Coingape - 5/17/2019 7:17:09 PM - GMT (+0 )
The latest post by Bitfinex crypto exchange reveals that they’ll list its newly announced utility token ‘UNUS SED LEO token’ on its platform on Monday, May 20, 2019.
Although Bitfinex and Tether was the hot topic earlier due to the shortfalls of USDT funds and the lack of stablecoin feature, the growing demand for LEO token since its announcement brought the most appealing scenario for cryptocurrency exchange.
Bitfinex confirms LEO token listing via its official blog on May 17, 2019. It states that the LEO trading on Bitfinex will begin at 8:00 UTC at the start of the upcoming week, Monday, the May 20th. Initially, the token will be paired against BTC, USD, USDT, EOS, and ETH.
The platform had earlier introduced the whitepaper of its LEO utility token on May 10th and according to the reports, the exchange has completed LEO token private sale successfully. As a result, Bitfinex was able to raise one billion USDT worth of Bitcoin, USD, and USDT.
At the moment, nothing more about who bought the tokens in closed fundraising campaign was revealed but it stated that the response was overwhelming.
“The overwhelming response and expedient execution of the token sale represents a new milestone for Bitfinex and the greater Blockchain community,” the post said.
As for now, Bitfinex has fortunately raised expected USDT through its Initial Exchange Offering (IE)) of LEO token. Nevertheless, the listing and trading in pairs of limited coins will commence at the start of next week.
Let us know what do you think of Bitfinex’s success of raising one billion USDT through LEO token sale.?
Image source – Bitfinex blog