Bitfinex Repurchases LEO Tokens with 27 Percent of Tokinex Revenue
Crypto exchange Bitfinex on Monday has announced that it spent 27 percent of the revenue generated from its first initial exchange offering (IEO) to repurchase outstanding LEO tokens.
iFinex, the parent company of Bitfinex, committed on the whitepaper of LEO token that it will repurchase LEO token from the market equivalent to a minimum of 27 percent of its gross revenue.