What coin is Leocoin? Are Leocoins valuable?

Leo Coin: The platform currency of Bitfinex Exchange

Leo Coin (LEO) is the platform currency issued by Bitfinex Exchange on May 20, 2019 issued. Its full English name is UNUS SED LEO, which means "the only scarce lion" in Latin.

Use of Leo Coin

• Transaction fee reduction: LEO coin holders can enjoy transaction fee reduction when trading on the Bitfinex exchange. The greater the holding, the higher the reduction ratio.
• Participate in IEO: Bitfinex exchange will hold IEO regularly, and LEO currency holders can participate in the subscription first.
• Mortgage lending: LEO coins can be mortgaged and borrowed on the Bitfinex exchange.
• Repurchase and destruction: Bitfinex exchange will regularly use profits to repurchase LEO coins and destroy them to reduce circulation and increase currency prices.

The value of Leo coins

The value of Leo coins mainly depends on the following factors:

• The development of Bitfinex exchange: Bitfinex exchange is One of the world's leading cryptocurrency exchanges, with a good user base and market reputation. If the Bitfinex exchange can continue to maintain a good development momentum, the demand for LEO coins will also increase, and the currency price will also be supported.
• Repurchase and destruction mechanism: According to the repurchase plan of the Bitfinex exchange, 50% of the total amount, or 500 million LEO coins, will be destroyed by 2025. This will effectively reduce the circulation of LEO coins and increase the currency price.
• Market recognition: LEO currency is one of the platform coins with high market recognition. In CoinMarketCap’s platform currency rankings, LEO currency ranks high.

Summary

Leocoin is a platform currency issued by Bitfinex exchange and has diversified uses and values. Investors can consider whether to invest in LEO coins based on their personal circumstances.

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