### What is LEO Token (LEO)?
LEO Token is the utility token for the **Bitfinex** ecosystem, aimed at enhancing trading and offering fee discounts. It was created to allow Bitfinex users to benefit from reduced trading fees, better transaction rates, and other perks within the platform.

### What Problem Does LEO Token (LEO) Solve?
LEO addresses the following issues:
- **Fee Reduction**: LEO provides trading fee discounts based on how much of the token a user holds, making transactions more cost-effective.
- **Platform Loyalty**: It fosters loyalty in the Bitfinex ecosystem through incentives like reduced withdrawal and lending fees.
- **Burn Mechanism**: Part of the token supply is regularly burned, reducing the circulating supply and increasing scarcity over time.

### Why Does the Crypto Market Need LEO Token (LEO)?
LEO brings value to the crypto market by:
- **Lowering Trading Costs**: Active traders on Bitfinex get reduced fees, making high-volume trading more accessible.
- **Token Buyback and Burn**: LEO tokens are bought back and burned using exchange revenue, contributing to token deflation and value appreciation.
- **Enhanced Platform Features**: LEO holders gain access to exclusive Bitfinex features, promoting greater user engagement and liquidity.

### History & Achievements
LEO launched in May 2019 after Bitfinex needed to raise funds to cover certain financial deficits. The token sale raised $1 billion in 10 days. Since then, LEO has gained steady demand due to its buyback-and-burn mechanism.

### Who Created LEO Token (LEO)?
LEO was created by **Bitfinex**, a major cryptocurrency exchange. It was part of a strategy to improve platform liquidity and incentivize user engagement through lower fees and other perks for token holders.

### What Technology Does LEO Token (LEO) Use?
LEO is based on:
- **Ethereum and EOS Blockchains**: LEO operates as both an ERC-20 token on Ethereum and a token on the EOS blockchain, offering flexibility across networks.
- **Token Burn Mechanism**: Bitfinex buys back and burns LEO tokens using 27% of revenue from fees and other activities, reducing the total supply over time.

### What Affects LEO Token (LEO) Price?
Factors influencing LEO’s price include:
- **Bitfinex Trading Volume**: Increased trading activity on Bitfinex drives demand for LEO due to its fee reduction benefits.
- **Token Burn Mechanism**: Regular token burns reduce the circulating supply, contributing to price increases.
- **Overall Market Sentiment**: Broader cryptocurrency market trends and Bitfinex's performance as an exchange also affect LEO's value.

### How Many Tokens of LEO Token (LEO) Are in Circulation?
LEO has a circulating supply of **925,382,421** tokens.

### What is the Maximum Supply of LEO Token (LEO)?
The maximum supply of LEO is capped at **985,239,504** tokens.

### What is LEO Token (LEO) Utility?
LEO tokens are used for:
- **Fee Reductions**: Holders enjoy discounts on trading, withdrawal, and lending fees within the Bitfinex ecosystem.
- **Burn Mechanism**: Bitfinex regularly buys back and burns LEO tokens, reducing supply and encouraging long-term holding.
- **Platform Access**: LEO holders receive access to enhanced withdrawal limits, faster trading execution, and other exclusive features.

### Tokenomics of LEO Token (LEO)
LEO’s tokenomics include:
- **Fixed Supply**: LEO has a total supply of 985 million tokens, with 80 million reserved for operational costs.
- **Buyback and Burn**: Bitfinex uses part of its revenue to buy back and burn LEO tokens, creating deflationary pressure.
- **Exchange Utility**: LEO holders benefit from reduced fees and special features on Bitfinex, driving demand for the token.

### What is the All-Time High and All-Time Low for LEO Token (LEO)?
- **All-Time High**: $8.14 on February 8, 2022
- **All-Time Low**: $0.7999 on December 24, 2019

### Where to Buy LEO Token (LEO)?
LEO tokens can be purchased on major cryptocurrency exchanges, including:
- **Bitfinex** (primary exchange for LEO)
- **Uniswap**
- **Gate.io**
- **OKX**

### Who Invested in LEO Token (LEO) at an Early Stage?
LEO was launched through a private sale in 2019, raising $1 billion in 10 days. This sale attracted private investors and high-net-worth individuals, helping Bitfinex recover from financial issues.

### What Are the Revenue Streams of LEO Token (LEO)?
LEO’s revenue streams include:
- **Transaction Fees**: Bitfinex generates revenue from trading, withdrawal, and lending fees, which is partially used for buying back and burning LEO tokens.
- **Staking and Lending**: Users can lend and stake their LEO tokens on Bitfinex, generating rewards and enhancing platform liquidity.