The name leet stands for "linux exquisite encryption tool", it will be a software application for on-the-fly encryption, similar in its functionality to TrueCrypt.
The goal of leet however is to be simpler and as user friendly as possible, making encryption and securing of information accessible to anybody, even those who don't necessarily have any prior knowledge of data securing, algorithms and encryption. However it's not targeted at this group of users only, part of the ambition of this project is to reach companies, institutions, governments (etc...) as well.
For a more complete description of the leet project, it has been decided to link the Sourceforge pages describing the software application as well as the encryption algorithm to be used, here: https://sourceforge.net/p/home-of-leet/wiki/browse_pages/
The source code of leet, that we have progressed on so far can be found here: https://github.com/CCExCompany/leet
Work has started on this project as of 25/11/17.