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Ampleforth: Bitfinex’s first IEO collected 5 million in 11 seconds
Ampleforth: Bitfinex’s first IEO collected 5 million in 11 seconds
Crypto

Ampleforth: Bitfinex’s first IEO collected 5 million in 11 seconds

By Alfredo de Candia - 14 Jun 2019

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The Bitfinex exchange has announced that the IEO sale of the Ampleforth token (AMPL) has been completed in just 11 seconds via its hybrid Ethfinex platform.

From the full report, it can be seen that about $5 million have been raised. Each AMPL token cost $0.98, and thus the expected hard cap of $4.9 million was exceeded slightly, with really incredible speed.

Ampleforth (AMPL) is a token with an elastic supply, which means it adapts to the price shift of 1 dollar: every 24 hours the supply increases or decreases and this variation also occurs in the wallets of the holders, making it, in fact, the first asset in the world with this feature.

The new introduction of IEOs (Initial Exchange Offering), an evolution of ICOs (Initial Coin Offering), is gaining momentum, as also demonstrated by Binance with its Launchpad platform.

With the launch of its LEO token, Bitfinex has shown that it can raise billions in a short time, even through private sales, increasingly demonstrating how it could establish itself as the number one competitor of Binance.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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