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.DigiFinex is a leading Chinese exchange.

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.

DigiFinex is a top 20 exchange that has a strong focus on China. They do not accept US clients. DigiFinex's exchange does not charge a withdrawal fee.

Trading Fee: 0.2%
Deposit Fee: 0
Withdrawal Fee: 0
Number of Tokens/Coins: 29

DigiFinex issued the DFT token, which gives holders dividends.

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