Press Release

Hot on the heels of the successful launch of the world’s first Initial Futures Opening (IFO) on Polkadot last month, CoinFLEX is set to launch the next IFO on another eagerly anticipated pre-launch blockchain protocol token: Dfinity.

Dfinity is a Swiss-based firm valued at over $2 billion, after the non-profit raised a total of $190M from investors including Andreessen Horowitz, Multicoin Capital and Polychain Capital, the last of which is also a major investor in CoinFLEX.

Dfinity are building the world’s first Internet Computer and with this, hoping to decentralize the internet. Some of the services they are building include putting data and cloud services on an independent system and the firm is reportedly hoping to capture demand from major cloud players such as Google, Amazon, Microsoft.

As The Block has previously reported, similar to Polkadot, Dfinity is amongst the select few tokens for next-generation protocols that are currently circulating on semi-liquid secondary markets in the form of SAFTs - Simple Agreements for Future Tokens. These agreements give funds the rights to tokens startups issued in the future, when they launch.

IFOs are a novel way to provide access to upcoming token projects such as Dfinity that have been fundraised via private sales. CoinFLEX is illustrating their commitment to retail cryptocurrency traders by opening up access to exclusive blockchain projects and acting as a price discovery mechanism in what are otherwise opaque markets.

Registration for users to participate in the Dfinity Futures presale opens at 1200 UTC on Monday August 19th 2019. The first 300 buyers will have three days to register for guaranteed access to get their Dfinity token allocation at a discounted rate of $1.50.

Judging off the inaugural IFO launched by CoinFLEX last month, market appetite for contracts related to pre-launch blockchain assets was made clear as 100s of FLEX token holders gained access to discounted DOT contracts priced at $75 per DOT. Chart history shows these contracts trading up to $200 per DOT before settling at the last price of roughly $167.

Just as for the previous IFO presale, participants will need to purchase 1,000 of CoinFLEX’s native exchange coin FLEX to get access to this IFO presale discount.

Much like Binance’s BNB token, FLEX can be used to obtain discounts on exchange fees and access exclusive opportunities, like this IFO.

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Related News

One platform tries to rejuvenate gamers’ favorite childhood memories using Web 3.0

Sarah Jansen
2021-10-15T17:10:00+01:00

XBT Provider Bitcoin ETN Hits $100 Mln, Partners With Xapo

William Suberg
2017-06-15T14:54:00+01:00
15062

StormX Announces Integration of StormShop For Their Mobile Users

Felipe Erazo
2020-03-03T21:34:00+00:00

Bitfinex to Delist 87 Crypto Trading Pairs Aiming to Improve Liquidity

Felipe Erazo
2020-03-20T20:22:00+00:00

UFC announces regional partnerships with top crypto-only sportsbook

Brian Quarmby
2021-03-08T05:09:18+00:00

Bitcoin Mining Council survey estimates a 56% sustainable power mix in Q2

Brian Quarmby
2021-07-02T01:39:16+01:00

Follow us on Facebook