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Even though iFinex, the parent company of Bitfinex, has not published an official white paper for its offer of tokens, one of its shareholders has already issued pre-orders for the sale of tokens .
On May 4, Renrenbit, a crypto loan application founded by Bitfinex shareholder Dong Zhao, began taking pre-orders from users wishing to participate in the public phase of the next $ 1 billion chip sale of the exchange. ..
Zhao said that Bitfinex was aiming to list the exchange token, dubbed LEO, for the purpose of exchanging about a week after the end of the chip offer, and that Bitfinex and iFinex would not hold any LEO tokens.
According to Renrenbit's official Telegram channel, retail investors who have verified your customer's knowledge of the app already commit each up to USD 1,000 (USDT), with crypto stablecoin linked to the dollar American operated by Bitfinex affiliate, Tether.
Users with more than $ 1 million USD on Renrenbit, however, are considered qualified investors and will have no limitation as to the maximum commitment for pre-orders.
In particular, Zhao suggested that Bitfinex offer an exchange chip to resolve the $ 850 million freeze that had been frozen following a lawsuit by the Attorney General's office. from New York. The move also comes a day after Zhao disclosed through its Weibo account, a white paper project summarizing the offer of its LEO token by Bitifnex, which aims to raise $ 1 billion through a private sale that will close on May 10, after which a public sale will take place if it has not been realized yet.
However, we do not know yet when the public sale, if it occurs, should end. Zhao refused to share the number of pre-orders that his platform has collected since the start of the effort or the total number of chips his platform will offer on behalf of its users.
Bitfinex image via Shutterstock
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