LEO · UNUS SED LEO
The Bitfinex exchange token
Fixed supply that only ever shrinks — no mint, and a 27%-of-revenue buyback-burn — but Bitfinex made trading free, so you no longer need to hold LEO to do anything, and exchange tokens carry no VC narrative.
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LEO · fixed supply that only ever shrinks.
LEO is the Bitfinex exchange token — ~920.20M circulating, with a fixed supply and no mint: no new LEO can ever be created, and a revenue-funded buyback slowly burns the float down.
Sell pressure. Zero. There is no mint, no vesting cliff and no treasury drip — supply cannot grow.
Buy pressure. A continuous buyback burns roughly 0.23M LEO over 90 days, funded by at least 27% of exchange revenue.
Net. About −0.02% off market over 90 days — supply edging down slowly, a small steady shrink; our supply monitor reads −0.035%, a gap of about 0.01 point.
- Continuous buyback-burn (July)~0.08MJul 31 2026 · removed from market
- Continuous buyback-burn (August)~0.08MAug 31 2026 · removed from market
- Continuous buyback-burn (September)~0.08MSep 30 2026 · removed from market
LEO has a fixed supply and no mint function — no new tokens can ever be created, so there is no protocol issuance adding supply.
LEO was fully distributed at its 2019 sale with no multi-year team, seed or treasury vesting, so no cliff reaches the market.
No public evidence of a discretionary treasury release in the window — monitored. The issuer holds no locked allocation that drips into circulation.
No bankruptcy estate or court-ordered distribution applies to LEO.
The issuer spends at least 27% of its gross monthly revenue buying LEO on the open market and burning it permanently, a slow steady deflation that removed roughly 0.23M coins over the last 90 days at the realized pace.
LEO is an exchange token, not a base-layer chain — there is no network base fee to burn, so this row is structurally zero.
No discretionary open-market buying outside the published buyback-and-burn — monitored. Recovered 2016-hack funds (80% of net proceeds, ~94,636 BTC being returned in-kind) are pledged to fund a large future burn, but that burn has not yet fired on-chain.
No new multi-year lock or escrow announced in the window — monitored.
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