Bitfinex launches updated IEO platform

Posted 25 September, 2019

Bitfinex has reportedly restarted operations at its IEO platform after structure and technology update. The previous platform Tokeniex was shut down just after splitting from Ethfinex.

The company representative commented on the blog post that the new platform will be called Bitfinex Token Sales. It will be focused on long-term project outlook rather than near-term results of token sales.

"We are excited to unveil Bitfinex Token Sales, comprehensive digital assets offering and launch solution for high-quality crypto projects. From today, Bitfinex Token Sales will replace our current IEO platform, Tokinex," reads the report.

Notably, the platform will be closed to the USA and some other jurisdictions.

''Offers and sales of tokens through the Bitfinex Token Sales platform will not be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws..." the company explained in the press release.

Bitfinex stated that holders of UNUS SED LEO coins will enjoy extra opportunities in the future token sales.

The Bitfienx Token Sales will launch sales of K!m project that is designed for digital content monetization. However, there is no information about the sale date. The company is confident that the token is not a security, so its IEO will not break any of the existing laws.

As Bitfinex noted, this is the first out of three-part press release about the platform. More details are expected to be released in the near term.

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