Unus Sed Leo is one of the new cryptocurrencies, which is the brainchild of the largest exchange Bitfinex. However, most of the community associates it with scandals, and experts express concern about the prospect of the coins development. Regardless, Unus Sed Leo is safely at the top of CoinMarketCap and has grown by 80%. In this article, you will have to figure out what this crypto-coin really is, find out the history of its origin and outline the prospects for further development.

About the Unus Sed Leo project

The first thing that specialists associate with Unus Sed Leo is a big scandal related to the creators of the coin. The fact is that the New York prosecutors office has indicted Bitfinex for concealing more than $ 850 million. This led to panic among users of other cryptocurrency systems, including bitcoin.

In turn, the managers of the Bitfinex exchange notified the community that the funds were not stolen, but temporarily frozen, and will soon be sent to the project. To regain customer confidence, its own coin was launched - the Unus Sed Leo. It is a component of the Leocoin system. The main task of this decentralized system is to store information about transactions carried out on clients personal computers.

The principle of Leocoin is the process of transferring funds from one participant to another without being controlled by the central authority of the system. This helps to eliminate unnecessary costs and commissions, but also significantly increases the risks of fraud. The blockchain has in its structure certain functions aimed at security, protects users funds, and also guarantees the safety of all information about transactions between them.

The main purpose of the token issue was to replenish the budget through profit. The management planned to spend 27% of the monthly profit on the purchase of tokens and burn them, and with the proceeds to close financial gaps in the budget. In case of failure, Bitfinex would cover the costs with the net profit from the project. In order to restore customer confidence, all information was posted on the site for free access.

Another direction was chosen to determine discounts on commission fees for owners of Unus Sed Leo coins. Discounts depend on the amount of investment in the coin. So, if there are more than 50 million usd in LEO coin, a 25% discount is provided on all commissions and exemption from exchange fees. The coin is moving into active use in new emerging services, providing cost-effective solutions for cryptocurrency owners. It can be considered a completely internal development of the exchange, on which profit can be obtained through the profitable sale of tokens when the rate increases.

Unus Sed Leo features and features

The Unus Sed Leo cryptocurrency can be classified as both a service coin and an investment one. As mentioned above, the manufacturer is going to redeem all coins from users. This can lead to a rapid increase in its value. At the moment, the exchange has not started buying the coins.

This approach generates user demand for the Unus Sed Leo. It is noteworthy that the issue of coins was carried out by two blockchains, of which the share of Ethereum is 65%, and EOS is only 35%. This enables LEO developers to work with the coin in two systems, if necessary, transfer cryptocurrency from one to the other.

At the same time, the standard features that are usually used in the blockchain cannot be applied due to the fact that the coin is considered highly specialized, designed to increase the popularity and image of the Bitfinex exchange. The main goals of such an unusual specialization of LEO for the cryptocurrency industry are called by the developers:

replenishment of the exchange budget;
providing additional services to investors;
progress in blockchain technology and cryptocurrency systems.
The possibility of increasing the rate is primarily possible by reducing the number of coins in the system when some part of the cryptocurrency is burned, which the owner himself will gradually buy back. All of these privileges allow developers to talk about stability and observe a high level of demand among the community relative to other known systems.

How UNUS SED LEO was created and how it works

The whole essence of LEO tokens is quite simple, this gives it a special uniqueness. Initially, the process of creating and distributing coins was very limited. No discounts and privileges were intended for any investor. Even the Bitfinex exchange itself did not get the cryptocurrency for free.

Management claims that the required launch amount was raised through contributions from domestic and foreign small investors, each of whom contributed at least $ 1 million. Some investment companies took on the main financial burden and paid the rest (over $ 100 million). During the period of exacerbated situations, the opportunity to purchase the Unus Sed Leo cryptocurrency was not available for some countries, in order to fully control the situation by the creators and fulfill the plan to repay the financial pit.

In order to regain trust and reassure users, an initiative was developed, according to which all changes will be transparent. This means that any user can get all the necessary information about the system and monitor the statistics of changes in the coin rate. The only drawback of the budget replenishment system is its deadline. According to experts, this process can take up to 50 years.

Unus Sed Leo mining and problems

The main feature of the cryptocurrency is that it is impossible to mine Unus Sed Leo under any conditions and circumstances. This can be explained by the fact that these crypto coins are issued only by the developers of the system. At the moment, all planned coins have been issued in full and are in circulation. It will not be possible to mine even with the help of PoS and PoW algorithms, because all crypto coins are sent to the sale process in a limited access mode. Tokens that have not yet been redeemed by the founder exchange continue to work in circulation.

