- LEO is an exchange token launched by iFinex, the parent company of cryptocurrency exchange Bitfinex
- The token has similar features and benefits to BNB, one of the first exchange tokens in crypto
Crypto traders have been in a frenzy lately promoting the exchange token UNUS SED LEO (LEO). LEO is a token launched by iFinex, the parent company behind the controversial cryptocurrency exchange Bitfinex. The token was distributed via a private $1 billion token sale completed in May.
In this piece, we take a look at LEO’s value proposition, its burning mechanisms, and how it compares to Binance Coin (BNB), the leading exchange token by market cap.¹