Review on UNUS SED LEO by francis fernandez
UNUS SED LEO: integrating blockchain for global solutions
UNUS SED LEO is a token developed by the Bitfinex exchange with the purpose of making the products and services offered by iFinex available to all users.
The UNUS SED LEO token went on the market in May 2019 hosted on the Ethereum and EOS blockchain. This crypto asset helped offset Bitfinex's budget deficit by raising billions of dollars thanks to its ICO.
Thanks to the flexibility that these two blockchains (Ethereum and EOS) give it, the UNUS SED LEO token allows its holders to enjoy some important benefits in its use:
* They are used to pay commissions in Bitfinex with a saving of 15%.
* They guarantee a maximum discount of 5% per month on Bitfinex for keeping funds on your balance.
* They guarantee a maximum discount of 25% on withdrawals and deposits in digital and fiat currencies, to users with more than 50 million on the Bitfinex exchange.
* Its users have the support and benefits of the protocols of the two blockchains (Ethereum and EOS) where the UNUS SED LEO token is hosted.
* It is an ideal token to carry out exchanges due to the compatibility with the Ethereum and EOS platforms and its iFine ecosystem.
* UNUS SED LEO token holders enjoy a 15% discount when trading digital currencies and even stablecoins.
Undoubtedly, the UNUS SED LEO token, in addition to being a regulatory mechanism of the Bitfinex platform, is a cryptoactive that thanks to its double protocol achieves compatibility in the exchange network and guarantees the interoperability of several blockchains to offer multiple benefits to its holders such as reductions in Bitfinex borrowing and borrower fees and discounts on Bitfinex withdrawals in cryptocurrency and FIAT money.
Pros
- It allows its users to take advantage of two popular platforms like Ethereum and EOS.
- It is an interoperable platform; since it has the support of two blockchains where the UNUS SED LEO token is housed
- Token holders have discounts on transactions, commissions and trading operations.
Cons
- Users are concerned about the monthly scheduled burning of the UNUS SED LEO token by iFinex as part of its policy of reducing the circulating quantity in order to contribute to the increase of its value in the future.
