Just had a quick read over the upcoming BitFinex IEO whitepaper, here are the main points abbreviated: (I would love to share the actual wp with you all but it’s still only held by a select few people, but will be made public soon)
-
Show this thread
-
$LEO will play a vital role within the entire bitfinex ecosystem (ethfinex & eosfinex too) I believe they are basing the token off BNB. Meaning that with holding$LEO, you get access to lower trading fees, and there are different levels of discounts with the more$LEO you hold.pic.twitter.com/hKW3UmfWDY
4 replies 1 retweet 12 likesShow this thread -
It is said that atleast 95% of the unfrozen funds will be used to have a buyback-and-burn of the
$LEO Token, if they also manage to get back the previously hacked $bitcoin, at minimum 80% of it will be used to buyback and burn too. iFinex has upto 1.5y to do so.1 reply 0 retweets 5 likesShow this thread -
Other Benefits include: - Discounts when depositing and withdrawing funds. - Much lower fees when using the bitfinex derivatives platform and discounts when also taking out loans.
1 reply 0 retweets 4 likesShow this thread -
Of course there most likely will be changes and more information added with each iteration but this is what I can gather from the current version being sent out.
1 reply 0 retweets 5 likesShow this thread -
siber Retweeted The Block
siber added,
1 reply 0 retweets 9 likesShow this thread
The goodest boi. Front-running TheBlock for free.
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.