Review on UNUS SED LEO by Fanuel PORPORTY
UNITED SED LEO, A REAL UTILITY TOKEN
UNIS SED LEO is a utility token designed to extend the capacities of users of IFNEX services (Bitfinex, ethfinex, eosfinex). IFNEX is the parent company of Bitfinex. The total token issue is 1 billion token with a ratio of 1 LEO = 1USDT. It is possible to acquire them with USDT, USD as well as other cryptocryptom
WHAT IS LEO GOAL FOR?
IFINEX has a budget deficit of $ 850 million. Therefore, each month 27% of the profit is used to buy tokens in order to bridge the gap left by budget deficit.
Pros
- Very attractive buy back and burn mechanism, which will likely drive the price up.
- Reducing commissions on Bitfinex : All fees are reduced by 15% for LEO holders
- Monthly reduction on Bitfinex: Token holders get 0.05% discount for every 10,000 USD tokens entered on the balance sheet for the previous month. The reduction limit is 5%
- Discount on withdrawals and restocking : Holders of more than 50 million units benefit from a discount of up to 50% on withdrawals and deposits
Cons
- Huge capital raise, which gave LEO a very high valuation right from the beginning.
