Bitfinex's buyback mechanism is transparent, claims CTO Paolo Ardoino - AMBCrypto

The controversial cryptocurrency exchange, Bitfinex, announced its initiative to buy back and burn its in-house token, LEO. The exchange claimed that the UNUS SED LEO Transparency Initiative will allow users to see iFinex, the parent company of Bitfinex, purchase LEO at market rates on an hourly basis, equal to a minimum of 27% of the consolidated revenues of iFinex.

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