UNUS SED LEO vs Bibox vs WazirX
What problem does this service solve?
UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. | Bibox is an AI enhanced crytpo exchange that is based in China. | WazirX allows Indian cryptocurrency traders to trade a variety of currency pairs. |
Token Stats
Company Description
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. | Bibox is an exchange based in China. The platform offers a range of currency pairs and has a native Bibox token, that gives users a 50% discount on trading fees. | One of India's largest Cryptocurrency exchanges, WazirX is considered to be one the most influential Crypto companies in the country. The WazirX exchange was recently acquired by Binance. The exchange allows users to trade a variety of currency pairs, and also has a native token that gives traders a discount on trading fees. The trading platform is available on desktop, iOS, and Android. |