Bitfinex joins the IEO token sale model with its proprietary platform, Tokinex, as announced on social media. Bitfinex is late to the IEO party and only launched Tokinex after issuing its native token, LEO, to ensure liquidity.
“Tokinex allows qualified users to discover and participate in carefully curated, pre-vetted token sales from new and exciting projects in the crypto space,” announced Bitfinex.
The first token sale is expected later on Wednesday, with users urged to complete a know-your-customer (KYC) procedure with the BlockPass app before registering for tokens. Bitfinex has promised to immediately list the successful IEOs.
The Tokinex platform arrives at a time when Bitfinex and Tether, both related to the iFinex company, are fighting for their reputation. During the investigation...