As Tether Premium Disappears, Bitfinex and Ethfinex Launch New IEO Platform: Tokinex
Prominent exchanges Bitfinex and Ethfinex have announced a new IEO (Initial Exchange Offering) platform.
The new platform, Tokinex, allows users to participate in pre-vetted token sales from new projects listing on the site. In a departure from other similar offerings such as Binance Launchpad, token issuers on Tokinex don’t have to pay any upfront fees for listing, while successful launches on the platform will also benefit from listing on both Bitfinex and Ethfinex.
The new exchange also utilizes the KYC service from Blockpass, which allows customers to complete KYC verification but without storing data on the exchange. The first token sale will be announced on May 23rd, with the sale taking place on 13th June.