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The crypto-currency exchange behind Tether is selling its own exchange token, dubbed LEO, in a private sale and will be launching its own leveraged trading functionality and platform for other projects to do their own IEOs (initial exchange offerings).
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Elsewhere in the white paper, the exchange also lists forthcoming projects, including a derivatives product. “The product will have USDT-based collateral (unavailable in the rest of the market), up to 100x leverage and isolated margin for individualized risk level,” it says.
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