By
Godfrey Benjamin
April 17th, 2024
The Fetch AI token sale will start on February 25 on Binance Launchpad. The price will be announced on the day of the launch and set in Binance Coin (BNB).
Lately, the crypto community has spoken a lot about the Binance Launchpad, extremely successful due to the launch of BitTorrent token, BTT. The demand for BTT tokens was so heavy that the sale was accomplished in just a matter of minutes. In less than 20 minutes, 59 billion BTT tokens were sold.
https://twitter.com/cz_binance/status/1089906190425894912?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1089906190425894912&ref_url=https%3A%2F%2Fcryptopotato.com%2Fthe-2019-ico-season-binance-launchpad-announced-on-another-up-coming-token-sale-fetch-ai%2F
The sale was organized on the Binance Launchpad, a token sale platform run by the Binance exchange. Two simultaneous sales were run for Binance Coin and Tron. BTT investors could participate through two separate sale sessions, one for those paying with the token native to the Tron blockchain, TRX, and the other for those paying with Binance’s native exchange token, BNB. Each BTT token was valued at $0.00012.
During the event, some technical difficulties took place, and if not these issues, the sale would have ended instantly.
https://twitter.com/cz_binance/status/1089911383225917440?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1089911383225917440&ref_url=https%3A%2F%2Fcryptopotato.com%2Ficos-are-back-in-the-game-bittorrent-completed-its-7-12-m-usd-fundraise-on-binance-launchpad-in-less-than-15-minutes%2F
The launchpad has probably experienced an overload, however, all the users who tried to buy into the ICO but failed were promised to be given BTT tokens for free.
Very soon, Binance will have another chance to demonstrate its work.
Fetch. AI Token Sale
On February 25, Fetch.AI token (FET) sale will take place. This event will be run on the Binance Launchpad. The exchange stated:
“Binance Launchpad will commence the Fetch.AI (FET) token sale at 2019/02/25 2:00 PM (UTC). The token sale will accept BNB and have one session only.”
The Fetch.AI project is a combination of blockchain and artificial intelligence. Fetch.AI aims to create an entirely new economy that is based on autonomous agents. As the developers explained, Fetch.Ai is a kind of world where “a collective super-intelligence actively delivers answers to you: a world where information that benefits you and information that might benefit you is delivered effortlessly.”
Humayun Sheikh, the CEO of Fetch.AI, said:
“Today’s internet is built for e-commerce solutions but the new web needs to enable more autonomous solutions and this requires building the infrastructure and tools to make it deployable. Fetch.AI is building the deployment infrastructure, which brings the new AI-based autonomous machine economy to life.”
The total supply of FET will make up 1,152,997,575 tokens. The price per token will be announced on the day of the launch and set in Binance Coin (BNB). The token sale is scheduled to end before March 2, 2019.
About Binance Launchpad
Binance Launchpad is the exclusive token launch platform of cryptocurrency exchange Binance. Its goal is to help blockchain projects raise funds and gain access to a more extensive network of supporters throughout the crypto sphere. Providing access to over ten million users, Binance Launchpad also helps projects by providing mentorship and business advice.
Since the bear market of January 2018, Launchpad hasn’t promoted any new projects. But the recent events, like BTT token sale, show that Binance is bringing back its trust in the ICO fundraising option. The upcoming Fetch.AI sale is also an indication that faith in ICOs may be restored. Whether Binance will manage to do that or not, we will see very soon.