Bitfinex will restart its IEO platform …

Bitfinex will relaunch its IEO platform, starting with a joint token sale with Kim Dotcom

Cryptocurrency exchange Bitfinex this Tuesday announced the relaunch of its IEO platform, which will henceforth be called “Bitfinex Token Sales”. Earlier, the parent company Bitfinex opened the Tokinex IEO platform based on the Ethfinex exchange, but later the latter received the status of an independent entity..

Bitfinex Token Sales will handle the initial issue, development and launch of digital assets. According to Paolo Ardoino, technical director of Bitfinex, the company took into account the peculiarities of the functioning of various IEO platforms and, based on this information, revised its own approach and technological component. He claims that Bitfinex Token Sales is focused on long-term results, unlike similar offerings from other exchanges..

The first Bitfinex Token Sales campaign will be K.im, a platform for selling digital content from the founder of the largest file sharing service Megaupload, Kim Dotcom. IEO K.im kicks off on October 22nd with a maximum fundraising target of $ 8 million. The K.im platform is expected to launch in the third quarter of 2020. Then the KIM token will be listed on the exchange. According to Bitfinex, KIM is not a security and will be sold exclusively for cryptocurrency, which will help meet the necessary legal standards.

Bitfinex will restart its IEO platform ...

To date, K.im has invested $ 2.5 million in development from investors such as Bitcoin Capital and BnkToTheFuture. KIM token will be used for micropayments in the process of digital content monetization.

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