An Exciting Partnership
Bitfinex’s spin-off, Ethfinex, has joined forces with incubator Cofound.it, and let me tell you, the crypto world is buzzing! Their collaboration aims to provide a stronger liquidity lifeline for ERC20 tokens, making successful project launches feel less like a cliff dive and more like a leisurely swim.
Empowering Traders
As part of this collaboration, Ethfinex traders get an exciting deal: they can dive headfirst into presales of Cofound.it projects. It’s akin to having backstage passes to a hot concert before the tickets even go on sale!
Beta Launch Approaching
Mark your calendars, folks! Ethfinex is gearing up for its Beta launch phase, which is expected to roll out by year-end. That’s right—the party is about to start, and we’re all invited!
Quality Assurance Steps
In the world of tokens, it’s vital to ensure that what’s being offered meets high standards. Ethfinex project lead, Will Harborne, emphasized the importance of security and credibility for ERC20 projects, using Cofound.it’s trusted partners as his magic wand for due diligence. He mentioned, “The due diligence required to uncover real quality in a space growing this fast is extremely difficult.” And honestly, if finding quality in this space were a sport, it would definitely be an extreme one!
The ICO Market Landscape
The ICO market, valued at a staggering $2 billion, faced significant challenges during Q3 of 2017, particularly with legal regulations creeping into the picture. It’s like trying to navigate a maze while blindfolded—dizzying and quite the challenge. Ethfinex is not just another player; it’s a hybrid platform merging exchange functionalities with an informative resource for ERC20 tokens. With Ethereum co-founder Vitalik Buterin lending his support to decentralized crypto exchanges, specifically EtherDelta, it seems like the stars are aligning for this new venture.
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