Cryptobusiness Bitfinex will listing its own token LEO May 20,

Representatives of the crypto exchange Bitfinex announced that the listing of their own token UNUS SED LEO (LEO) will take place on May 20.

Already on May 20, users of the Bitfinex trading platform will get access to LEO token trading pairs with Tether (USDT), Bitcoin (BTC), Ether (ETH), EOS and USD. LEO Token can be used by Bitfinex customers to pay for various services. The white paper of the project, which was published on May 10, states that LEO is a service token, a key element of the iFinex ecosystem. iFinex is the parent company of Bitfinex Crypto Exchange. Bitfinex is committed to active development, the company aims to provide a more independent and powerful infrastructure – for this, the crypto exchange has refused to use the services of Amazon Web Services and now has its own data center.

Recall that earlier it was reported that Bitfinex representatives planned to collect $ 1 billion in IEO. Paolo Ardoino, CTO of Bitfinex, said that the company was able to achieve its goal, the desired amount of funds was collected in 9 days. As noted in the documentation from Bitfinex, the funds raised through LEO will be used to pay off the debt in the amount of $ 850 million, as a result of which the company started having problems with the authorities of the State of New York.

Note that the LEO token will allow its holders to receive discounts on commissions when performing trading operations with cryptocurrency pairs, as well as the company's customers will have more favorable conditions when withdrawing their funds and when receiving a loan.