Bitfinex to Relaunch IEO Platform

New platform, called Bitfinex Token Sales, will focus on the long-term prospects of projects, and not on the short-term results of tokensales
25 September 2019   735

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.

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   954

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.