LEO IOU Token Sale is over

Thanks to all participants

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Initial Exchange Offering successfully ended

Get Eidoo

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

Please be advised that the  information mentioned are not intended for citizens or residents of the United States of America, Canada, North Korea, China, and other restricted countries according to our AML policies

What is LEOIOU and how does it work?

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.

In the event that LEO Token is not issued by the iFinex subsidiary, or that for any reason they are not available to be redistributed, every LEO IOU will be refunded at the IEO Token Price of $1.00 (paid in ETH)

LEOIOU Initial Exchange Offer

Ticker

LEOIOU

Max Amount of Token Sold

5.000.000

IEO Token Price (USD)

$ 1.00

IEO Start Date

May 7th 2019, 3.00 PM GMT+1

IEO End Date

May 11th 2019, 3.00 PM GMT+1

Pair

LEOIOU / ETH

Minimum Order Size

0.3 ETH

Max Order Size

Unlimited

Fee

5% (paid in EDO)

KYC Tier Required

Tier 2 on Eidoo App

Transfer Restrictions

After the purchase, LEOIOU are locked and transfers are limited until LEO Token will be distributed

Country Restrictions

United States of America, Canada, North Korea, China, and other countries according to our AML policy

Issuer

Eidoo Lithuania UAB

Eidoo reserves the right to suspend the IEO of LEOIOU at any time even in the event of a partial sale of the tokens issued or before reaching the IEO End Date

How does LEO Token work?

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.