Bitcoin Forum

The Bitfinex trading platform announced on Friday 17 May that they have plans to authorize the trading of the LEO coin on May 20.

What do you think about this and whether LEO has the potential to grow like BNB? Let's discuss it together

LEO are also a buyback scheme so it could be profitable if bought in the ICO but again we know what bittrex is going through and why it issed the coins at this time.
With its funds frozen by many authoriites and it's Tether lablled as scam by many, this could be the exit plan for the famous site.
If you have an positive attitude, bitfinex still seem to be a profitable business and it's buy back would surely make the price of coin rise.

Of course, Bitfinex is a large and long-standing exchange in this market. They are the first company to put the stable coin concept into the market, LEO has quickly raised $ 1 billion to show that LEO's potential is huge.

well, this token very interesting.
have a high enthusiasm from people,as far i see the data based on ico drops the fund raised is 100% so that be 1bln usd
what a huge money, no one like this before as far i know,and it came from private sale.

about the topic, we still cant see its going to bnb V2,altough like that, about sale very private i think the team choose the huge investor for avoid some collapse.
and more interesting fact its total token is pure 100% so that mean no team or company will hold the token,also as i see on whitepaper,no lockup period.
so lets see what will happen next.

LEO and BNB are very serious cryptomonettes with great potential.  Bitfinex and Binance are world-famous cryptocurrency exchanges.  Today it is difficult to make any predictions about who will take the leading position.  Time will tell.

Bitfinex asks 25k $ for opening an account which is impossible for most of us.

Even it has huge potential, it is beyond my reach. But if the change their policy, i would like to buy some.

1 billion dollars???

That is overkill.

It has potential but bnb was great because it started with a small market cap. Also i don't trust bitfinex at all for their shadiness with tether.

Bitfinex has a shaky past but also one of the biggest crypto exchanges. I can't be sure to invest or nut but let's check their cons and pros.

Pros:

They are one of the biggest crypto exchanges,
Token has a buyback/burn scheme which will constantly drop circulating amount.


Cons:

They have a shaky history mostly about tether which was backed %75 if i remember correctly.
They raised too much money and the token will have a huge market cap already.
25.000$ portfolio for opening an account.

LEO can´t hit BNB market cappitalization because BNB coin is a coin and will be used on Binance Chain and as a fee on Binance DEX. While LEO token is another token created in a hurry to cover Bitfinex losses.

I don't think BNB coin is valuable because of binance dex. Their value comes from ieo success (which i also getting pumped from cz and i think it will burst at some point) and bnb hold is a must to join that ieo's. Most of the traders holding bnb for paying less fees. But the value comes from people who want to take a piece of ieo's, 100 bnb means 1 ticket. Binance dex is promising but not a sure thing. So far volume is very low and also we don't know it will be a success or not. I agree LEO sale is for covering losses but it doesn't need a dex for becoming valuable.

Why I should buy LEO? Holding LEO tokens generate a passive income, or they offer token burning? If yes, then it could have real value backed by Bitfinex´s profit.  :)

Of course, considering how much money they donated, then of course there will be a lot of excitement around this token and the price will go up considerably. You just need to find an entry point and just buy them for a long time since this token has a great potential for development.

LEO is new and yet to get the exposure and demand that binace coin has. It's a relatively new coin and don't have much capitalization yet so the comparison is not necessary. It's only until it starts getting popular and the market demands for it with IEO coming on board with massive success. Then can it start moving up. Not even getting near BNB this year and even the next. So Kuch goes into Exchange coins.

Why not? Most likely it could happen like the BNB. We know that Digifinex is also an active exchange and has a large volume. But it will take quite a long time, possibly above 2020. That's according to my analysis and theory.

How do you figure that? I found a way to buy LEO on a smaller exchange with a good price with zero KYC. My only fear is that it will never get listed on binance, or any other big exchange because of KYC or something. But I think overall its going to go up, especially once they start buying and burning the tokens.

well, on this cases , its same like EOS and TRON also XLM dex.
still have no good future. recently i buy some their token on their dex exchange, and walla .
whales scared me.


as far i know , yes indeed.
they have schedule about burning events on ifinex.
"On a monthly basis iFinex and its affiliates will buy back an amount of LEO from the market
equal to a minimum of 27% of the consolidated gross revenues of iFinex from the previous month, in perpetuity until no tokens are in commercial circulation. Repurchases will be made at
then-prevailing market rates. LEO tokens used to pay fees may also be burned"

Just look at the capitalization of the leo project and you will understand, that it is unbelievable to have as strong growth as BnB. But I also don't like BnB as well as CZ

what are the main advantages of LEO token ?

