Cryptocurrency exchange Bitfinex earlier launched its first token, Ampleforth (AMPL), on its Initial Exchange Offering (IEO) platform, Tokinex. The sale is scheduled to start on June 13 and end when it reaches the hard cap of $4.9 million.
Bitfinex, however, is not the first one to get into this new foray in cryptocurrency. OKEx, Binance, and Bittrex are already in the IEO business.
Those who may be confusing IEO with Initial Coin Offering (ICO) must know that these two are different. According to experts, IEO is getting increasingly popular because it has many more advantages than its counterpart.