Crypto-exchange Bitfinex continues to move on from last month’s Tether cover-up accusations, announcing the distribution of its new utility token. Parent iFinex, who raised $1 billion through the private offering, will list the token on the exchange from Monday.
Bitfinex: Another Cryptocurrency Exchange Utility Token
Well if everyone else is doing it… Binance certainly seems to have done very well out of BNB, so why not emulate?
Bitfinex is proud to announce the upcoming distribution of UNUS SED LEO tokens to participants following completion of $1bn contribution.https://t.co/JkGiq2Bn6k
Trading against BTC, USD, USDt, EOS, and ETH will commence on Monday May 20th, at 08:00 UTC on Bitfinex.
— Bitfinex (@bitfinex) May 17, 2019
And it seems like Bitfinex very much has emulated Binance’s BNB. From the benefits offered by the UNUS SED LEO token, to the buyback and burn policy. Holders of the token will benefit from reduced fees across pretty much the whole Bitfinex (and wider iFinex) ecosystem.
It is likely that holders…