Trend of Tokenization Series: Bitfinex’s whitepaper sheds light on IEO of LEO token

Bitfinex’s IEO of $LEO has long been a talk of the town, on the back of this, speculations of the pre-order getting oversubscribed were mounted in the recent past. Here comes the authentic news that the exchange has finally released an official whitepaper, wherein, IEO of LEO token plan’s ‘what about and whereabouts’ have been divulged. LEO token happens to be a utility token.

iFinex, which is the parent company of Bitfinex crypto exchange released Bitfinex’s $LEO whitepaper very recently. The company intended to raise $1 Billion, 1 billion LEO tokens likely to be issued via Unus Sed Leo, a company based in the British Virgin Islands.

The report reads that; up to 1 billion tokens will be issued by the Issuer. The Tokens will be sold in a private offering outside of the United States without the means of general solicitation or general advertising. Any Tokens that remain issued may be sold in the manner and times determined by the Issuer in its sole discretion.

Nevertheless, the company began by noting the restrictions to the U.S persons and the US jurisdiction. It added that tokens will not be offered or sold in the united states or to the US persons and other prohibited persons.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 116 levels (which is highly bullish), USD is at 22 (bullish) while articulating (at 12:24 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex