Introducing Autonomous Token Sales

Bitfinex Token Sales is excited to launch Autonomous Token Sales, a comprehensive plug and play solution that provides token issuers with autonomy and access to Bitfinex Token Sales’ best-in-class technology. Autonomous Token Sales provide opportunities to both projects that have already listed, or will list…

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UMA token sale retrospective

Quick Take

  • UMA launched its first token sale through Uniswap, distributing over 50% of the float in a matter of hours 
  • The speculative dynamics surrounding the launch suggest there remains significant room for improving token distribution models 

Binance no longer burns 20% of its profits each quarter

A sly change to its whitepaper means Binance no longer reveals how much profit it makes each quarter. Unsurprisingly, few analysts were aware.
The post Binance no longer burns 20% of its profits each quarter appeared first on Decrypt.

Upstart exchange BTSE to raise $50M for exchange token on Blockstream’s Liquid Network

Quick Take

  • Cryptocurrency exchange BTSE has launched a token sale to raise $50 million, per a pitch deck obtained by The Block
  • This is the first exchange token on Blockstream’s Liquid Network
  • In total, BTSE plans to issue 200 million tokens and buy back 100 million of them with its revenue
  • The exchange’s projected 2020 revenue is $103.5 million, representing a 3733% increase from 2019