Cryptocurrency trade Bitfinex has introduced the relaunch of its Initial Exchange Offering (IEO) platform Tokinex as Bitfinex Token Sales and can supply the token of P2P digital content material and monetization blockchain Okay.IM on October 22.
The information was revealed in a press launch shared with Cointelegraph on Sept. 24.
A Bitcoin-integrated token
Per the discharge, Okay.IM has raised $2.5 million in funding from BnkToTheFuture, Bitcoin Capital and Max Keiser. According to the undertaking’s roadmap, the platform is predicted to go stay in Q3 2020 alongside a proper itemizing on Bitfinex.
Entrepreneur, digital rights activist and founding father of now-defunct file-sharing web site Megaupload, Kim Dotcom, commented on the event:
“Combining the internet with Bitcoin gives us a real chance of achieving the original promise of the internet; freedom of speech, commerce and finance. […] I founded K.im to allow artists, content creators and digital businesses to cut out all the middlemen and sell content and digital goods without censorship and outside of monopolies.”
According to Dotcom, the Bitcoin blockchain has been in a position to scale to date and may now assist a slew of recent prospects.
“We can finally create our KIM token on top of Bitcoin thanks to recent technical breakthroughs like Lightning and Liquid. Bitfinex is the perfect partner to help us distribute KIM tokens, built on Bitcoin, to those who want to access the freedoms that our products provide,” Dotcom defined.
Bitfinex courts LEO holders
Bitfinex in the meantime notes that the renewed IEO platform may have “direct integrations with the Bitfinex exchange itself.” The firm’s chief expertise officer Paolo Ardoino commented on the present IEO panorama:
“Most IEO’s are marketing campaigns that focus on achieving a short-term result, but that’s not how real businesses are built. Successful businesses are built through long-term, sustainable growth.”
Bitfinex additionally introduced that its native utility token, Unus Sed Leo (LEO), will probably be a part of all future token gross sales and its holders may have entry to increased allocations than these collaborating with different digital property.
As Cointelegraph just lately reported, United States-based cryptocurrency trade Coinbase has additionally indicated it’s contemplating the launch of an IEO platform.
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