A special purpose subsidiary of iFinex (Bitfinex’s sister) made available USDt 1 billion worth of LEO tokens in a private offering - already completed - to a very limited number of investors
Thanks to our established network of accredited investors selected to participate in the LEO private sale and therefore LEO token holders, Eidoo offered everyone the possibility of exposure - even $100 - through an IOU on LEO token, the token under the spotlight of the whole world
LEO IOU (abbreviated from the phrase "I owe you") enables you to receive LEO Token when it will be issued
Shortly LEO token will be issued by the iFinex group therefore we will proceed with the LEO token distribution. For each LEO IOU, one LEO token will be received.
May 7th 2019, 3.00 PM GMT+1
May 11th 2019, 3.00 PM GMT+1
LEOIOU / ETH
5% (paid in EDO)
Tier 2 on Eidoo App
After the purchase, LEOIOU are locked and transfers are limited until LEO Token will be distributed
United States of America, Canada, North Korea, China, and other countries according to our AML policy
Eidoo Lithuania UAB
LEO is a utility token at the heart of the iFinex ecosystem and consequently used in Bitfinex exchange to pay and receive discounts on trading fees.
On a monthly basis, Bitfinex and its affiliates will buy LEOs from the market for a minimum of 27% of gross revenues consolidated in the previous month.Repurchases will be made at market rates.
In addition to the above, an amount equal to at least 95% of the net funds recovered by Crypto Capital will be used to repurchase and burn the outstanding LEO tokens within 18 months from the date of recovery.
Furthermore, an amount equal to at least 80% of the net funds recovered by Bitfinex hack will be used to repurchase and burn the LEO tokens in circulation within 18 months from the date of recovery.