Experts say the main problem of the LEO coin is the continuation of the proceedings with the New York prosecutors office. In case of suspension of the crypto coin, the price for it will drop to almost zero. However, the developers try to act within the framework of US legal norms, to avoid even minor violations. If the platform is confiscated, the $ 850 million in frozen assets will go to buy out Unus Sed Leo on the public open market.

An equally important problem of the LEO cryptocurrency is its vulnerability to token manipulation. Owners can lose their funds when using special programs, despite the well-built protection of the platform. This nuisance significantly affects the companys image and requires immediate settlement.

The only way to buy coins or sell them are cryptocurrency exchanges. The largest volume is on the exchange that created it - Bitfinex (about 75% of all capital). Both on this and on other sites, experts advise first to go through the verification of the account if the user is going to work with the LEO coin in the long term.

Unus Sed Leo strengths and weaknesses

According to the reputable source Etherscan, there are only about 2,000 cryptocurrency users. This suggests that it is convenient for developers when the capital of their project is concentrated in a limited number of individuals. Experts call the following advantages of the LEO cryptocurrency:

support for cryptocurrency by a popular exchange that has a high reputation despite legal proceedings;
positive dynamics of rate growth;
attracting traders with good motivational discounts;
no LEO emission, which excludes inflation;
developers using part of the profit to pay off debt.

Considering that the Unus Sed Leo has a non-standard purpose, its dynamics are quite stable and attracts large investors who, in the future, can help the cryptocurrency rise an order of magnitude higher. But nevertheless, it is worth identifying some of the disadvantages of the system:

there is no open access to communication with developers;
is the coin a tool for achieving user loyalty? has no other development ideas;
scandals around the founder exchange;
owners of cryptocurrency are confidential.
Almost all the disadvantages can be attributed to the extraordinary purpose of the cryptocurrency, but it is impossible to completely eliminate the consequences from them (loss of user confidence, a sharp decline in the rate).

The reasons for the change in the Unus Sed Leo course and the future prospects of the coin

When the coin entered the private sale, its value was $ 1. When the Unus Sed Leo entered the market, the price was already $ 1.15. Over time, the rate even rose to $ 1.35. At the time, the cryptocurrency was ranked a distant 271st in CoinMarketCaps ranking. Following the announcement of the listing procedure, Leo jumped sharply to 1.98. This figure remains the maximum on the day of this writing. The project capitalization exceeded $ 1 billion.

Unus Sed Leo entered the top 20 of the CoinMarketCap ranking. There are several reasons for this positive dynamics:

loyalty program;
image of the founder exchange;
interest of large investors.
The Unus Sed Leo correction phase, surprisingly, did not lead to a depreciation of the coin. All these reasons characterize the LEO cryptocoin as a stable and competitive unit at its level.

Many experts believe that the full potential has not yet dried up; it is definitely worth trying to benefit from this. The rate should rise noticeably if the dynamics do not undergo the consequences of the next correction. But throughout the entire time, it never sharply lowered the cost. Therefore, investments in this cryptocurrency are quite justified today.

Cryptocurrency exchange Bitfinex, as the creator of the coin, is also very interested in progress. She needs not only to compensate for the damage associated with the theft of funds, but also to restore the reputation of a reliable company. Developers confidentiality and unwillingness to engage in constructive dialogue with members of the entire cryptocurrency community can prevent developers from achieving these goals.

At the moment, the conflict with government authorities has not been resolved. The developers claim to have obvious advantages over bitcoin, but no actual confirmation has been provided so far. The facts are quite contradictory, the responsibility for the choice lies individually with the potential user of the coin.

Conclusion

Summing up, Unus Sed Leo can be characterized as an interesting and stable project, surrounded by several serious problems, without the solution of which the development prospects may significantly decrease.

According to experts, to achieve success in Unus Sed Leo, care and trading experience is required. Coins should be sold as soon as there are factors that indicate a sharp drop in its value. For newcomers, it is recommended to wait for the decision of the situation with the prosecutors office, only then invest in cryptocurrency. Traders who have been working with the exchange for a long time can get pleasant discounts for themselves on 5-10% of their investments in Unus Sed Leo from their capital. As in relation to other cryptocurrencies, the user is advised to make the decision on investing independently.