Many cryptocurrencies have unique names, but Unus Sed Leo (LEO) is one of the strangest you may ever come across. It is the utility token created for use across the iFinex ecosystem created by the exchange, Bitfinex.
Bitfinex is on a major global expansion, recently becoming the first-ever cryptocurrency exchange to receive a license in El Salvador. Despite this, its utility token has failed to rally leading investors to turn to the first-ever precious metal investment platform on a blockchain, Sparklo (SPRK).
The Hong Kong-based crypto exchange, Bitfinex this month became the first international exchange platform to receive a Digital Asset Service Provider in El Salvador.
Bitfinex now has Bitfinex Securities El Salvador – a fully-regulated exchange operational in El Salvador. In addition to crypto, the exchange will now issue and trade real-world tokenized assets like equities and bonds in El Salvador.
As the utility token of the Bitfinex ecosystem, many would have expected Unus Sed Leo (LEO) to start a major rally. However, held back by previous poor performances, Unus Sed Leo (LEO) has failed to convince investors.
Unus Sed Leo (LEO) which allows Bitfinex users to get a discount on trading fees is the only top 30 cryptocurrencies to be on a downward trading pattern since the start of the year.
Despite the start of a new bull cycle this year, Unus Sed Leo (LEO) has lost 5% of the value it opened in 2023 with. The bearishness of Unus Sed Leo (LEO) in a confirmed bull market has caused investors to turn to other assets including Sparklo.
Sparklo is a game-changing cryptocurrency project that is developing the first metal trading platform in the cryptocurrency market. Sparklo wants to make it possible for investors to buy fractions of precious metals including silver, gold, and platinum.
Sparklo is built around a revolutionary process, fractionalization, to address the pricing and accessibility concerns that hinder precious metals from being acquired.
Sparklo will allow investors to buy fractions of gold, silver, and platinum in the form of non-fungible tokens backed by physical assets. Sparklo has implemented various precautions, including a full reserve and smart contracts audit by the InterFi Network, as well as a Know Your Customer (KYC) audit, which will be received shortly.
Sparklo's presale is currently underway at a price of $0.015, with some market analysts predicting a rise of over 5,000x in the first year of its launch.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.