UNUS SED LEO (LEO) – a transient cryptocurrency project
- Rank: 19th
- Capitalization: $3.73 billion
- Price: $3.79
- Volume: $1.46 million
The first of three tokens we’ll highlight today is UNUS SED LEO, a utility token applied across the iFinex ecosystem. The platform’s moniker is derived from a Latin citation from Aesop’s fables. If you hold LEO, the native token, you can use the cryptocurrency and save on trading fees on Bitfinex. The level of discount is determined by how many tokens a user holds, and prospective savings are spread across three phases. The tokens are prone to fluctuations, which depend on if the trading couple is two cryptocurrencies or between a cryptocurrency and a stable coin.
Launched in 2019, an interesting fact about UNUS SED LEO is that the platform is not meant to last forever. The project was helmed by iFinex. Crypto Capital, the entity that oversaw iFinex’s payments, became embroiled in a payments dispute with the government. The parent company of Bitfinex, iFinex seized the opportunity to create a platform for the sole purpose of recovering the funds that were lost. Hence, UNUS SED LEO will only function until the recovery process is complete. Moreover, LEO’s makers devised a plan where they would steadily buy back the token from users until circulation would cease. The team developed a transparency measure to ensure the community could track the initiative’s progress and ascertain that targets were being met.
Terra Classic (LUNC) – a serviceable stablecoin solution
- Rank: 42nd
- Capitalization: $1.15 billion
- Price: $0.000167
- Volume: $49.5 million
Terra Classic is a blockchain focused on fiat-pegged stablecoins to generate a global payments platform. The cryptocurrency’s whitepaper states that Terra merges the price steadiness and wholesale adoption of fiat currencies with the censorship-free characteristics of Bitcoin. The result? Users can enjoy streamlined and expedited settlements.
The project began in earnest in 2018, and Terra Classic’s mainnet was released in 2019. At the time of writing, Terra formally offers stablecoins linked to the United States Dollar, South Korean Won, and Mongolian Tugrik, with other currencies set to follow. The project was only given the title of Terra Classic after a rebranding took place in the summer of 2022, weeks after the crypto crash occurred. The native token, which was called LUNA earlier, was renamed Luna Classic or LUNC. The currencies mentioned above were categorized as Terra Classic stablecoins.
A prevalent theory in the market is that the word “Classic” was added as a reference to the divide between Ethereum and Ethereum Classic, although the rumor is unsubstantiated. The platform was conceived in 2018 by Daniel Shin and Do Kwon, who had the vision of accelerating the adoption of cryptocurrencies and blockchain technology by utilizing a price stability structure.
Big Eyes Coin (BIG) – a consummate decentralized finance service
A cryptocurrency is bound to survive as long as it meets a specific need. Big Eyes Coin (BIG), an emerging community token, is a prime example of a pragmatic solution. BIG is interwoven with decentralized finance. The project was created with the specific objective of transferring money into the DeFi space.
Additionally, the project has a less heralded ulterior motive. Big Eyes Coin will oversee the allocation of funds into a designated charity wallet. 5% of each transaction will be deducted, added to the wallet, and used for the preservation of the oceans. If token holders are keen, they can utilize non-fungible tokens to access special features like games and events.
- Total: 200 billion
- Presale: 140 billion
- Exchanges: 40 billion
- Charity: 10 billion
- Marketing: 10 billion
How to buy
Download MetaMask if you want to make a purchase. You may use your bank card or Ethereum tokens to buy Big Eyes Coin.
For more information on Big Eyes (BIG), you can visit the following links:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.