It works for fee reduction while trading or withdrawing and ieo's would be joined with it. They are strictly copying bnb's features it seems. Also, like binance they will buy some with their profits and will burn them so supply will drop.

This is just like comparing both exchanges or rather the team within both exchanges. Taking a look at Binance, you will agree with me that the team is up and doing, with that in mind, LEO from Bitfinex will have or be better than BNB is the team puts in extra effort to make sure the goals and objectives are met. The space is now competitive and only the best keeps gaining attention.

I think potential was leo is huge coin to hold but as a project bitfinex has to clear itself from usdt spending controversy and they should accept their mistake and move forward and should be careful from now on to not use investors fund in any way without the consent and public update.

Both coins should be worth little, since have little use and also carry high risk.

I am agree, if bitfinex team could increase their effort to make sure the goals, i am believe they could compete with BNB Coin. Binance exchangers is biggest exchanger right now and i think bitfinex or others could compete if they increase their service and give assurance on customers funds

Binance as exchangers already doing a great job, in just a few years, binance become biggest exchangers in crypto world. With binance launchpad and DEX, i think its need long time for LEO to compete with BNB Coin.

This is not true. There are no account equity minimums to start trading on bitfinex. I believe you do need a verified account to buy LEO via bitfinex.

The primary advantage of LEO is the fee reductions for trading, and lending on bitfinex. Bitfinex will also use 27% of profits, and the majority of money recovered from the 2016 hack, and from Crypto Capital to buy back LEO tokens at market prices.

Wow first time i hear about this. Those will make us difficult to buy if we dont have enough asset. As i know BNB start with low price and now the price rising. I think BNB still best from all of them even LEO from Bitfinex.

Bitfinex is a big exchange since before Binance was born. The fact that in just a short time it raised $ 1 billion showed great vision and trust from investors

i think it is great and will promote Bitfinex. i wonder how they got entangled with tether. LEO has all it takes to match up Binance BNB. although. binance is the leading cryptocurrency trading platform, they might not control the market for Long.

I doubt whether the Bitfinex exchange has long lost its leading position and continues to lose ground. Although this is one of my favorite exchanges, but the development on it is too slow, and this is not acceptable for the current realities of the crypto market.

I do not believe that any token can be a potential competitor of BNB, because this coin combines a really working thing behind. Binance is one of the most popular exchanges and with its dex and margin trading they are going to make it even bigger.

I actually never heard about the LEO of a thing in bitfinex but if it is a utility token like bnb for bitfinex , that is good move but am not sure it can beat the race in which BNB is doing so it might also take share if the market but definitely not up to the bnb part and what bnb has done in the market .

its depends with the management from coin itself, if hodler from LEO coin will get a huge benefits just like if we hodl bnb in binance, i think yes
but if not maybe this coin will not become the next bnb mate

No, it is completely bullshit. market cap is too high compared to bnb at the beginning, so there is no potential for multiple X growth. Moreover IEOs on bitfinex always fail

I dont think so LEO can succes like bnb, with binance volume and supporter IEO on binance is rapidly growth, project is being selected to get listed in there, its too late for bitfinex doing like binance

I think yes cause bitfinex is big and have a big investor.
And Leo can make it to $1B right? That means investor is very serious and believe with his project.
But maybe will take time to get high as BNB

We don't really know that for sure but judging from how big they are in crypto market, it's like that the LEO coin might as well have the potential to grow big, but I don't think it will be to the extent of being able to challenge the BNB coin. Bitfinex is a big exchange, I agree with that but I don't think it is as big as binance. Binance is bigger than bitfinex so their coin (BNB coin) should as well be bigger than that of Bitfinex coin (LEO Coin). Well… one thing I have always noticed about cryptocurrency is that they are always unpredictable

I Don't know, but bitfinex have a serious problem about 800Million USD loss from USDT and unsolved until this time.
They said, LEO have $1B raised money from private selling, and this is not transparent.
LEO : Ethereum Token
BNB : Mainnet Coin

Well, LEO project is a solid project on its own, but I do not know how it will fair in bitfiniex because of the issue on ground with them, I do not think it was wise for LEO to go on bitfiniex at this time but if we still consider the temporary volume bitfiniex has, I think for the main time, there is still chance of it doing perfectly well.

Anyway, I believe the team of LEO know what they are doing and they have gone so far for them to have raised such amount of money, and I think the price of this token can also meet up with that of Binance, but when it comes to what is being offered, I don’t like comparing that much because they a; have their own separate functions.

Of course, there is such a potential. But BNB has more of it. Since it was the first in this sector of cryptocurrency. That means something. Do not expect a sharp jump in prices, it will be smooth.