Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex
Today Bitfinex enters the popular business of initial exchange offering (IEO). The first sale on the new platform called Tokinex will be announced this Thursday 23rd May.
Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Source: CoinSpeaker

Why IEOs Might Drive New Investors to the Crypto Market

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Why IEOs Might Drive New Investors to the Crypto Market
In this article, we will be exploring the main reasons why IEOs may, in fact, drive a flock of new investors into the crypto market.
Why IEOs Might Drive New Investors to the Crypto Market

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Source: CoinSpeaker

Initial Exchange Offerings: The Benefits and Limitations

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Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker

Bitfinex Set to Launch $1 Billion IEO as $850 Million in Funds are Still Frozen

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Bitfinex Set to Launch $1 Billion IEO as $850 Million in Funds are Still Frozen
Next week Bitfinex is expected to issue an initial exchange offering (IEO) to gain $1billion through a token sale. It’s got transpired from the post made by Bitfinex shareholder Zhao Dong.
Bitfinex Set to Launch $1 Billion IEO as $850 Million in Funds are Still Frozen

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Source: CoinSpeaker

Bitfinex Likely to Issue Native Exchange Token Through IEO to Recover Frozen Funds

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Bitfinex Likely to Issue Native Exchange Token Through IEO to Recover Frozen Funds
After the latest seizure of funds by the NYAG office, Bitfinex is looking for ways to recover the funds. Conducting and IEO and issuing a native exchange token is one of the probable options.
Bitfinex Likely to Issue Native Exchange Token Through IEO to Recover Frozen Funds

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Source: CoinSpeaker

Unconfirmed: Bitfinex Plans to Raise $1 Billion in USDT via ‘Initial Exchange Offering’

Yes, you heard it right, Bitfinex cryptocurrency exchange plans to raise $1 billion in Tether (USDT) via initial exchange offering (IEO). It was first reported by a member of the Twitter community ‘ Dovey Wan’.
Bitfinex To Raise Billion via Initial Exchange Offering (IEO)
However, it comes as a rumor, later Dovey Wan’ states that one of the Bitfinex’s shareholder agreed to it. This is quite a surprising update due to the ongoing controversy around Bitfinex and Tether. Nevertheless, the Tether is the Bitfinex’s own token which bothers many crypto enthusiasts and traders.
Source: Twitter
Until the press time, Bitfnex didn’t confirm the report officially. However, if it comes as a true statement and officially confirmed, then the community’s voice on whether or not the platform is actually liquid is worth considering.
Nevertheless, in the case of IEO, participants have to buy exchange’s native token and help Bitfinex raise billions in so-called stablecoin, Tether. Bearing this in mind, the community on Twitter is assuming that the exchange is facing liquidity issues. While many people call USDT as a stablecoin, with the recent frozen funds of $750 million from Tether’s reserve fund, USDT is missing the respective $750 million funds to be a stablecoin – which other side supposed to have to be a stablecoin.
Also read: Bitcoin Surcharge on Bitfinex and USDT Pairs Building FUD in Traders?
With having 18.5K followers, Dovey Wan often shares breaking stories and the current market scenarios. In her continuous tweets, she also adds that allocation of Bitfinex’s IEO already begins as such folks are selling it in few channels, she said.
I just don’t see how this can be sustainable, it won’t make Tether fully-backed again unless they distribute profit/new fund raised back to Tether reserve. BFX has already securitized + tokenized its future cash flow for their last hack, this is another layer of leverage on top
Nevertheless to note that the exchange has first hit with the Bitlicense rejection by New York Department of Financial Services’ (NYDFS) and the New York State’s Attorney General accused Bitfinex of using $850 million worth USDT or Tether’s reserves to cover up the loss of funds. However, Bitfinex’ shareholder, Zhao Dong’ says the story isn’t over yet.
In fact, Dong has also contributed to the matter of Bitfinex’s rumored IEO. In one of his post (written in Chinese) which later translated to English and shared by a Twitter user @Zirui_z, – in his post, he says
‘there’s a high possibility that Bitfinex is going to do an IEO’.
What’s your take on Bitfinex’s plan of raising billion via IEO in USDT. (If it gets confirmed by exchange).? Let us know in the comment below
The post Unconfirmed: Bitfinex Plans to Raise $1 Billion in USDT via ‘Initial Exchange Offering’ appeared first on Coingape.
Source: CoinGape

Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now
As IEOs are becoming more and more prevalent holding the potential of replacing ICOs as the most popular fundraising model, you might ask “which are the ones worth watching?”. Here’re three IEO projects you should keep an eye on right now.
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Source: CoinSpeaker

Why IEO is the Most Efficient Method of Fundraising?

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Why IEO is the Most Efficient Method of Fundraising?
Anton Dzyatkovskiy, a Co-Founder of Platinum LLC, takes a look at the differences between ICO and IEO, reasoning why the latter is the most efficient method of fundraising.
Why IEO is the Most Efficient Method of Fundraising?

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Source: CoinSpeaker

Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch

Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to host its first IEO for a token called XRD but suddenly announced to pull it back due to ‘last minute’ problem, as confirmed by European Exchange Bittrex.
Bittrex cryptocurrency exchange announced the reversal of its upcoming IEO scheduled to host on behalf of a South Korean Startup RAID for its XRD token. The exchange suddenly canceled it on March on March 14. As per the records, the IEO was supposed to go live on March 15 – and the cancellation announcement comes before a few hours of the scheduled launch. According to an official report, the exchange abruptly canceled it due to ‘significant, last minute changes’ with XRD crypto project.
Bittrex International broke out a reversal tweet adding ‘ trust and integrity are the most valuable assets’;

Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly.
— Bittrex International (@BittrexIntl) March 14, 2019

Furthermore, in an upcoming tweet and announcement, Bittrex explains that the change occurred in the business status of the RAID project, elaborating that OP.GG terminated its strategic partnership with RAID which was essential for RAID project.
OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.

Concerning the similar context, OP.GG reportedly confirmed that there will be no economic and technical cooperation with RAID Project. However, the platform servers 45 million monthly active users and with the recent announcement, all potential business discussion related to RAID project is no longer the concern of OP.GG.
To note, Bittrex’s first IEO received a significant response from the industry players including CZ from Binance cryptocurrency exchange. if everything would perfect, Bittrex would launch its first IEO today (i.e on March 15) at 10 am KST on behalf of RAID project.
Those who don’t know about IEO or Bittrex’s IEO announcement, please visit here – IEO
The post Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch appeared first on Coingape.
Source: CoinGape

Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?

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Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?
Bittrex crypto exchange said that they will launch an initial exchange offering (IEO) on behalf of RAID signifying an upturn in the rather dwindling cryptocurrency market while fostering global adoption. But are XRD tokens coming from a real company?
Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?

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Source: CoinSpeaker

Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future

Okex has announced the launch of its Initial Exchange Offering for its users: Ok Jumpstart. The IEO of exchange will help new projects and blockchain based projects to launch their tokens on the exchange.
According to their blog post:
By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

We'll be launching #OKJumpstart very soon. Do you know what is an #IEO? https://t.co/AHDlYbZBnu
— OKEx (@OKEx) March 13, 2019

How is an Exchange Offering Different from an ICO?
While the exchange will continue to administer the working of the ‘Exchange tokens,’ an independent, autonomous team is designated the job of working on the Exchange Token.
Furthermore, the Exchange Offering is exclusively open for the exchange users only. While this creates an ambiguity as the exchange is open to the public. However, it gives assurance of KYC and AML compliance along with trust protection to the token holders.
         IEO vs ICO
The exchange reaffirms that an exchange offering is entirely different from an ICO as the exchange is a tangible running model, rather than an idea on a whitepaper. Hence, the chances of it performing, in the long run, are higher.
“Instead, the exchange is risking their credibility when doing IEOs, since it has no control over the IEO project team’s operation and product delivery as promised in the latter’s white paper… This provides an extra layer of protection to contributors.”
Also Read: Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad?
Furthermore, Exchange Offerings can increase the degree of decentralization for an exchange. It is established as the order books, and the Exchange Token decentrally regulates exchange controls. Moreover, the Exchange acts as physical administrators of the token and the exchange. Hence they can also take immediate action during unforeseen circumstances. The new age exchange offerings from Bittrex and Okex will inevitably compete with Decentralized Exchanges in the future.
The post Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future appeared first on Coingape.
Source: CoinGape

