Distribution Of Bitfinex’s Leo Tokens After $1 Billion Private Sale
Leo Tokens have been distributed and will be listed on Bitfinex beginning Monday.
Leo is a new utility token that was funded through a private sale by Bitfinex’s mother compay iFinex; the private sale raised $1 billion.
Once listed in Bitfinex it will be traded against BTC, USD, USDt, EOS and ETH.
It seems that the LEO tokens has pretty much copied the concept of Binance’s BNB from the benefits tokens holders have: buybacks, burn policy as well as preferential treatment in any future token sales held through the exchanges Initial Exchange offering (IEO).
Being able to raise $1 billion in the middle of the New York Attorney’s General accusation seems to confirms the underlying trust in the company which has not tried to hide any facts about the recent misfortunes.
Why is Steem not able to be traded in dollars?