Prominent cryptocurrency exchange Bitfinex announced that it would be listing its new token UNUS SED LEO on Monday, May 20 at 08:00 UTC. Bitfinex had recently successfully completed a private sale of 100% of outstanding UNUS SED LEO tokens in exchange for one billion USDt worth of Bitcoin, USD, and USDt.
Bitfinex said that LEO will enable the users of Bitfinex to trade it against other cryptocurrencies and US dollars.
Bitfinex is proud to announce the upcoming distribution of UNUS SED LEO tokens to participants following completion of $1bn contribution.https://t.co/JkGiq2Bn6k
Trading against BTC, USD, USDt, EOS, and ETH will commence on Monday May 20th, at 08:00 UTC on Bitfinex.
— Bitfinex (@bitfinex) May 17, 2019
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iFinex which is the parent company of Bitfinex describes LEO as “a utility token at the heart of iFinex’s ecosystem.” iFinex claims that its infrastructure, which has migrated from the Amazon Web to a self-designed data centers, is stronger and more independent.
LEO was created from the heart and from the perspective of the iFinex & crypto community. For existing iFinex users, and for those who want to use iFinex platforms and services, LEO offers a great opportunity. An iFinex subsidiary for special purposes intends to sell LEO tokens up to USD 1 billion.
iFinex has been involved in developing and finalizing support for digital assets in the Lightning Network, together with a few other companies and individuals. The first digital assets on the Lighting Network will ideally be digital assets developed and implemented by iFinex, including a LEO token.
At the heart of the iFinex ecosystem, LEO will be a utility token. Token holders are expected to benefit from future projects, products, and services throughout the portfolio.