What problem does this service solve?

TopBTC is a crypto exchange with standard offerings and conflicting user reviews.UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated.

Token Stats

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Company Description

TopBTC is an exchange that has received varying reviews. Although TopBTC is known for having large trading volumes, the customer support is lacking and there are a variety of dead coins being traded. The company claims to be from Australia, but unlike other crypto currencies there, it is not a member of the Australian Digital Commerce Association(ADCA). TopBTC has also had many users claim that they were unable to withdraw funds.

Trading Fee: 0.2%
Withdrawal Fee: 0
Number of Tokens/Coins: 26

UNUS SED LEO is an initiative started by Bitfinex that is focused on increasing the exchange's transparency. UNUS SED LEO means "one, but it's a lion" in Latin. The iniatative was created to increase the transparency of the exchange's finances, following a controversy related to the allocation of reserves from the stablecoin Tether, that was created by the same parent company as the Bitfinex exchange, iFinex. It is built around a token burning redemption mechanism which is tied to the parent company's revenues. Their dashboard provides insights into the fees that are collected, and the LEO tokens that are burned.

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