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RE: Bitfinex's estimated revenue, and why I am selling my BFX tokens

in #bitcoin8 years ago

"We are currently working on finalizing exactly how BFX tokens could be converted to shares or equity in BitFinex.

Due to various licensing and legislative issues this is not as straightforward as we would like.

If we do go ahead with this then the goal would be to try and include as many of our loyal users as possible

It is still early days at this stage but we are talking weeks rather than months before we can make any confirmations.

In the meantime we are encouraging our users to at least hold on to their BFX tokens as if we are successful in raising outside capital and also converting a significant amount of BFX tokens into equity we will be in a much better position to repay the BFX tokens to our users at a value of $1USD even to those who do not want or are not able to take part in any equity sharing plans we have for BitFinex"

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