Revenues From Tokinex Dedicated To LEO Redemptions

Set proportion of revenues from IEO platform used for LEO token burns

Bitfinex
Bitfinex
Jul 8 · 2 min read

On May 21st we unveiled Tokinex, our native IEO platform allowing verified users to take part in carefully curated token sales from exceptional cryptocurrency projects.

Tokinex has, to date, seen the highly-successful completion of the Ampleforth IEO, which is to be followed by the excellent Ultra.io token sale taking place on July 16th, 2019.

In line with our commitment to UNUS SED LEO holders of dedicating revenues to the redemption of LEO tokens, we are pleased to announce the use of 27% of past and future Tokinex revenues to the purchasing of LEO tokens.

Over the course of the previous 15 days we have purchased outstanding LEO for 27% of the revenues generated by the first Tokinex IEO, Ampleforth. These LEO will be added and burned, as showcased via leo.bitfinex.com, in the following hours.

More UNUS SED LEO fee benefits are set to go live over the course of the coming weeks and we remain committed to growing the range of advantages for traders on Bitfinex. For an overview of all scheduled utility benefits, please refer to the UNUS SED LEO whitepaper.


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Bitfinex is the world’s leading cryptocurrency trading platform.

Bitfinex

Bitfinex

Announcements, developments & industry insights from Bitfinex