1. UNUS SED LEO – “one, but a lion”
– Current market capitalization: $9.10
– #13
2.
– Layer 2
– exists on EOS and Ethereum
– non-native
– proof of stake (ethereum) and delegated proof of stake (EOS)
3. The purpose of LEO as a utility token is to give Bitfinex (crypto trading platform) more usefulness for its customers. Bitfinex also originally created LEO to raise more money when it was in a difficult situation as a company due to hacking scandals and a lack of trust from consumers. LEO gives Bitfinex users “reduced trading fees, various discounts, and access to exclusive services.”
4. The advantage is the benefits discussed above for users of Bitfinex. The weakness is perhaps that it is a utility token, but it’s less popular than Ether (but I am not sure if this is a weakness). Furthermore, LEO becomes useless if everyone stops using Bitfinex, which is a risk.
– I think it’s more secure because it exists on two different blockchains
5. The only users of LEO coin already use Bitfinex. Their website says Bitfinex is for both “users” and “global liquidity providers” which might be miners.
– Tethercoin was created by Bitfinex as well, so there must be a connection there.
6. It is important that many LEO utility tokens are “burned,” but I am not quite sure why.
The circulating supply is 923,829,680. They are consistently “burned.”
7. The risks to the success of LEO token is that you’d only buy it if you trust Bitfinex, but Bitfinex has had many hacking issues and has lost money before.
