UNUS SED LEO.

UNUS SED LEO (LEO) is a dual-protocol utility token, existing as both an ERC-20 token on the Ethereum blockchain and an EOS-based token. It was launched in May 2019 through a private sale by iFinex, primarily to help the company recover from funds seized by Crypto Capital Corp. The token's technical infrastructure leverages established blockchain networks, ensuring its security and liquidity within the broader crypto ecosystem rather than operating on its own dedicated chain. The primary utility of LEO is deeply integrated into the iFinex ecosystem, especially on the Bitfinex exchange. Holders of LEO receive various benefits, including reduced trading fees (spot, margin, and derivatives), discounts on lending and borrowing rates, and reduced withdrawal fees across Bitfinex and its affiliates. A distinctive feature of LEO is its unique burn mechanism: iFinex has committed to buying back LEO from the open market equivalent to at least 27% of its consolidated gross revenues and 95% of recovered funds from past hacks or seizures. This deflationary model aims to progressively reduce the token's circulating supply over time, theoretically increasing its scarcity and value. From a market significance perspective, LEO stands out as one of the largest exchange tokens by market capitalization, directly linking its value to the performance and user base of Bitfinex. Its existence and utility create a strong incentive for frequent traders and institutional clients to utilize Bitfinex, fostering loyalty and contributing to the exchange's liquidity. The ongoing buyback and burn program, which has successfully retired a significant portion of the initial supply using Bitfinex's profits and recovered assets, provides a fundamental driver for its long-term valuation and sets it apart from many other utility tokens.