LEO · revenue-funded burn, treasury unmoved.
Corporate-issued ERC-20 with no mint function. The only active flow is iFinex's 27%-of-revenue commitment — open-market LEO purchase then destroyTokens burn, which is structurally a fee burn in Buy #2. iFinex corporate treasury (~64.7M LEO) is the tracked overhang behind row #3.
LEO is a corporate-issued ERC-20 (iFinex). The contract has no external mint function — total supply only changes via destroyTokens (burns).
Single-tranche issuance in May 2019 (1B LEO). No vesting cliff, no team unlock schedule, no investor lockup.
No public evidence of release in window — monitored. §0.45.3.4 enumeration: iFinex corporate treasury ~64.7M LEO (985.24M total minus 920.54M circulating; treasury balance has not moved in the trailing year, no published deployment schedule). iFinex corporate is distinct from Bitfinex custodial / depositor balances — those are excluded per the §1 source-ledger exchange-custodial rule; the corporate treasury is tracked here.
No active bankruptcy claim on LEO holders. The 2016 Bitfinex hack recoveries flow TO the LEO buy-and-burn (Buy #2), not the other way.
iFinex's revenue programme is buy-and-BURN (destroyTokens), not buy-to-wallet. Captured in Buy #2 instead of Buy #1.
27% of iFinex consolidated gross monthly revenue is committed to open-market LEO purchase + destroyTokens burn (LEO whitepaper). Programme is rule-based; pace scales with iFinex revenue. Recent observed pace via on-chain supply delta.
iFinex IS the corporate buyer; the buy-and-burn in row #2 is the entire buy-side mechanism. No separate Foundation accumulation programme.
No staking / lockup programme on LEO. The destroy-side mechanism in row #2 is permanent removal, not a temporary lock.
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