Controversial Exchange Launches LEO Token Trading
Just roughly 2 weeks since Bitfinex's IEO was announced, it's LEO token is launching. The IEO was one of the largest crypto fundraisers to date, raising roughly $1B in the form of their native stablecoin, Tether. The IEO was the second most successful crypto fundraiser of all time, after Telegram's TON.
In an announcement earlier today on Twitter by Bitfinex CTO, Paolo Ardoino declared that LEO has begun trading on the exchange. As per the announcement:
. @bitfinex Unus Sed $LEO trading is now open!
This is just the beginning, we have outstanding ideas for our token, in addition to the ones proposed in the whitepaper and roadmap ( https://www.bitfinex.com/wp-2019-05.pdf / https://www.bitfinex.com/rm-2019-05.pdf ).
Will LEO Roar?
LEO trading has commenced earlier today and its price currently stands on $1.05. Seeing that Bitfinex remains a very popular exchange despite legal troubles, it could grow substantially in the future. LEO's growth is very dependent on Bitfinex & Tether's legal case. Hypothetically it could follow Binance coins lead, and end up in the top ten coins by market cap.
Will the Real LEO Please Stand Up?
In a bizarre and funny turn of events a different token received a bit of a pump, possibly due to the news. A relatively unknown token also called LEO, which shares the same ticker as Bitfinex's LEO has had some growth. The similarly named token went from 0.056 on the 16th to 0.073 on the 18th and later crashed back to 0.056.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado