to Coinmarketcap ranks UNUS SED LEO coin 19th by market capitalization and yet the coin is almost unknown. This is incomprehensible since it is not only in the TOP 20 of the best performing cryptocurrencies, but also has a very good price development despite difficult market conditions. time for a preview of the unknown part of the top 20.
- LEO: Bitfinex exchange token
- The main advantage is the trading fee discount
- Market capitalization over 3.19 billion USD
- Publication to date: from €0.93 to €3.35
- $FGHT is only 0.0166 USDT in presale
LEO coin very robust despite the crypto winter
For months, the analysis of many coins has shown price charts with a sharp drop in price and red curves, which represent a loss. Again UNOS SED LEO, the Bitfinex Crypto Exchange Utility Token, is surprisingly stable and resistant to external influences. This may be due to the large number of users, as Bitfinex is one of the largest trading platforms in the world.
Even the July hack of this year could not harm the price of LEO coin, which indicates a loyal community and a strong community of private investors. The same image is shown in Cartography in April 2022, at that time there was the allegation of fraud by the New York prosecutor. The allegations pointed to iFinex, the company behind the Bitfinex exchange, being guilty of the scam in which the exchange borrowed funds from USDT reserves.
Why is the LEO coin so unknown?
The Leo coin was launched in 2019 and, despite its high number of users and its use for discounts on transaction fees on Bitfinex, has so far received little media attention. It may also be due to the unusual name, which seems too suspicious to one or another investor. But LEO now has one large market capitalization with over 3.19 billion USD and should be taken seriously.
Perhaps its obscure existence is also due to the fact that there was no ICO and the token sale was just a private sale. Initially, only frequent Bitfinex users can benefit from the LEO coinwhich is also frequently criticized because its scope is very limited and the added value is only accessible to a relatively small group.
How has the LEO price evolved?
When sold privately, the price per LEO coin was only $1, so anyone who stocked up on the ERC-20 token back then has a good profit today. The token is also based on EOS and allows easy conversion between ETH and EOS chains. Over time, the circulating supply of LEO decreases, thwarting deflation.
This burning mechanism forces iFinex to buy back a certain portion of the coins from the market on a monthly basis, namely at least 27% of revenue generated by iFinex. This burning process will continue until 100% of the tokens are redeemed, according to the company.
Another special feature of the LEO coin is the fact that it can be found not only on one blockchain, but on two blockchains. 64% of the original supply was on the Ethereum blockchain and the remaining 36% on the EOS blockchain.
What unknown piece is there?
The crypto space offers a variety of interesting and unknown coins. The private sale of the LEO coin was only aimed at a limited group of investors at the time. FightOut does the same, because the $FGHT token is for you as well Pre-sales to private investors and so-called small investorswho can start crypto trading with a small sum.
FGHT is the utility token of the FightOut platform, which is nothing short of a revolution in the fitness industry. Founded by experts, boxers and athletes, the platform brings together metaverse, avatar and fitness on the blockchain and shows how fitness can work without studios and long contracts. Fitness boxing is also at the center of FightOut.
Why is FightOut a possible alternative?
As with the unknown LEO coin, FightOut doesn’t get too much media attention, but acts as a coin with a future in the background. Investors can currently pre-purchase for as low as 0.0166 USDT, particularly targeting the retail investor sector. Over $2.56 million has already been raised for the new moving platform.
Just like LEO-Coin, FightOut has developed an exceptional concept. The focus here is not on fees and discounts, but on added value for athletes and fitness enthusiasts. At FightOut, you’ll learn exactly how to build muscle, take online classes, and earn rewards for every physical activity. With the native coin, you have access to the platform and let your avatar grow in the app with each new challenge.
FightOut presales are scheduled until March 31, 2023. However, like many other crypto presales in 2022, it might end beforehand because the popularity is so immense. Since more than half of the tokens from the first presale phase have already been sold out in a very short time, you definitely need to hurry if you still want to be there. In phase 2, the price of the token increases and on April 5, the first CEX listing takes place with a price of 0.0333 USDT per $FGHT.
FightOut is revolutionizing the fitness industry with the Move2Earn concept. Join now!
Conclusion: Bitfinex’s unknown coin has reached a stable position amid turbulent market conditions and convinces investors and users with an above-average run. This could apply to FightOut as well, because an entire industry is being turned upside down here. Fitness no longer takes place in stuffy studios and users no longer have to sign lengthy contracts.
FightOut can become a room with potential in 2023 and you can be part of it now.
The investment is speculative. When you invest, your capital is at risk. This website is not intended for use in any jurisdiction where the trade or investment described is prohibited and should only be used by persons and as permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. So do your own due diligence. This website is provided to you free of charge, but we may receive commissions from the businesses we feature on this website.
About the Author: Stefanie Herrnberger works as a freelance speaker and writer. His many years of professional experience in the fields of blockchain, cryptocurrencies and NFT provide him with the ideal framework to report on news and developments in decentralized and central financial markets. Stefanie has been investing in cryptocurrencies herself for several years and therefore understands the challenges and opportunities for crypto traders.