LEO Token

LEO Token is an exchange-based token issued by Bitfinex, a centralized cryptocurrency exchange, and launched on 20 May 2019. It is designed to give Bitfinex users reduced trading fees, lower withdrawal costs, and other platform benefits in proportion to the amount of LEO they hold. The token addresses the practical cost of active trading on the exchange and is aimed at frequent users of Bitfinex and its affiliated services.

LEO is primarily an Ethereum-based token, though it also exists within the Sora ecosystem, meaning it can be held and transferred on those respective networks. Inside the Bitfinex platform it functions as a utility token: balances are checked against a user's account to determine the tier of fee discounts they receive. There is no on-chain consensus algorithm specific to LEO itself, as it relies on the underlying networks it is issued on rather than operating its own blockchain.

The data stored here does not include a direct fee-revenue stream attributable to LEO Token itself; the token's value proposition is tied to fee savings for holders rather than fees flowing into the token. Bitfinex has publicly described a mechanism by which a portion of exchange revenues and recovered funds is used to repurchase and burn LEO, but no fee figures are captured in the data on this page. The circulating supply stands at approximately 919,890,512 LEO at the current point in time, representing about 93.37% of tracked supply, with roughly 7.10% of supply still pending issuance, as measured at the same point in time. Because no fee metrics are stored here, fee-based measures common on this site are not applicable to this asset.