Bitfinex is proud to announce the launch of the UNUS SED LEO Transparency Initiative.
The initiative, built around a real-time token burn redemption mechanism, marks the launch of the LEO burn mechanism, which will see iFinex gross revenues allocated to purchasing circulating LEO tokens at market rates.
To complement the launch of the UNUS SED LEO burn mechanism, we have launched the ‘LEO Transparency Dashboard’, providing real-time insights into all collected platform fees, and subsequent LEO burns.
The UNUS SED LEO Transparency Dashboard can be accessed at leo.bitfinex.com.
We have decided upon a continuous burning mechanism — verifiable and in real-time — to keep the process as fair as possible for