, 9 tweets, 4 min read Read on Twitter
Latest news: #bitfinex token will be named LEO, it’ll be a hybrid model of #bnb & #bfx
In addition to the logic of #bnb token, #bitfinex will repurchase and burn the tokens with the unfrozen funds in the future #usdt
The total amount is $1b, so far amount received for it is $500m #usdt
$1 = 1 token
Latest: the money will be used to cover fiat withdrawals and there won’t be haircuts anymore to users #usdt #tether
Latest: if they could raise $1b with institutional investors, #Bitfinex will no longer need to do the IEO #USDT
From the groups I’m in and the conversations I’m seeing, people are still pretty enthusiastic about doing IEOs... the bear market is probably not over yet... #USDT #cryptocurrency
From another source, the IEO is probably not happening and some people are being investigated #usdt
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