Bitfinex 2018 Net Profit to Reach $404M

It should be noted exchange's staff is less than 100 people
07 May 2019   1444

Already known to the community shareholder of Bitfinex Zhao Dong again shared exclusive information about the exchange. Thus, according to him, the net profit of the trading floor in 2018 was $ 404 million, and shareholders received dividends totaling $ 261 million, reports 8btc with reference to correspondence in the Chinese messenger WeChat.

Bitfinex' 2018\2019 Profit
Bitfinex' 2018\2019 Profit 

Note that the staff of the exchange doesn't exceed 90 people. This fact was very impressed by the head of the Huobi exchange Leon Li.

(less than) 100 employees earn $326 million! Can’t calm down (from these outsatanding figures), I’ve found a new goal.
 

Leon Li

Head, Huobi

Bitfinex net profit in 2017 amounted to $ 326 million; shareholders then received payments totaling $ 246 million.

At the moment, according to Zhao Dong, Bitfinex is already conducting a closed stage of IEO of LEO tokens, during which it intends to raise $ 1 billion in USDT to solve all the problems associated with freezing the company's funds worth $ 850 million in accounts of Panamanian Crypto Capital, located in four countries.

As reported, Dong himself, through the RenRenBit landing platform, is already accepting applications for participation from retail investors.

It is noteworthy that, according to estimates by the Prosecutor General’s Office in New York, Bitfinex has already taken a loan of $ 750 million from the reserves of Tether Limited.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1029

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.