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{"@context":"http://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What Makes UNUS SED LEO Unique?","acceptedAnswer":{"@type":"Answer","text":"A token burn mechanism means iFinex is committed to buying back UNUS SED LEO from the market on a monthly basis. The amount that’s purchased and burned is equal to at least 27% of the revenues generated by iFinex — and tokens are also purchased at the market rate. In a news release at the time, the company said: “The burn mechanism will continue until 100% of tokens have been redeemed.”\n\n\n\nWhereas some cryptocurrencies just launch on a single blockchain, LEO tokens were issued on two blockchains. While 64% of the original supply was on Ethereum, the remaining 36% could be found on EOS."}},{"@type":"Question","name":"How Many UNUS SED LEO (LEO) Coins Are There in Circulation?","acceptedAnswer":{"@type":"Answer","text":"As we mentioned, the circulating supply of LEO tokens is designed to diminish over time. Originally, the total supply was set at 1 billion.\n\n\n\nLEO was sold for $1 apiece on a 1:1 basis with the Tether stablecoin, meaning that a total of $1 billion was raised over a 10-day period.\n\n\n\nThere were 660 million ERC-20 tokens at launch, as well as 340 million EOS-based tokens — and Bitfinex allows conversions between the two chains to be made with ease.\n\n\n\nAt the time, the company described the dual protocol launch as “unique” — and vowed that it would empower the Bitfinex community."}}]}

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