BFX IEO Round 1 on ProBit Exchange sells out in just 90 seconds!

Bitfex Exchange
Bitfex
Published in
3 min readAug 26, 2019

The first IEO round of BFX, IDAP project’s rebranded token, went live today, August 26, 2019, at 3 AM GMT. The BFX in this round, sold out in just one and a half minutes, showing the high demand among the community!

Many who may have missed out on round 1 will get a chance to participate! The second round of the IEO will go live on ProBit exchange on 30th August 2019 at 6 AM GMT.

About BFX

BFX is an ERC20 token that powers IDAP Ecosystem’s exchange, Bitfex. The tokenomics of BFX have been designed to transfer maximum value from the business to the token holders.

There are several benefits of holding BFX:

  • For Retail Traders: HODL a minimum number of BFX and get rewarded with Zero-Fee Trading
  • For Institutional Clients: HODL BFX and get rewarded with Free Master Account
  • USE BFX to pay trading fees and get 50% discount
  • HODL BFX and get free access to the desktop trading application
  • HODL BFX and get early access to various exchange events, referral programs and more

BFX additional features:

  • Dis-inflationary in nature: BFX equivalent to 20% of revenue will be burnt till supply reaches 500 million BFX
  • BFX priced at a minimum of $0.03 while calculating trading fees

Benefits for IEO Participants

  • BUY & HODL 100,000 BFX and get commission-free trading
  • 42% Bonus for participants buying using PROB
  • 40% Bonus for participants buying using USDT, BTC, ETH or XRP

About IDAP

IDAP is the first complete crypto derivatives ecosystem, whose exchange Bitfex will go live on bitfex.com, introducing users to low-risk trading instruments like crypto spreads and butterfly, along with a highly advanced desktop trading platform that sports the revolutionary point-and-click ladder trading interface. Through its institutional grade infrastructure, diverse product line and trader-friendly platform features, the IDAP ecosystem will attract traders and investors of all kinds to its exchange.

About ProBit

ProBit is a global exchange that offers fast and reliable trading engine and hardware security keys that match more than 1. 5 million orders per second and only provides the users with promising, qualified, and worthy investment cryptocurrency projects.

ProBit recently established the Korean branch to support KRW transaction.

ProBit Global: www.probit.com
ProBit Korea: www.probit.kr

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Bitfex Exchange
Bitfex
Editor for

The First Complete Crypto Derivatives Exchange.