Bitfinex issues IEO white paper, tokens will be bought back after $850 million funds unfrozen144

Bitfinex will issue an initial exchange offering (IEO) that aims to raise $1 billion, according to an excerpt of the Bitfinex IEO white paper posted by the company's shareholder Zhao Dong. The final version of the white paper is still subject to change.

Bitfinex's exchange tokens, named LEO, will be first offered to private investors, then subsequently opened to the public after May 10 if there is any allocation left, according to the white paper. According to Zhao Dong, Bitfinex already raised $600 million in private but only verbal commitments.

Original source
https://www.theblockcrypto.com/2019/05/04/bitfinex-issues-ieo-white-paper-tokens-will-be-bought-back-after-850-million-funds-unfrozen/?utm_source=rss&utm_medium=rss&utm_campaign=default

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