After its introduction in May 2019, the
UNUS SED LEO (LEO) token from
Bitfinex exchange quickly gained attention for its remarkable surge into the upper echelons of the cryptocurrency market. By early June 2019, LEO appeared to secure a spot among the top 10 tokens, prompting comparisons to counterparts like
Binance Coin (BNB), the native token of Binance exchange.
In tandem with its May 2019 debut, Bitfinex's parent company, iFinex, unveiled a whitepaper alongside a private token sale, outlining plans to cap the issuance of LEO tokens at 1 billion, each tethered to the stablecoin
Tether (USDT). Post-sale, Bitfinex commenced LEO trading on May 20, allowing exchanges against BTC, USD, USDT, EOS, and ETH.