Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   679

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.

Bitfinex to Unveil First Tokinex IEO

Ampleforth is going to raise 645 BTC to develop a stablecoin called AMPL with an algorithmic reservation model to ensure the stability of its rate
24 May 2019   71

Bitfinex Cryptocurrency Exchange reported the details of the first initial exchange offering (IEO), which will be held on June 13 at the new Tokinex platform launched jointly with Ethfinex.

Ampleforth will conduct an IEO, which is developing a stablecoin called AMPL (Smart Commodity Money by its own formulation) using an algorithmic reservation model to ensure the stability of its rate.

Ampleforth expects to attract 645 BTC (about $ 5 million at the current exchange rate). 5 million AMPL or 10% of the total token emission will be available for sale on IEO.

AMPL Token Distribution
AMPL Token Distribution

The minimum investment amount per user will be $ 20, the maximum - $ 10,000, while investment will be made exclusively in Bitcoins. AMPL Exchange promises to distribute the acquired tokens AMPL exchange within one week after the end of the campaign.

It should be noted that to participate in the upcoming IEO, potential investors need to pass KYC identification through the Blockpass application, providing a passport and a document confirming their residential address.

Users from the USA, Ukraine and Belarus are not allowed to participate in IEO.