Anyone Can Now Buy Bitfinex’s LEO Tokens Thanks to Eidoo

Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

Thanks to the Eidoo established network of accredited investors selected to participate in the LEO private sale and therefore LEO token holders, we are now able to offer everyone the possibility to buy - even $100 - through an IOU on LEO token, the token under the spotlight of the whole world.

Citizens or residents of the United States of America, Canada, North Korea, China, and other restricted countries according to our AML policies are excluded.

What is LEO IOU and how does it work?

LEO IOU (abbreviated from the phrase "I owe you") enables you to receive LEO Token when it will be issued.

People will be able to buy the LEO IOU from the Eidoo hybrid exchange with ETH. Then, once LEO tokens will be distributed by the iFinex subsidiary to the private offering investors those will be redistributed to LEO IOU token holders - for each LEO IOU, one LEO token will be received.

In the event that LEO Token is not issued by the iFinex subsidiary, or that for any reason they are not available to be redistributed, every LEO IOU will be refunded at the IEO Token Price of $1.00 (paid in ETH).

LEO IOU Initial Exchange Offer

Ticker

LEOIOU

No. of Tokens being sold

5.000.000

IEO Token Price (fixed in USD)

$ 1.00

IEO Start Date

May 7th 2019,1:00 PM UTC

IEO End Date

May 11th 2019,1:00 PM UTC

Pair

LEOIOU / ETH

Minimum Order Size

0.3 ETH

Max Order Size

Unlimited

Fee

5% (paid in EDO tokens)

KYC Tier Required

EidooID, Tier 2 on Eidoo App

Transfer Restrictions

After the purchase, LEOIOU are locked and transfers are limited until LEO Token will be distributed

Countries Restrictions

United States of America, Canada, North Korea, China, and other countries according to our AML policy

Eidoo reserves the right to suspend the IEO of LEOIOU at any time even in the event of a partial sale of the tokens issued or before reaching the IEO End Date.

How can you buy LEO IOU?

LEO IOU Initial Exchange Offering will be done through Eidoo App.

Eidoo is available on iOS, Google Play and on all desktop devices such as Linux, Mac and Windows. Once you have downloaded the app and your identity has been verified, you can transfer ETH to your wallet and proceed to buy LEO IOU.

How does LEO Token work?

LEO is a utility token at the heart of the iFinex ecosystem and consequently used in Bitfinex exchange to pay and receive discounts on trading fees.

On a monthly basis, Bitfinex and its affiliates will buy LEOs from the market for a minimum of 27% of gross revenues consolidated in the previous month. Repurchases will be made at market rates.

In addition to the above, an amount equal to at least 95% of the net funds recovered by Crypto Capital will be used to repurchase and burn the outstanding LEO tokens within 18 months from the date of recovery.

Furthermore, an amount equal to at least 80% of the net funds recovered by Bitfinex Hack will be used to repurchase and burn the LEO tokens in circulation within 18 months from the date of recovery.

More info on the official website here.

Five Ways to Trade Stablecoins

Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

In the increasingly competitive stablecoin market, where several coins peg their value to the US dollar and other major fiat currencies, it can be difficult to stay on top of all the trading action. From the last 5 years, hundreds of projects have launched as the demand for stablecoins grows steadily.

stableDEX recognizes the major role of stablecoins in the blockchain ecosystem. To serve the rapidly growing crypto community, we are building a relayer for the stablecoin market by providing a decentralized platform to trade in a peer-to-peer trustless manner.

Stablecoin trading pairs are evolving and increasingly gaining popularity among exchanges. The table below highlights just some of the stablecoins listed on the popular exchanges.

stablecoin trading.png

This “Stable Coin Market” has increasing liquidity and due to the rapid increase in tradable stablecoins arbitrage opportunities that are becoming available.

