Review on UNUS SED LEO by Gabriel Medina
The currency of transparency
Among many successful attempts there are some blockchain projects that explode in a matter of a few months. This is the case with Bitfinex's cryptocurrency, UNUS SED LEO (LEO).
UNUS SED LEO (LEO) is an exchange utility token for Bitfinex companies' trading platforms and services.
LEO's primary role is to keep Bitfinex afloat. The objective of UNUS SED LEO was to obtain one billion dollars to cover the budget gap of the company.
The biggest problem Bitfinex has encountered with UNUS SED LEO, has undoubtedly been credibility due to suspicions of manipulation of Tether by its exchange. However, Bitfinex has already ensured that the redemption process is transparent.
There is no problem for storage, thanks to its status as an ERC20 token. Therefore, it is supported by multiple digital wallets that accept tokens of this type such as:
These are some benefits that those who own LEO tokens will have:
In conclusion, it is a cryptocurrency with great support and utility. In addition, it is designed in such a way that its supply tends to decrease, which should cause its price to increase in the future. Thanks to the fact that it lives in two blockchains and an exchange allows its transfer between them, it is possible that users search for this token to benefit from this feature. UNUS SED LEO, is one of the best examples that can exist of the potential that cryptocurrencies have.
Pros
- UNUS SED LEO token owners get benefits in commission savings, monthly discounts, discounts for withdrawal and replenishment of cryptocurrencies and fiat money on the Bitfinex exchange.
- Reduced exchange rates for trading, participation in exchange profits, voting rights, and is available on a large number of exchanges.
Cons
- It has had credibility problems due to suspected manipulation of Tether and loses transparency.
