UNUS SED LEO

by Bitfinex

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LBank

by LBank

5/5

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Coinbit

by Axia Inc

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UNUS SED LEO

by Bitfinex

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LBank

by LBank

5/5

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Coinbit

by Axia Inc

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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.LBank is a Chinese based exchange that primarily caters to the Chinese market.Coinbit allows users to trade a variety of cryptocurrencies.

Token Stats

Not Relevant

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.

LBank is Chinese exchange that ranks in the top 20 for trading volumes. The trading platform is intuitive and offers some advanced trading tools. However, the company's focus is on the Chinese market, and the English language site can be difficult to use.

Trading Fee: 0.1%
Withdrawal Fee: 0.01 BTC
Number of Tokens/Coins: 88

Coinbit is a South Korean cryptocurrency exchange. It is primarily focused on the South Korean market, and allows users to trade a variety of coins and tokens. Coinbit issued the Ethereum based NEXT token, which is designed to prevent price depreciation.

Trading Fee: 0.1%
Withdrawal Fee: 0.001 BTC and 0.03 ETH

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