Bitfinex launches real-time transparency initiative for its exchange token LEO

Bitfinex announced Friday it has launched a transparency initiative for its exchange token LEO.

The LEO Transparency Initiative was built around a real-time token burn redemption mechanism. Bitfinex is implementing a continuous burning mechanism, which will buy back LEO from the market every hour. The firm will use 27% of the consolidated revenues to purchase LEO tokens at market value until all LEOs are removed from circulation.

Original source
https://www.theblockcrypto.com/tiny/bitfinex-launches-real-time-leo-transparency-initiative/?utm_source=rss&utm_medium=rss&utm_campaign=default

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