Categories: Exchanges

Bitfinex’s CTO: Bitfinex has raised $1 billion through LEO token in a private sale

Bitfinex’s CTO: Bitfinex has raised $1 billion through LEO token in a private sale

Paolo Ardoino, Bitfinex’s chief technology officer‏ tweeted on Monday that Bitfinex has achieved the target in just 10 days, with participation from “giant” firms from both within the cryptocurrency industry and outside. The funds were collected in the form of USDT, the stablecoin operated by the closely-linked firm Tether, according to the tweet.

He further adds:

Why? Because they know we are trustworthy, they recognize what we have been doing (without needing us bragging about it publicly) and they want us keep fighting for the industry whole. Their own words. Thank you everyone for the amazing support we got. We are impressed.

Bitfinex will be aunching a dedicated exchange platform for projects to raise funds via similar initial exchange offerings (IEO) next month.

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

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