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What is LEO Token?

The LEO Token (LEO) is a utility token created by iFinex for use across its ecosystem, primarily on the Bitfinex exchange. It was launched in 2019 through an Initial Exchange Offering (IEO) to raise $1 billion to cover a financial deficit. The token offers discounts on trading fees, lending fees, and withdrawal and deposit fees for users holding LEO tokens. It is issued on both the Ethereum and EOS blockchains, with 660 million tokens on Ethereum and 340 million on EOS. The token is designed to be burned and bought back by iFinex, with a goal of eventually removing all tokens from circulation.

How is LEO Token used?

The LEO Token (LEO) is a utility token primarily used on the Bitfinex exchange and other platforms managed by its parent company, iFinex. It provides several benefits to users, including:

  • Trading Fee Discounts: LEO holders receive reduced taker and lending fees on the Bitfinex exchange. All tiers of token fees are reduced by 15% for crypto-to-crypto pairs, and an additional 10% reduction is available for those holding more than 5,000 USDT equivalent in LEO.
  • Funding Fee Discounts: Peer-to-peer (P2P) financial lenders receive a 0.05% discount on P2P lending fees for every 10,000 USDT held in LEO tokens, capped at 5% when 1 million USDT in LEO is held.
  • Withdrawal and Deposit Fee Discounts: LEO holders can enjoy up to 25% crypto withdrawal and deposit fee discounts. Users holding more than 50 million USDT worth of LEO tokens can withdraw up to 2 million USD without incurring additional fees.
  • Dual Blockchain Compatibility: LEO tokens are issued on both Ethereum and EOS blockchains, providing flexibility and ease of use for token holders. This allows for cross-chain conversions and greater choice for developers and users.

These benefits aim to incentivize involvement in the Bitfinex ecosystem and optimize trading processes.

How do I store LEO Token?

To store LEO Token (LEO) tokens, you can use various cryptocurrency wallets that support the Ethereum and EOS blockchains. Here are some options:

  1. Ledger Hardware Wallet: Ledger offers a secure way to store LEO tokens using their hardware wallets, such as the Ledger Nano S Plus and Ledger Nano X. You can manage your LEO tokens through the Ledger Live app, which supports thousands of crypto assets and NFTs.

  2. Atomic Wallet: Atomic Wallet is a highly secured multi-chain wallet that supports both Ethereum and EOS blockchains, allowing you to manage and store LEO coins across these two chains.

  3. Guarda Wallet: Guarda offers a secure solution for storing LEO tokens, providing convenient functionality and compatibility with Ethereum and EOS protocols.

  1. Coin98 Wallet: You can also store LEO tokens on the Coin98 Wallet, which supports the Ethereum blockchain. Simply open the wallet, search for LEO, and copy the wallet address to receive your tokens.

These wallets provide a secure and convenient way to manage your LEO tokens.

How to buy LEO Token?

To buy LEO Token (LEO) tokens, follow these steps:

  1. Buy ETH on Bit2Me:

    • Open an account on Bit2Me.
    • Verify your account.
    • Add Euros to your Bit2Me wallet.
    • Buy Ethereum and keep it in your Bit2Me wallet.
  2. Create a MetaMask Wallet:

    • Download the MetaMask browser extension or mobile app.
    • Create a wallet by following the setup instructions.
    • Write down and keep your seed phrase securely.
    • Name your account.
  3. Transfer ETH to MetaMask:

  • Send your ETH from Bit2Me to your MetaMask wallet.
  • Pay the corresponding gas fee if necessary.
  1. Buy LEO on a DEX:
    • Connect your MetaMask wallet to a decentralized exchange (DEX) that supports LEO, such as PancakeSwap.
    • Select ETH as the payment and LEO as the cryptocurrency you want to buy.
    • Make the swap.

If LEO is not available on the DEX, you can use a blockchain scanning tool like Etherscan to find the smart contract address and manually perform the swap.

Alternatively, you can buy LEO Token through a centralized exchange (CEX) by following these steps:

  1. Register on a CEX:

    • Sign up for an account on a CEX that supports LEO trading.
    • Verify your identity and secure your account.
  2. Buy USDT, ETH, or BNB:

    • Use fiat to purchase USDT, ETH, or BNB on the CEX.
    • Transfer these funds to the CEX that supports LEO trading.
  3. Buy LEO:

  • Use the purchased USDT, ETH, or BNB to buy LEO in the spot market.

After buying LEO, it is recommended to transfer your tokens to a secure hardware wallet like Ledger to protect your private keys and ensure the security of your assets.

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