UNUS SED LEO is a service token on Bitfinex used to obtain discounts on trading fees and unlock benefits in all aspects of its ecosystem, such as products and services trading. LEO stands out by way of its safe dual blockchain structure which enhances security while optimizing transaction efficiency.
LEO currently boasts a market cap of roughly $25 billion, making it one of the world’s biggest cryptocurrencies. Unfortunately, however, its high level of price volatility makes investing long-term difficult. In this article we’ll look at what factors influence its price as well as potential long-term effects.
Why was UNUS SED LEO Launched? Following the 2016 hack of Bitfinex in which $850 million reportedly vanished from their Tether reserve, iFinex suffered significant losses. To cover them up, some Ethereum and EOS reserves were transferred over to Tether Inc, but New York authorities claimed this move as being illegal; as a result of these accusations iFinex decided to launch UNUS SED LEO on both Ethereum and EOS blockchains as an attempt at preventing similar incidents from arising again.
This dual token model was an effective solution, as it enabled the platform to maintain liquidity while offering users additional features. Furthermore, token burn and buyback processes work to stabilize prices of cryptocurrencies over time and increase their value gradually.
Dual blockchain mechanisms enable the iFinex platform to offer high levels of transparency, including a dashboard which displays token burn and buyback information in real time. Through this approach, they hope to foster trust among their users while encouraging long-term investment strategies.
How to Invest in UNUS SED LEO
Trading UNUS SED LEO on most major exchanges is possible, although you should exercise extreme caution when handling ICOs or newer cryptocurrencies like UNUS SED LEO. For optimal protection from scammers and potential losses it is advisable to use only trusted exchanges like Binance or Kraken.
Another way of buying UNUS SED LEO is through crypto ATMs located throughout the world, which allow customers to purchase different cryptocurrencies with cash or a credit card. Once your chosen currency has been acquired, it can then be easily exchanged for UNUS SED LEO on decentralized exchanges (DEXs) or directly within your wallet.
DappRadar is an accessible centralized app that enables you to discover available airdrops and giveaways of cryptocurrency tokens, like UNUS SED LEO airdrops. Simply log into DappRadar, navigate to its Dedicated Airdrops section, click “Claim”, and look out for any available UNUS SED LEO airdrops – making sure that before participating it’s wise to read all terms and conditions carefully so as to avoid any disappointments!