Altcoin News: Bitfinex CTO Announced the Successful Closure of a Private Token Sale for $1 Billion

May 13, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Bitfinex technical director Paolo Ardoino wrote on Twitter this morning that the company managed to raise $1 billion by distributing LEO tokens in just 10 days.

“@bitfinex is able to raise 1b USDT in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of inside and outside users made investments for > 1m each,” wrote Ardoino.

According to him, the reason for the success of the token sale was the status of Bitfinex as a trusted and recognized crypto exchange, whose investors want them to keep fighting for the industry whole. “Their own words.,” CTO clarified.

Last week, it became known that Bitfinex received promises from investors to redeem all LEO tokens issued, but not all of these promises were finite.

Previously it was assumed that the public sale of LEO will take place only if the target of $1 billion is not achieved during the private part of the campaign.

Author: Marko Vidrih