UNUS SED LEO Price Analysis : LEO token Holds 13th Position following the mysterious pump

At present,  few tokens are showing some significant gains. One coin that stood out among the rest is the UNUS SED LEO  (LEO). The coin received a major push with 2% spike and successfully entered the top 20 crypto market holding 56th position.

UNUS SED LEO  price has increased by 2.74% against the USD, trading at $1.89. In terms of LEO/BTC and LEO/ETH, the price spiked up by 1.57%  and 2.82% with trading value 0.00020515 BTC and 0.00707322 ETH.

Currently, the LEO token is ranking in 13th position, holding market cap $1,894,121,432  with $4,397,622 USD  24 hour volume and 1,000,000,000 LEO circulating supply. Currently, Matic Network can be bought or sold on popular cryptocurrency exchange Bitfinex.

One of the top cryptocurrency exchange – Bitfinex announced its to purchase back and burn its in-house token, LEO. Also, The exchange claimed that the UNUS SED LEO Transparency Initiative will allow users to see iFinex, the parent company of Bitfinex, purchase LEO at market rates on an hourly basis, equal to a minimum of 27% of the consolidated revenues of iFinex.

Bitfinex’s CTO tweeted :

On May 8, Bitfinex released the LEO whitepaper stating, the price of LEO tokens would be 1 USDT, but later clarified that “other forms of consideration” and “USDt equivalents” would also be accepted. In the whitepaper, the utility of LEO was spelled out as,

“LEO will be the utility token at the heart of the iFinex ecosystem. Token holders will experience benefits across the entire portfolio. And are expected to obtain benefits from future projects, products, and services, whether or not detailed within this white paper.”

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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