Topic: Here to discuss UNUS SED LEO coin (Read 201 times)

I was actually confused whether this LEO Token is the same token as Unus Sed Leo that OP is talking about. When I searched Unus Sed Leo in coingecko, nothing came out. So I thought this was a different token. But when I looked for Unus Sed Leo in coinmarketcap, it was there and it had the same logo and all else was more or less similar. So this is really it.

I also cannot say whether this is a token worth investing, but it seems it has already grown a lot.

Actually it really grow without even noticed. I just recently saw the leo token on coingecko and to my suprise they are on the top 21 which is really surprisingly for me since usually a project before going up there must be always trending on social and popular news on crypto but never heard anything about it. Im not sure if this is a good project but reaching 21st rank is really insane and even surpass good projects out there.

I have always seen this coin on the coinmarketcap and it's one on the top. I'm curious about it for a long time but never done any research since I haven't seen someone made a discussion about it here in the forum.

My take on what you've said is, it's helpful for me and the details you've shared has given me an idea that it's a token made by an exchange. Now that someone has shared some details about it, this is making me curious more now and urges me to make my own research based on these details.

I'll try to summarize it since i was a fan for a long time. Still am. It's basically a token by bitfinex, i can't remember if they collect a funding to recover from the hack or something but basically they are constantly burning it by buying it from the market at market price with some % of bitfinex profits if i recall correctly.

Difference between Binance BNB burning and bitfinex UNU SED LEO (LEO) is that while Binance burns 50% of the tokens, Bitfinex is trying to burn 100% of LEO.
Now best thing in this is that while they are not obviously burning "everything" as people aren't selling everything to them, then the price target can be ANYTHING, because supply drops all the time while people sell and people can decide to set their sell orders anywhere and there's always some buying power left as long as bitfinex is operational.

Here are the burn stats: https://leo.bitfinex.com/

It has slowly been rising and while ago they bounced as it reads in the white paper that if they would recover the stolen btc they would use them to buy back the tokens. And in last february they caught the hackers

-> https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

Now imagine if US justice system decides to give them back the stolen btc. They would be legally obligated to use all of it for buying the token from the market. That would mean historically most gains that one token has made in a short time.

Edit: Even though the price target could technically eventually be $10M per coin depending how fast they get to burn it. I don't think it would be a instant speculative moonshot without recovered funds, but a slow rise.

Disclaimer: I've never heard about fameex that second poster is advertising with op and i wouldn't recommend using it to buy.

Never heard of it, is it a new project? It would be helpful if you could provide us with more information about it so that we can determine exactly what project you are referring to. You are new to the market, and what are your goals in this market? If you are trying to make a profit like everyone here, I think as a newbie you should stay away from new projects that don't have too much reputation to limit your risk. You should focus on the top coins, it's very good for newbies, don't rush to seek profits in a hurry and then lose.

I'm not sure how I encountered this coin but I think I have already heard about this. It's possible that they used to have a bounty campaign here? But when I proceeded to coingecko.com to check if this coin is already on their list, it isn't. It's a different LEO that is there and it seems this LEO is the one that has so much potential because they've managed to climb the ranks and reached 21st.

But be careful about 'experts' talking about coins with 'growth potential.' They're probably not experts and are simply paid shills.

Here to discuss UNUS SED LEO coin. Who has heard anything about it?
Many articles assuming LEO has its growth potential, despite its specific.
I'm new to crypto, and I wanted to understand how LEO can cope with the crisis in iFinex. Also, many experts are saying that the coin is good for experienced investors (I read it on changelly blog). Why so?