Wednesday , 26 June 2019
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Komodo-backed project RedFOX Labs to run IEO on CoinBene

RedFOX Labs have today announced that they will be running an Initial Exchange Offering on top 10 exchange CoinBene. It is rumoured that a number of other top exchanges were interested in running the RedFOX Labs IEO but CoinBene managed to secure the deal at the last minute. The IEO date is currently set to the 8th April and tokens will be made available on a first come first serve basis.


At The Daily Chain we have covered the story and rise of this exciting new project as they look to accelerate blockchain adoption in MENA. We’ve also ran an exclusive interview with CEO Ben Fairbank in a recent article about RedFOX Labs’ ambition to bring blockchain technology to the masses.

RedFOX Labs are planning to achieve this mass adoption by disrupting legacy business models and replacing them with models that are powered by Komodo Platform’s blockchain technology.

RedFOX Labs will run their IEO on Coin

We spoke with Ben Fairbank regarding the news of the CoinBene IEO launch who had this to say: “We are very happy to be doing our IEO with CoinBene. They are a top 10 exchange and Komodo is starting to now get the credit it deserves as being a very solid tech platform on which to build. We think with the exposure this is likely to raise, more projects will be attracted to build with Komodo. We had to make some tough choices and a few top 10 exchanges were in consideration. However, CoinBene came to our office in Vietnam, which is a sign they are invested in the projects they work with and that was the final decider for us.

We hope that everyone will support this project and that we can take Komodo mainstream with some very strong businesses about to be built on the platform. We would like to thank CoinBene for the opportunity and to the other potential partners that saw the promise in this project. We are proud to be Southeast Asias first blockchain venture builder, on the world’s best blockchain platform.”

The RedFOX Labs Whitepaper is due to be released in the coming days which will detail exactly how they plan to utilise the Komodo technology and one thing is for certain – new and exciting projects are beginning to see the massive potential that can be provided by the security and scalability that a blockchain like Komodo can provide.

Alex Libertas

The Daily Chain – The Leading Site for Unique and Informative Daily Crypto Content 

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