LEO Token 

LEO Price

What is LEO Token (UNUS SED LEO)?

LEO is the utility token of iFinex, the parent company of the Bitfinex cryptocurrency exchange, launched in May 2019. LEO holdings confer fee discounts across the Bitfinex ecosystem, and the token carries a buyback-and-burn commitment: iFinex dedicates at least 27% of consolidated gross revenue to monthly LEO buybacks. The original supply of 1,000,000,000 LEO was issued across two chains: 660,000,000 as an ERC-20 token on Ethereum and 340,000,000 on EOS. DropsTab classifies LEO as a CEX utility token.

Why does the LEO token burn?

LEO burns exist because iFinex committed to pass recovery proceeds and revenue to token holders. The burn commitment ties at least 27% of iFinex's consolidated gross revenue, excluding Ethfinex, to monthly buybacks at market rates. Separately, 80% of net recovered funds from the 2016 Bitfinex hack and the 2018 Crypto Capital seizure must buy back and burn LEO within 18 months of receipt. Burning permanently removes tokens from supply, which makes LEO deflationary.

How much of LEO's total supply has been burned?

More than 80 million of the original 1,000,000,000 LEO have been burned, per iFinex's official burn tracker. The remaining supply is verifiable on-chain through the Etherscan listing for the ERC-20 contract. Burns follow no fixed calendar: they depend on iFinex revenue and recovery receipts, so the total supply declines irregularly and only ever decreases.

Is LEO a coin or a token?

LEO is a token, not a coin: the asset has no blockchain of its own. LEO exists as an ERC-20 contract on Ethereum plus an asset on the SORA network, and DropsTab classifies it under CEX. That dependency on another chain's infrastructure is what separates LEO from a native coin. The May 2019 issuance split the original supply 660 million ERC-20 and 340 million on EOS.

Does LEO have a vesting schedule or token unlock risk?

No. LEO's May 21, 2019 sale distributed the entire supply with no lockup, and no cliff or linear-release schedule applies to any allocation. There are no scheduled unlock dates and no insider release overhang. The only supply-side dynamic is deflationary: revenue-funded and recovery-funded burns. Burn pace is not guaranteed, because it depends on iFinex revenue, the accounting perimeter, and recovery outcomes.

Who backed LEO and what does the ICO structure signal?

Per DropsTab data, the Initial Coin Offering on May 21, 2019 raised $1,000,000,000 at $1.00 per LEO, selling 1,000,000,000 tokens, which equaled 100% of total supply. SNZ Holding appears as the listed investor, a Tier 3 non-lead backer. The structure signals issuer dependence rather than venture backing: the roughly 10-day private placement ran on the Bitfinex platform amid iFinex's Crypto Capital funding shortfall, and that context shaped the recovery-linked burn commitments.

Where can you buy LEO token?

LEO trades spot on centralized venues including OKX and Gate, plus Uniswap DEX pools on Ethereum, per DropsTab data. No derivatives markets are tracked for the token. The issuer's own Bitfinex market, LEO:USD, has historically served as LEO's reference market. Outside Bitfinex, external liquidity is thin and concentrated in mid-tier venues, so centralized price discovery dominates over DEX pricing.

Did LEO Token run an airdrop?

No. LEO launched through a private placement sale in May 2019, not an airdrop, and no airdrop, retrodrop, or earn campaign exists for the token. Queries about a "LEO drop" therefore do not match this asset. Since June 2019, iFinex has instead published monthly buyback-and-burn data through a transparency initiative, which continues via the issuer's burn-tracking portal.

Is LEO a good investment?

LEO's investment case rests on two measurable mechanics: ecosystem fee discounts and a deflationary burn funded by at least 27% of iFinex's gross revenue. The risks are equally structural: LEO's utility depends on a single issuer, the burn pace is not guaranteed, and external liquidity outside Bitfinex is thin. The $1.00 sale price in May 2019 set the token's initial valuation benchmark.