Some details of the Bitfinex IEO (LEO).

[shadow.bishop]

Hard Cap: $1,000,000,000 to provide liquidity, as $850,000,000 of its funds are currently frozen.
Verbal commitments from private investors: $600,000,000
Public sale: after May 10, if there is any allocation left.

LEO tokens will be bought back on a monthly basis, with at least 27% of Bifinex’s profit from last month.
At least 95% of the unfrozen funds will be used to redeem and burn the tokens.

For more details;
https://www.theblockcrypto.com/2019/05/04/bitfinex-issues-ieo-white-paper-tokens-will-be-bought-back-after-850-million-funds-unfrozen/