Bitfinex has decided to open up its Initial Exchange Offering (IEO) platform once more. Now, the token created by Kim Dotcom, K.IM, will be the first asset to be offered on the Tokinex platform.
According to the press release, the asset was able to raise $2.5 million USD already via investors such as Max Keiser, Bitcoin Capital and BnkToTheFuture. K.IM is expected to go online around Q3 2020 when it will be listed on Bitfinex.
The entrepreneur who leads the project, Kim Dotcom, was famous for being the creator of Megaupload, a very popular file-sharing site that was shut down by the U. S. government.
Dotcom affirmed that the asset combines the internet with Bitcoin and gives people a chance to have freedom of speech and to transact freely. His goal with K.IM was to create an environment in which artists could cut out all the middlemen and sell their products without any kind of censorship.
The asset is based on the Bitcoin blockchain and “supports several possibilities”. He affirmed that the token was created using BTC as a basis because of progress that was made recently such as the Lightning Network.
During the announcement, the CTO of Bitfinex, Paolo Ardoino, also commented about the IEO platform. According to him, the goal of the platform is not to achieve a short-term result, but a lasting one instead. The Unus Sed Leo (LEO) token was also announced during the occasion, as it will be the official utility token of the platform.