Announcements

Announcements > UNUS SED LEO listed today following completion of $1bn contribution May 20, 2019

UNUS SED LEO, the utility token at the heart of the iFinex ecosystem, is now trading on Bitfinex against BTC, USD, USDt, EOS, and ETH.

Token holders will experience benefits across the entire portfolio and are expected to obtain benefits from future projects, products, and services, as detailed in the whitepaper.

Benefits of holding UNUS SED LEO (commencing within three months) include (but are not limited to):

  • Bitfinex taker fee reduction -- All levels of taker fees for those holding the token will be reduced by 15% over all crypto-to-crypto pairs (including crypto-to-stablecoin).
  • Bitfinex lending fee reduction -- P2P financing lenders will get a fee discount equal to 0.05% for every 10,000 USDt in UNUS SED LEO tokens held (on average) in the trader’s account during the previous month (calculated using every day in the month). The maximum discount is capped at 5%.
  • Bitfinex crypto and fiat withdrawals and deposits fee discount -- Holders of > 50m UNUS SED LEO tokens will receive up to a 25% crypto withdrawal and deposit fee discount. Holders of > 50m USDt worth of UNUS SED LEO tokens (on average) in the previous month (calculated using every day in the month) are able to withdraw 2m USD fiat per month without additional fees. Also, the additional fee will be reduced to 2% (instead of 3%) on any withdrawal above 2m USD fiat monthly.

For further information on the UNUS SED LEO token and benefits, download our whitepaper here. Trading is limited to KYC verified customers and certain jurisdictions. To verify, traders should head to bitfinex.com/verification