Bitfinex’s sale of LEO tokens in an IEO has been circulating the crypto community for over a week now. The sale which was taking place behind closed doors and only to private investors was publicly disclosed after the whitepaper surfaced. However, in a blog post published by on May 10, Bitfinex talks about the private sale of LEO tokens.
Bitfinex’s blog clarified that it aimed at pushing away the FUD and rumors regarding the IEO and provide more insight into the goal of the IEO. The blog stated:
“A newly formed subsidiary of iFinex, Unus Sed Leo Limited (USL), commenced on May 8, 2019 to sell up to 1 billion USDt of newly created UNUS SED LEO tokens in a private sale to selected purchasers meeting the qualifications described in the token sale documentation.”
In addition, the blog also mentioned that the LEO tokens will be “intended to be the utility tokens at the heart of iFinex ecosystem”. It also clarified a very important detail: the tokens will not be offered to the general public, or any person and/or entity in the U.S., Canada, and other jurisdictions, which are mentioned in the token sale documentation.
The blog also explained that the token holders could, in the future, obtain benefits from “future iFinex projects, products, and services”. Additionally, tokens sales are expected to be completed in the next 7 days.
The post Bitfinex finally breaks silence about their private sale of LEO tokens appeared first on AMBCrypto.