LEOcoin (LEO)

Not the real Fiat Daily 133

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Not the real Fiat Daily posted on August 21, 2019 22:05:16

Although the name and ticker resemblance is unlikely intentional, this LEO coin has NOTHING to do with the Bitfinex' LEO token. I have not looked into this LEOcoin, however it looks quite suspicious to me right from the surface; simple ERC20 token that is supposed to be, according to their website, "an established digital currency that allows individuals to make fast and secure transactions Click here to see more... through a decentrali[z]ed peer-to-peer network. It's digital cash and works without the need for bank or transfer fees." The "established" part seems quite the misrepresentation and other than that, there is no innovation here, because you could just as well use bitcoin or even ethereum with exactly the same proposition, but better than this ERC20 token that adds nothing new on its own at least. One surprising detail, many ERC20 token projects eventually migrate to their own blockchain protocol/mainnet, however this LEOcoin apparently has migrated the other way around, from its own protocol to Ethereum's ERC20 token. EIther way, I am suspicious about this project, but do not know anything about it to make a well founded judgment. Mostly I wanted to point out to not confuse this one with the LEO token from Bitfinex.