LEO Token (LEO)
Unlock Schedule
LEO Token (LEO) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the LEO Token (LEO) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence LEO price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
LEO Token tokenomics were built around a deflationary model:
- Initial supply: 1,000,000,000 LEO, issued via a private sale (1 USDt per LEO). (prnewswire.com)
- Ongoing buyback and burn: A minimum of 27% of iFinex’s consolidated gross revenues are used to purchase LEO at market rates and burn it on‑chain. Tokens used to pay fees on Bitfinex may also be burned. In addition, recovered funds linked to historical matters (e.g., Crypto Capital and the 2016 incident) are earmarked—95% and at least 80% respectively—for repurchases and burns. These burns continue until all tokens are redeemed. (prnewswire.com)
Utility spans the Bitfinex suite and, increasingly, Bitfinex Securities:
- Trading fee reductions on Bitfinex: Holding LEO in your account over the previous 30 days qualifies you for tiered taker‑fee discounts on crypto‑to‑crypto and crypto‑to‑stablecoin pairs (15% at Level 1; 25% at Level 2; with additional basis‑point reductions at Level 3), plus reductions on selected crypto‑to‑fiat and derivatives routes. (blog.bitfinex.com)
- Lending/funding fee reductions: In Bitfinex’s P2P funding markets, lenders receive a 0.05% fee discount for each 10,000 USDt equivalent in LEO held on average over the prior month, capped at 5%. (support.bitfinex.com)
- Deposit/withdrawal perks: High‑tier LEO holders can get up to 25% off crypto withdrawal/deposit fees, with extra fiat withdrawal allowances at very large LEO balances. (support.bitfinex.com)
- Affiliate multipliers: Bitfinex’s affiliate program offers commission multipliers based on referred users’ average LEO holdings. (okx.com)
- Securities‑venue discounts: Bitfinex Securities mirrors the LEO discount tiers for tokenized asset markets it operates under local regulatory regimes. (bitfinex.com)
This structure creates a simple link between platform activity and supply dynamics. While the site displays fresh metrics elsewhere, understanding the mechanism helps explain why LEO price narratives often discuss trading volume, platform growth, and monthly burns together. (medium.com)
Assumptions
- Use genesis total supply (1,000,000,000 LEO) for allocation percentages.
LEO employs an ongoing buyback-and-burn that reduces outstanding supply over time; the release chart models how tokens entered circulation, not subsequent burns.
- Genesis/launch date taken as 2019-05-22 for circulation start.
Press release and Bitfinex materials indicate token launched and became tradable around May 22, 2019; private sale concluded earlier in May.
- Tokens originated on multiple chains and are inter-convertible; this does not constitute separate release mechanisms.
LEO was issued across Ethereum and EOS at launch and, as of 2025-06-18, EOS tokens were rebranded to Vaulta; these are transport layers for the same supply.
- No PoW/PoS, liquidity mining, or protocol-level emissions exist for LEO.
Whitepaper and official docs describe utility benefits and a deflationary buyback-and-burn; no inflationary issuance or reward programs are specified.
- 1. https://www.bitfinex.com/wp-2019-05.pdf
- 2. https://support.bitfinex.com/hc/en-us/articles/360023342674-Unus-Sed-LEO-LEO
- 3. https://www.prnewswire.com/in/news-releases/bitfinex-presents-unus-sed-leo-transparency-initiative-826690241.html
- 4. https://medium.com/bitfinex/bitfinex-presents-unus-sed-leo-transparency-initiative-4d94ebf95356
- 5. https://etherscan.io/token/0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3
- 6. https://support.bitfinex.com/hc/en-us/articles/360023617554-Unus-Sed-LEO-Token-Conversion