UNUS SED LEO vs CoinBene
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. | CoinBene is one of the largest exchanges by trading volume. |
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. | CoinBene is a cryptocurrency exchange that launched in November, 2017. It has quickly become a top 30 exchange by trading volume. CoinBene has offices in several countries and its website is available in multiple languages. |
