Being new to this platform I made several gleaning as to what is Leo Token; it's past and present condition that I may know where it is heading. Browsing the internet, I found several backgrounder, description and commentaries through print and video presentations but I opted to chose the most significant historical background of Leo, to wit;
According to coinpaprica.com
"LEO Token is a Bitfinex exchange token, which mainly use is for discounts on the exchange.
LEO Token [LEO] is a token based on Ethereum blockchain. The most actual price for one LEO Token [LEO] is $1.36. LEO Token is listed on 6 exchanges with a sum of 16 active markets. The 24h volume of [LEO] is $806 499, while the LEO Token market cap is $1 359 570 320 which ranks it as #29 of all cryptocurrencies. You can find more information about LEO Token [LEO] on bitfinex.com".
Cryptonews.com stated that
"Following its May 2019 launch, the Bitfinex exchange token named UNUS SED LEO (LEO) token managed to make headlines by its surge to the upper ranks of the cryptocurrency tokens ranked by the value of their market capitalization. In early June 2019, LEO token seemed to reach the shores of the famed top 10 token club, drawing comparisons with the similar tokens, such as the Binance Coin (BNB) which is the native token of the cryptocurrency exchange Binance.
In May 2019, the parent company behind the Bitfinex exchange, iFinex, released a whitepaper in parallel with the launch of the private token sale. Based on the data found in the paper, iFinex plans to issue no more than 1 billion LEO tokens. Each of them will be pegged to the tether (USDT) stablecoin. Following the conclusion of the sale, Bitfinex enabled trading with the LEO on May 20, with the tokens being tradable against BTC, USD, USDt, EOS, and ETH".
Coincerntral also lamented
"LEO is a utility token that you can use on all iFinex platforms, including Bitfinex and Ethfinex. The token derives its name from “Unus Sed Leo,” iFinex’s company motto".
Coinpaper.io
iFinex started its operations in 2012, initially operating under the Bitfinex brand, making it one of the longest-standing exchanges in the industry. Since then iFinex, through its trading platforms, has become one of the best-known and recognized companies in the cryptocurrency space with a community of passionate entrepreneurs, idealists and technologists that have together created one of the best growth stories in our industry. Our guiding principle has always been innovation for progress. We are known for building industry first products and tools that accelerate the blockchain promise of freedom and scalability set out in the original Bitcoin WhitePaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” released in 2008.
Looking at this backgrounder, Leo was created primarily for trading purposes. But as time goes by, everything changes for the better. New and improved strategies that may contribute for the betterment of the clients and the company or companies. What is important here is that Leo created this platform for content creators and crypto enthusiasts. As a practicing content creator it is very rewarding to see your posts that bears insights and relevant ideas in the crypto world.
I also gleaned some issues that surrounds the creation of the smart contracts as pointed out in coinintellegence.com but for me as a content creator, it is but a commentary or an opinion by the website curators.
Finally, Leo Token would not last this long (unlike other tokens in the market) and would not have made a steady market value with the potential to grow like Bitcoin in a given time if it is not built to withstand the test of time. Leo may one day go beyond the moon with our patronage and commitment to value the token.
