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   905

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.

P. Durov Called to Testify in SEC vs Telegram Case

To testify, Durov will choose the date of January 7 or 8, 2020 and the address agreed by the participants in the process
26 November 2019   218

Telegram founder Pavel Durov and two company employees must come to testify during the current trial with the US Securities and Exchange Commission (SEC), CoinDesk writes referring to a document signed on November 25 by Judge Peter Kevin Castel of the New York Southern District Court. .

According to the document, to testify, Durov will choose the date of January 7 or 8, 2020 and the address agreed by the participants in the process. The main meeting at which the legal status of the Gram token will be decided is still scheduled for late February.

Also on December 16 in London, testimony should be given by Telegram Vice President Ilya Perekopsky, presumably responsible for contacts with investors during tokensales. The third person called to pre-testify on December 10 in London is Syam Pareh, a Telegram employee, whose name is indicated in the documents for investors.