Bitfinex Receives Confirmations From Investors Wanting To Buy Back All Available LEO Tokens
The parent company of the Bitfinex exchange has received binding and non-binding investor confirmations for the purchase of all LEO tokens it issued worth $ 1 billion in USDT, CoinDesk writes..
“It is highly likely that Bitfinex will not conduct a public sale,” Bitfinex shareholder Dong Zhao wrote on WeChat this Thursday..
Non-binding confirmation assumes that the investor has not yet deposited USDT in the LEO purchase account and may cancel the transaction. Thus, today’s announcement does not mean that Bitfinex is guaranteed to be able to receive the claimed amount. As Zhao explained, if an investor decides to opt out, their tokens will be distributed to other potential campaigners on a first come, first served basis..
Zhao’s own firm has already given binding confirmation and contributed the required amount of USDT, but he refused to disclose the amount of the investment. What is the share of such confirmations in the total volume is unknown. Zhao claims users of his crypto-loan application Renrenbit have expressed their willingness to invest $ 20 million with a guaranteed investment.
On Wednesday, Bitfinex published a white paper LEO on its website, officially confirming plans for a token sale for the first time and revealing some other information. In the document, Bitfinex explained that it can sell the remaining tokens in the way and at such time as it deems most appropriate if the entire amount cannot be raised through a closed campaign..
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