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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. CryptoISO‏ @crypto_iso 6 Jul 2019

      Feedback welcome. If Bitfinex is burning 27% of gross rev of Ifinex of the previous month then it's currently under. 2018 $418m a year thats ~$34m a month 27% is ~$ 9m. July 14th will complete a month of burn. Current spend is ~3m. Big burn coming into month end? $LEO

      3 replies 1 retweet 5 likes
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    2. CryptoISO‏ @crypto_iso 8 Jul 2019

      Expecting nice burns to come through on $LEO This LEO has already been purchased which means it's waiting to be burned. Current burn for 7/8 is 84,962.9091 - trending back up nicely. 15 day average price is $1.80 LEO bought and burned last 15 days is ~1.13m tokenspic.twitter.com/fLDsV624BM

      1 reply 0 retweets 3 likes
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    3. CryptoISO‏ @crypto_iso 12 Jul 2019

      Expected burns happening. Burn rate since announcement is 547,307.59 LEO LEO burned from Ampleforth IEO revenue ~1.13 million LEO. Potential burn remaining from IEO revs 585,993.19 LEO. I'll be watching for burn rate to continue at this rate after the IEO revs are done.pic.twitter.com/LOqv2jNGxy

      1 reply 0 retweets 4 likes
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    4. CryptoISO‏ @crypto_iso 14 Jul 2019

      Update. Bit of a slowdown on the burn. Today will complete a full month of burn and so far ~3m USD has been spent burning ~2.5m LEO or 0.25% of supply. This is well shy of my estimates. Perhaps more revenue streams will increase it going forward. Need confirmation 1st.pic.twitter.com/ZPemsI5yD6

      1 reply 0 retweets 1 like
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    5. CryptoISO‏ @crypto_iso 14 Jul 2019

      Updated with current LEO burn metrics per @paoloardoino update. Unclear on the 40 day number as I thought it was previous month. Also, does the current update include the IEO revenues (Ampleforth) or is that only margin funding revenue?pic.twitter.com/x74hDprebv

      1 reply 0 retweets 1 like
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      Paolo Ardoino‏Verified account @paoloardoino 14 Jul 2019
      Replying to @crypto_iso

      Paolo Ardoino Retweeted Bitfinex

      Ampleforth revenues were burned already.https://twitter.com/bitfinex/status/1148154286423060482 …

      Paolo Ardoino added,

      BitfinexVerified account @bitfinex
      In line with our commitment to dedicate revenues to the redemption of LEO tokens, we are pleased to announce the use of 27% of past and future Tokinex IEO revenues to the purchasing of LEO tokens. For more information, please see: https://medium.com/bitfinex/revenues-from-tokinex-dedicated-to-leo-redemptions-e90316faa453 … pic.twitter.com/zQfw6cJVEq
      8:55 AM - 14 Jul 2019
      • 1 Like
      • lastbattle
      1 reply 0 retweets 1 like
        1. CryptoISO‏ @crypto_iso 14 Jul 2019
          Replying to @paoloardoino

          Thank you for clearing that up.

          0 replies 0 retweets 2 likes
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