How does the LEO Token work?
The LEO Token is a cryptocurrency project created by iFinex, the parent company of Bitfinex.
It is an ERC-20 token built on the Ethereum blockchain and is used to facilitate transactions on the Bitfinex platform. The LEO Token has a total supply of 1 billion tokens, with 100 million tokens held by iFinex and 900 million tokens available for purchase by users. The primary purpose of the LEO Token is to provide liquidity to Bitfinex users.
When users deposit funds into their accounts, they can use the LEO Token to purchase other cryptocurrencies or withdraw their funds in fiat currency. This helps to ensure that there is always enough liquidity in the market for users to make trades without having to wait for long periods of time. In addition, the LEO Token also provides users with access to exclusive features on Bitfinex such as discounted trading fees and access to new products and services.
By holding a certain amount of LEO Tokens, users can receive discounts on trading fees which can help them save money when trading on the platform. Furthermore, holding a certain amount of LEO Tokens also gives users access to new products and services that are not available to non-holders. Finally, the LEO Token also serves as a way for iFinex to reward its loyal customers and incentivize them to continue using its services.
By holding a certain amount of LEO Tokens, users can receive rewards such as discounts on trading fees or access to exclusive products and services that are not available elsewhere. This helps iFinex retain its customers and encourages them to continue using its services in the future.
