The Bitfinex cryptocurrency exchange has restarted an IEO platform with an updated structure and technology called Bitfinex Token Sales. The previous iteration of the Tokinex site ceased operation after Ethfinex's separation from the exchange, The Block reports.
According to Bitfinex CTO Paolo Ardoino, the company has changed its approach and technology for conducting IEO as a result of monitoring the exchange of tokens on other platforms. Bitfinex Token Sales will focus on the long-term prospects of projects, and not on the short-term results of tokensales, Ardoino said.
Holders of a certain number of UNUS SED LEO coins will receive additional opportunities in future sales of tokens on the site, the company said in a blog.
The platform is denied access to residents of several jurisdictions, including the United States.
The first Bitfinex Token Sales project will be the sale of the K! M tokens of the digital content monetization platform created by Kim Dotcom. The dates for IEO K! M have not yet been announced. Bitfinex is confident that the token is not a security and its sale for digital currencies complies with all the rules.