LEO Token

What is LEO Token?

iFinex, privately-held financial technology company based in the British Virgin Islands, operates virtual currency trading platforms known as Bitfinex and offers a range of cryptocurrency and cryptoasset-related products and services. The company is introducing a new utility token, LEO, designed specifically for use on Bitfinex and other iFinex trading platforms. LEO is tailored with the iFinex and broader crypto community in mind, offering a significant opportunity for existing iFinex users and those interested in utilizing iFinex’s platforms and services. A dedicated subsidiary of iFinex plans to initiate the sale of up to USDt 1 billion worth of LEO tokens.

---

Recent Video Interview

Main points of the interview:

• Hack Recovery: Detailed steps taken post-hack to resume operations and enhance security.
• Tether Creation: Discussed the rationale and technological innovations behind Tether.
• LEO's purpose in the ecosystem.
• Future Focus: Mentioned ongoing improvements and future projects at Bitfinex and Tether.

---

About iFinex

Establishing operations in 2012 under the Bitfinex brand, iFinex has evolved into one of the cryptocurrency industry's longest-standing exchanges, earning recognition for innovation and progress. With a community comprising passionate entrepreneurs, idealists, and technologists, iFinex has contributed to the industry's growth story. Guided by a commitment to innovation, the company is known for pioneering products aligned with the original Bitcoin WhitePaper's principles.

Emphasizing open collaboration, iFinex actively engages in education and open-source development in the cryptocurrency space. While acknowledging the long-term goal of displacing fiat currencies, iFinex underscores the current importance of fiat currency cash flow to drive cryptocurrency adoption. Advocating for independent fiat gateways, such as Bitfinex, the company values the support of its customers and community in advancing its approach and ethos amid industry challenges.

Tokenomics and Benefits of LEO

In the context of LEO Tokenomics, iFinex and its affiliates plan monthly buybacks of LEO tokens from the market, equivalent to a minimum of 27% of iFinex's consolidated gross revenues from the preceding month. This process will continue perpetually until no tokens remain in commercial circulation. The buybacks will occur at prevailing market rates, and LEO tokens utilized for fee payments may also be burned.

LEO is envisioned as the utility token central to the iFinex ecosystem, offering holders various benefits across the portfolio and anticipating advantages from future projects and services. Initial benefits for LEO token holders include reductions in Bitfinex taker fees, Bitfinex lending fees, and discounts on Bitfinex crypto and fiat withdrawals and deposits. Additional forthcoming benefits encompass reduced fees on Bitfinex derivatives and similar discounts on other iFinex trading platforms, products, and services, including eosfinex. These reductions and features are subject to changes at Bitfinex's discretion due to alterations in fee schedules or other considerations.

LEO Token Team Background

The team behind LEO is also behind Bitfinex, whose senior management team brings together decades of experience in technology, financial services and compliance.

JL, Bitfinex's CEO since 2013, prioritizes technology and compliance, collaborating with stakeholders for cryptocurrency innovation. Giancarlo, CFO since 2012, focuses on banking relationships and operational development. Claudia, COO since 2015, guides strategic business goals with expertise in blockchain and fintech. Paolo, CTO since 2015, manages crucial backend components, contributing to Bitfinex's financial innovation for over 15 years. Together, this leadership team drives Bitfinex's growth in the cryptocurrency industry.