If virtual currencies were to be normal currencies, the struggle for existence in the crypto space wouldn’t have existed. There are many digital coins in the crypto world, some are termed “dead” when they can not meet the market value again, while some are experiencing struggling for survival, but the UNUS SED LEO has come to stay.
UNUS SED LEO Is an acronym that means “one but a lion.” It lives up to its name in beating other currencies in the blockchain that existed before its arrival. It offers more benefits for the token holders and investors than people could ever imagine because it was launched on Ethereum and EOS blockchain.
LEO has taken over the marketplace and is moving fast. The steady increase in the token’s value is also one of the reasons why it is used for exchange with a huge discount for people holding the token. However, some people still find it difficult to trust the token or invest in it. You don’t need to fret about how to go about it; this article is about what you need to know before investing in an LEO token.
What is UNUS SED LEO?
UNUS SED LEO is a versatile token used on the popular exchange platform Bitfinex and has a high productivity rate to reduce blockchain interoperability. It was launched in 2019 by the iFinex company, a crypto firm that birthed the Bitfinex exchange and Tether (USDT), and currently facilitates various transactions on the platform with huge discounts.
The funny part is that the name UNUS SED LEO given to the token by the company was coined from an incidence or story of the Aesop fable. The company interpreted this to suit their interest and used it in their motto. The fable signifies the “Sow and the Lioness.” What could have joined these two together?
The sow felt he could brag because of its number of offspring and questioned the lioness about its children, but the lioness replied with great wisdom, “UNUS SED LEO”, which means “It’s one but a lion.” This is the company’s watchword and what they focus on which makes them unique. LEO hopes to be the future most sought-after token, which is the reason behind the name.
The token is issued on the EOS and Ethereum blockchain and helps in facilitating various blockchain transactions. The token has kept increasing in value since 2019 and has shown great returns despite the dip in the current crypto market. Hence, this answers the question is the token a good investment.
One of the great features this token includes is holders and investors’ ability to work on both Ethereum and EOS blockchain at a time using the Bitfinex platform as a connection. When trading on the platform, it allows the traders with the LEO token to experience a discount fee on exchanging other virtual currencies on the platform.
About Bitfinex platform
Bitfinex is one of the leading virtual currency exchange platforms that allows users to trade different digital coins without any barrier to transactions. It was founded by the iFinex firm in 2012 and managed to create an enabling arena for crypto investment and exchange. Some things to note about this exchange platform:
- The platform allows the exchange and investment of over 170 cryptocurrencies with smooth activities.
- It charges a low fee for every trade transaction performed on the platform.
- It provides an option for advanced trading and investment. The platform is also easy to navigate for new users with prompt and fast transactions.
- It is one of the oldest crypto trading platforms globally, known for its unique features and customer-friendly interface.
- It also uses the LEO token, which guarantees increased market value even in the present time and nearest future.
How to buy LEO token
Buying a LEO token is straightforward if you follow the necessary steps. It can be purchased on Bitfinex and other exchange platforms like coinbase. Listed below are the steps to take in buying an LEO token:
- Firstly, open an account with any exchange platform like Bitfinex. During this process, you will be required to fill in your details and take a selfie, among others, after which you will be able to perform transactions on the platform.
- Purchase a crypto wallet. You might decide to purchase a software wallet where your cryptocurrencies will be stored and linked to a funding method.
- Proceed to buy your LEO tokens
- After purchasing, you can now decide whether to sell, convert or trade with it.
Pros and Cons of UNUS SED LEO
Pros
- Leo token holders enjoy a great discount from all their crypto exchanges within the platform. But the greater the holder’s level, the more discount to be enjoyed.
- LEO token holder enjoys a discount between 0.05% and 25%.
- LEO users are allowed the voting right on the platform.
- It is available on many cryptocurrency exchange platforms.
Cons
- High risk of manipulation in the value of the token.
- There is a risk of inaccuracy in some specific data.
- High starting valuation.
UNUS SED LEO Current state of the market
LEO has a market cap value of around $4.7 billion and a trading volume of $6,549,920. Its current price is $4.98.
UNUS SED LEO Contract address
Find the contract address below:
Ethereum: 0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3
Is UNUS SED LEO a good investment?
UNUS SED LEO is a versatile token that has gained momentum in the crypto marketplace due to the minimal risk analysis of investment and the discount it offers for users. When it was launched, the price experience a surge and still even maintains its uniqueness in the crypto market.
Not to garnish, it’s one of the best tokens investors should focus on trading with due to the discount it offers and fast development. It’s also predicted to have a great increase in price in the years to come. Hence, it’s a good investment for investors and traders. However, having foreknowledge of it is very important.
UNUS SED LEO Price prediction
- According to their analysis, Wallet investors predicted an increase in price to $17.822 in the next five.
- Govcapital predicted an increase in price to $45.633 in the next five years and $12.657 in the next year.
- Digital coin price also predicted an increase in price to $14.26 in the next three years.
Conclusion
LEO token is one of the evergreen tokens every investor and crypto trader should look into in the present crypto tradings. However, individuals interested in making money investing in this token are adviced to read through the pros and cons of the token before trading.
