Bitfinex shareholder starts pre-orders for exchange token’s public sales

Bitifinex shareholder Dong Zhao has opened pre-orders for Bitifinex's IEO of native token LEO on his crypto lending app, Renrenbit. According to Zhao, the exchange plans on listing LEO a week after the public offering is complete. Bitifinex and parent company iFinex will not hold any LEO. Renrenbit pre-orders are tiered, with KYC-vetted customers approved up to $1,000 in Tether ($USDT)-based purchases and holders of over $1 million in Tether on the app having unlimited purchasing power.