Bitfinex managed to successfully complete the first IEO held on the Ethfinex hybrid platform. Project calledAmpleforth, was able to sell out the planned supply of AMPL tokens in just 11 seconds.
Despite halving the max cap to widenparticipation, the @AmpleforthOrg sale on Tokinex sold out in just 11 seconds. Incredible! Successful participants will receive AMPL directly into their exchange wallets within a few days, and the date for listing will follow shortly. pic.twitter.com/kVuViAJUnv
— Ethfinex (@ethfinex) June 13, 2019
Obviously, those who managed to take part in the sale will receive their AMPL tokens within the next few days, while the date of adding AMPL trading on Bitfinex is not yet known.
According to the official page, $5,041,156 was raised during the event at a price of $0.98 per token. Note that the project’s initial hardcap was $4.9 million, but was slightly increased.
The entire sale lasted 11 seconds.This reminds us of a situation like the Binance Launchpad IEO before the exchange implemented a new lottery-like format. Before this, the majority of the community was extremely unhappy with the inability to participate, spreading rumors about the dominance of bots.