Trend of Tokenization Series: A Glance Through IEO at Tokinex

An IEO replaces initial coin offering (ICO) in which a centralized exchange is responsible for vetting the token projects and investors, and then subsequently conducting the initial sale of the token. And Bitfinex’s IEO of $LEO has longer been a talk of the town, on the back of this, speculations of the pre-order getting oversubscribed were mounted in the recent past. The exchange made the announcement that Ampleforth would commence token sale.

Here comes the next authentic news that they have raised $4.9 million in 11 seconds in its AMPL token sale, as per the announcement on June 13th.

The initial exchange offering (IEO) has originally been initiated on Ethfinex and Hong Kong-based crypto exchange Bitfinex’s Tokinex platform.

Tokinex, run this IEO and reportedly sold off 10% of Ampleforth’s total token supply swiftly, which would be available to its initial investors sometime in the days to come.

In the recent past, on the back of security tokens being the trending talk of blockchain-driven innovations to conventional financial services, a token sale for Standard Tokenization Protocol (STP) announced IEO program on June 11th. The project briefs fundraising about $750,000 and sold out within eight seconds and it also offers an open-source, decentralized standard for the tokenization and issuance of any asset.

Currency Strength Index: FxWirePro's hourly BTC is flashing at 123 (highly bullish), hourly USD spot index was at 77 (bullish) while articulating at (11:28 GMT).

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