LEO Token

About LEO Token

Leo Token works as the main utility token in the iFinex ecosystem, which includes Bitfinex. If you trade on Bitfinex and use LEO, you pay lower fees. You can also unlock extra features on the platform when you use LEO tokens. But LEO isn’t designed to be a payment token. You don’t use it to buy things like you would with Bitcoin or Ethereum. Instead, it’s a utility and loyalty token. Just holding LEO gives you more perks when you use Bitfinex. For example, traders and lenders who hold LEO see reduced fees compared to folks who don’t. So, if you’re a Bitfinex user, LEO is pretty handy. It helps you cut down on costs. There’s something else worth noting: LEO runs on both Ethereum and EOS, and every month, iFinex takes some of its revenue to buy back and destroy LEO. That means the total supply keeps shrinking, which can make the token more valuable over time.