LEO, a utility token at the heart of the iFinex ecosystem. 1 USDt per Token. Up to 1 billion Tokens will be issued. Proceeds may be used for working capital and general business purposes, including capital expenditures, operating expenses, repayment of indebtedness and other recapitalization activities.
Reductions of fees and other discounts on BitFinex and EthFinex, as described more fully herein, as well as similar fee reductions and/or other features and benefits for future iFinex trading platforms, products, and services.
On a monthly basis, iFinex and its affiliates will buy back LEO from the market, until no tokens are in commercial circulation.
Official website: https://www.bitfinex.com
White paper: https://www.bitfinex.com/wp-2019-05.pdf