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LEOcoin (LEO) provides users with an opportunity to perform financial operations in a confidential manner. This is a decentralized network that works without any interruption of banks, therefore users are not required to pay any fees when making transactions. The main focus of LEO is making money transfer affordable and confidential. The highest level of users’ anonymity is reached by means of ring-of-trust technology and encryption. This is an open platform that relies on the blockchain.
LEOcoin was created in June 2014. This cash has gained popularity among entrepreneurs due to the financially-savvy, fast and secure transactions. The creators of LEO are LEOcoin Foundation, a group of enthusiasts who devote their efforts to implementing the new vision of business deals and financial operations in the traditional system.
The project is extensible and open for everyone; therefore, users can both benefit from the services and take part in the development process. The chairman and the main supporter of the company is Dan Anderson. He believes that the absence of transaction fees is a necessary step towards the development of young companies.
LEOcoin is following the idea of the world money. Therefore, company’s engineers work on combining the programming development with an internationally accessible infrastructure and vast knowledge in business.
LEOcoin focuses on the constant development of their main idea – an anonymous financial system with no charges. They provide users with a wallet with two addresses. One of these addresses is private and the second if open.
The ring-of-trust technology makes and affirms transactions within the blockchain without displaying the address of the sender. Also, LEOcoin network provides users with a unique opportunity to have private dialogues.
The LEOcoin’s system is made to change the way business is traditionally finished. The project is mostly focused on improving the individual experience of small businesses in making financial deals. As there are grounded institutions and authorities that get in people’s direction, LEOcoin believes that this traditional scheme can be rebuilt.
The daily trading volume of LEO is about $6 559. There are 90 million coins available for use and the cash limit is about 100 million. The current market cap of LEO reaches $20 381 140. In September 2017, the price for this token was $0.544. Today the price is $0,200319 per coin.