Before going deeper into the trading opportunities, we would like to highlight some advantages of the stabledex.io platform over other exchanges.

stabledex.io is an alternative solution that aligns with the original crypto ethos and values of autonomy, security, and privacy. It is a platform that facilitates the peer-to-peer trading of stablecoins from one wallet to another and gives its user an escrow-like service. stabledex.io intends to solve various problems on the current central exchanges, such as:

Ensuring Anonymity

Whereas these centralized exchanges do business with personal accounts on the central server, stabledex.io protects personal information since transactions are made based on personal wallets. So a user does not need to enter any personal information on the exchange.

Decentralized Server

Blockchain and cryptos were developed to remove the need for central authorities. But, exchanges like Coinbase, Bittrex, Binance, Kraken and other centralized exchanges contradict this value and put control back into the hands of companies and institutions. stabledex.io removes the need for a third-party to trade stablecoins as it supports transactions between individuals through P2P without a middleman.

Security

Massive security attacks have led to millions of dollars being stolen from popular exchanges because the centralized hot wallets of the exchanges were targeted, which present a single point of failure. In stabledex.io, each user is in private control of their own funds and private keys, so there is no central point of attack.

Low Transaction Fees

Stabledex.io could facilitate cheaper and faster transaction than the above mentioned exchanges since there is no third party authenticator. The trading fee for each transaction would be 0.15% in base currency, which can be reduced further with stableDEX tokens.

One Single Point To Trade Stablecoins

Truth be told there's no single exchange out there that is dedicated to stablecoin trading alone. However, many exchanges offer this as a side option along with bitcoin and altcoin trading. stabledex.io offer support for all the popular stablecoins, including USDT, PAX, TUSD, USDC, DAI Maker, ETH etc.

Slowly and steadily, stablecoins are gaining attention from more traders and investors around the world. These cryptocurrencies have been proving their value since their inception. It's why many crypto enthusiasts are securing cryptocurrencies as their stationary funds, while some people are involved in pure speculation with short-term trading.

Here are some of the advantages of trading stablecoins. There are a variety of different strategies for trading stablecoins thanks to their asset-pegged nature:

1. Price Arbitrage on Different Exchanges

Price arbitrage involves exploiting he price inconsistencies for the same asset on different exchanges. For example, the price of USDC on Coinbase can be different from the price listed on stabledex.io. A trader can profit by buying stablecoins on an exchange trading at a lower price and selling it on another exchange trading at a higher price.

For example:  USDC/USDT drops to 0.96 in an exchange. A trader would buy USDC/USDT and sell USDC/USDT at 1.01 in another exchange and make a trading profit of 5 cents excluding trading and transaction fees.

2. “Instability” of stablecoins

While USD stablecoins use different stability mechanisms (fiat-backed, crypto-backed or algorithmic/seigniorage-based), each is designed to mirror the value of a U.S. dollar. But in reality they fluctuate, trading either above or below that figure. In other words, one stablecoin might not be quite as stable - and this opens up several trading opportunities.

3. 1:1 Redemption or minting opportunities

Another Arbitrage opportunity is buying or selling from exchanges and “redeeming or minting” a token with the issuer. The face value of a stable currency known to everyone is 1:1. As soon as the price deviates from the set value, new trading opportunities open up.

Example: the price of a 1 USD asset-backed stablecoin goes up to 1.03 USD on a centralized exchange and you sell some. Right now you want to buy (minting) your tokens from the issuer. Theoretically, they will pay you 1USD per token. Profit +3% excluding trading and transaction fees.

4. Opportunities for bots and algorithmic trading

A swinging market with good liquidity facilitates trading stablecoin-to-stablecoin using bots and algorithms. For example, trading on BitMax Exchange generates around 1.9 million BTMX tokens every day, which makes the exchange attractive revenue for traders using bots on the exchange.

5. Reduce Risk and Build Portfolio

To reduce or minimize the risks, investors generally diversify their investment portfolio to smooth out the effects of unpredictable volatility. Stablecoins are an ideal option if you are looking to keep an all-digital portfolio.

We at stabledex.io believe that each individual will have his own reasons to trade a specific market and a specific pair. We want to share our ideas and hear your thoughts on trading stablecoins.