Bitfinex Bitcoin Exchange intends to buy LEO tokens for profit from margin commissions

Bitfinex Cryptocurrency Exchange will send at least 27% of the profit from commissions for margin trading to buy out UNUS SED LEO tokens.

As of today, a minimum of 27% of revenues will be allocated to UNUS SED LEO token redemptions. https://t.co/Ev5jj8CTvN pic.twitter.com/uHvcCRDExx

– Bitfinex (@bitfinex) July 15, 2019

Note that on July 14, the first such ransom has already taken place. The exchange used 27% of profit from margin commissions for the last 40 days.

Earlier, Bitfinex announced that it would use part of the profits from the site for IEO Tokinex to purchase LEO.

Recall that Bitfinex is going to release its own token, it became known in late April.

Later, the exchange announced the launch of a mechanism for burning tokens, and also presented a “transparency initiative” for public control over this process.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.