also attracts a broader range of investors, affecting its market cap and trading volume.

When conducting a UNUS SED LEO price analysis, it's essential to also consider the token's role in Bitfinex's financial strategies. For instance, the token was initially launched to bolster confidence in Bitfinex when the company faced legal and financial challenges. Therefore, the UNUS SED LEO price history can be sensitive to the company's financial health and market sentiment.

Market trends, trading volume, and external market conditions also play a role in determining the UNUS SED LEO crypto price. Given its utility and the financial mechanisms supporting it, many investors consider UNUS SED LEO as a potentially stable investment with a positive ROI (Return on Investment). However, like any other cryptocurrency, it's essential to keep an eye on the UNUS SED LEO to USD price and conduct a thorough price analysis before making investment decisions.

Conclusion

In conclusion, UNUS SED LEO is a utility token that serves as the backbone of Bitfinex's ecosystem, offering various benefits to its users, including reduced trading fees, enhanced liquidity, and transparency. As the platform continues to grow and innovate, the utility and demand for UNUS SED LEO may increase, cementing its position as a revolutionary crypto token within the cryptocurrency landscape.

It's important to note that like any other cryptocurrencies, UNUS SED LEO carries its own risks and it's always wise to do your own research and exercise caution while investing.

Trade LEO perpetual futures

After having successfully signed up on Bitget and purchased USDT or LEO tokens, you can start trading derivatives, including LEO futures and margin trading to increase your income.

The current price of LEO is $4.37, with a 24h price change of +0.73%. Traders can profit by either going long or short onLEO futures.

Join LEO copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or LEO tokens, you can also start copy trading by following elite traders.

UNUS SED LEO news

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People are also inquiring about the price of UNUS SED LEO.

What is the current price of UNUS SED LEO?

We update our UNUS SED LEO to USD price in real time. Get the live Price of UNUS SED LEO on Bitget.

What is the 24 hour trading volume of UNUS SED LEO?

Over the last 24 hours, the trading volume of UNUS SED LEO is $4.87M.

What is the all-time high of UNUS SED LEO?

The all-time high of UNUS SED LEO is $8.04. This all-time high is highest price for UNUS SED LEO since it was launched.

Can I buy UNUS SED LEO on Bitget?

Yes, UNUS SED LEO is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in UNUS SED LEO?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy UNUS SED LEO with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What does "UNUS SED LEO" mean?

"Unus Sed Leo" is a Latin phrase that translates to "One, But a Lion." It's derived from Aesop’s fables and was chosen to represent the strength and leadership the Bitfinex team hoped to convey, especially in the face of challenges they were dealing with.

Why was UNUS SED LEO (LEO) created?

The token was introduced after Bitfinex faced challenges accessing $850 million in funds held by a payment processor. Through a private sale of UNUS SED LEO in 2019, Bitfinex successfully raised $1 billion to address its liquidity concerns.

How does the token burn mechanism work for UNUS SED LEO (LEO)?

Bitfinex has implemented a mechanism whereby a portion of its monthly revenues is used to purchase LEO tokens from the open market and then "burn" or permanently remove them from circulation. This decreases the overall supply over time, potentially increasing the token's scarcity and value.

What benefits do UNUS SED LEO (LEO) token holders receive on the Bitfinex platform?

The primary benefit for LEO holders is a discount on trading fees on the Bitfinex platform. Additionally, Bitfinex has promised increased transparency regarding its operations and finances for LEO token holders.

Is there a maximum supply of UNUS SED LEO (LEO)?What factors can influence the value of UNUS SED LEO (LEO)?

The initial maximum supply of UNUS SED LEO was 1 billion tokens. This amount was minted for the private sale conducted by Bitfinex in 2019 to address its liquidity challenges. Over time, Bitfinex has been using a portion of its profits to buy back and "burn" or permanently remove UNUS SED LEO tokens from circulation, thereby reducing the total available supply. The token burn mechanism and the amount of tokens burned can typically be tracked and verified on the blockchain. As of September 2023, the total supply of LEO is 985,239,504.

What factors can influence the price of UNUS SED LEO (LEO)?

The price of UNUS SED LEO can be influenced by a variety of elements. Key among them are Bitfinex's operational stability, the clarity and impact of its token burn procedure, overall market sentiment, regulatory developments, and trends within the wider cryptocurrency sector.
Cryptocurrency investments, including buying UNUS SED LEO online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy UNUS SED LEO, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your UNUS SED LEO purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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