What Are "Leo Coins"?

It depends on which "LEO" you're referring to. Here are the two most prominent meanings:

---

1. UNUS SED LEO (Bitfinex’s Utility Token)

Overview:

UNUS SED LEO (Latin for “One, but a lion”) is the native utility token of the Bitfinex exchange, issued by its parent company, iFinex, in May 2019 .

Token Supply & Launch:

The initial supply was 1 billion LEO tokens, with a dual issuance: 660 million on Ethereum (ERC-20) and 340 million on EOS .

Core Utilities & Benefits:

Discounted trading fees: Up to 15% off on crypto-to-crypto trades; additional discounts, up to ~25%, available for large LEO holdings .

Funding/Peer-to-peer lending fee discounts: e.g., 0.05% cut per 10,000 USDT worth of LEO, with a cap of around 5% discount for ~1M USDT equivalent holdings .

Deposit/withdrawal fee reductions: Discounts can go up to around 25% .

Affiliate program perks: Multiplier rewards depending on LEO holding tiers .

Token Burn / Deflationary Mechanics:

Bitfinex commits to using at least 27% of its gross revenue every month to repurchase and burn LEO tokens, steadily reducing supply and enhancing potential value . Tokens used to pay trading fees may also be burned .

Use Case Summary:

LEO serves as a loyalty incentive within Bitfinex’s ecosystem, rewarding active participants with fee savings and exclusive access while employing a deflationary design to support token value.

---

2. Other "LEO"-Named Tokens (e.g., Meme Tokens or New Projects)

There exist other unrelated projects named “LEO” or “Leo Token,” often with meme or DeFi themes. These are totally separate from Bitfinex’s LEO:

Examples include:

A Solana-based “LEO” meme-coin backed by trading bot revenue buybacks .

A Binance Smart Chain (BSC) “LEO TOKEN” with staking, DEX, NFTs, and liquidity farming claims .

Other BSC meme-coins with deflationary and reflection mechanics—commonly found on Reddit—often speculative or risky .