World’s First Initial Exchange Offering Announced by Bittrex

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World’s First Initial Exchange Offering Announced by Bittrex
Bittrex crypto exchange launches an initial exchange offering on behalf of RAID signifying an upturn in the rather dwindling cryptocurrency market while fostering global adoption.
World’s First Initial Exchange Offering Announced by Bittrex

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Source: CoinSpeaker

Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad?

Amid the current bearish market, cryptocurrency exchanges like Bittrex are walking on a new trend of launching its first Initial Exchange Offering (IEO) on behalf of a blockchain project called RAID. As announced on Monday (March 11, 2019), it would be the first of its kind for Bittrex where it is hosting RAID (XRD) token Sale on its platform via a new concept called Initial Exchange Offering.
Per the latest announcement, Bittrex will launch IEO of RAID project which is a blockchain-powered gaming data startup from South Korea. Accordingly, RAID’s 17 billion XRD token is already delivered to Bittrex exchange with an aim to raise $5.95 million. The exchange is deciding to offer 1 XRD at the cost of 10 Satoshi, whilst setting a minimum purchase of $10 and a maximum of $20,000. The IEO of RAID’s XRD token will begin on March 15, 2019, at 10.00 AM KST time.

What is Initial Exchange Offering (IEO)?
IEO or Initial Exchange Offering is a concept beyond ICO token sale (Initial Coin Offering). unlike ICO where the prices of the token reach sudden sell-off initially, experienced manipulation and contain less security level, IEO is led by the registered cryptocurrency exchange. In this process, a token sale of a project will be hosted by exchanges such as Bittrex, KuCoin, Huobi, etc, on behalf of the project rather than the project itself. By doing so, the exchange ensures higher security level and prevents price manipulation. IEO is an advanced method of conducting the token sale and raising capital with the help of cryptocurrency exchange.
Is it Similar to Binance LaunchPad?
While IEO carries a similar approach that Binance’s launchpad is offering – it doesn’t come in a row of competition for Binance.
As well as that, Changpeng Zhao (CZ), the CEO of Binance Exchange is long time believer on cryptocurrency’s global adoption – as seen on his profile, CZ took to twitter and made a confident statement on Bittrex’s IEO announcement. He adds ‘Glad to see more joining the club’;

Glad to see more joining the club. We firmly believe blockchain fundraising is the killer app. Let’s use it to help our entrepreneurs and #BUIDL our #crypto industry, and other industries after that. (happy to promote a peer to grow the industry) https://t.co/DVbZRAEB7n
— CZ Binance (@cz_binance) March 12, 2019

In a similar tone, CZ responds to a comment that curiously questioned him his interest to list the project on Binance; he says;
The race to see who lists first is overrated, and short term focused. Exchange users are very liquid. They move around all the time. We just focus on improving our products and services for the long run.
Bill Shihara, Bittrex’s founder is also confident on exchange’s security level – thus ensuring its global customer stating that ‘they will have peace of mind’ because the project is backed by Bittrex International trading platform. In similar regards, he says;
“We are committed to increasing adoption and moving the blockchain revolution forward. The ability for projects like RAID to innovate, advance, and promote the gaming industry on our platform is a game changer for all involved,”
To count down the project’s IEO, you can visit here – https://international.bittrex.com/Market/Index?MarketName=BTC-XRD
What’s your view on Binance’s launchpad and Initial Coin Offering? Share your thoughts with us. What do you think of project’s interest, will they prefer Binance’s launchpad over preferring other exchanges with IEO concept? 
The post Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad? appeared first on Coingape.
Source: CoinGape