Announcements > First Wave Of UNUS SED LEO Discounts Live May 28, 2019

One week ago Bitfinex introduced UNUS SED LEO to the cryptocurrency space as a utility token at the heart of the iFinex ecosystem. UNUS SED LEO has been designed to empower the Bitfinex community of traders, providing benefits for those seeking to maximize the potential of Bitfinex through a series of fee reductions, discounts and monthly token burns.

In line with this, we are pleased to announce the first wave of benefits for UNUS SED LEO token holders on Bitfinex.

As of today, Tuesday May 28th, UNUS SED LEO holders will have their taker fees reduced by 15% across all crypto-to-crypto (including crypto-to-stablecoin) pairs across Bitfinex.

Users are required to have an average of just 1 LEO USDt equivalent in their Bitfinex wallets over the last 30 days (since May 20th). The discount is calculated every 12 hours and applies to all taker fees spent across both Bitfinex and Ethfinex.

All current and future UNUS SED LEO fee discounts are visible on the Bitfinex Fees page; here users will be able to view all account fee discounts when logged in. Additionally, Bitfinex users can view all relevant token/fee statistics under Reports > Summary.

For more information, refer to today’s Fee Reduction announcement.