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    Home » Tokensale Fetch.ai on the Binance Launchpad platform collected $ 6 million in 22 seconds

    Tokensale Fetch.ai on the Binance Launchpad platform collected $ 6 million in 22 seconds

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    By BlockchainJournal on February 25, 2019 News
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    The initial exchange offer ( IEO ) of the Fetch.ai project, which took place today, on February 25, collected $ 6 million in just 22 seconds.

    The @fetch_ai token sale on #Binance Launchpad has finished! ? https://t.co/PvMdtl7AxO

    – Fetch.AI (@fetch_ai) 25 February 2019 p.

    First, the head of Binance Changphen Zhao wrote that IEO passed in 10 seconds. However, a little later, he clarified that tokensale lasted 22 seconds. According to him, almost 20,000 people placed purchase orders, but only 2,758 participants managed to buy tokens. The price of a single FET token was 0.008584 BNB (about $ 0.08).

    24000 people Pre-signed the User Agreement, 19860 people successfully submitted a purchase order, 2758 people got a piece. The first 22 seconds (not 10). https://t.co/eVQy741bhO

    – CZ Binance (@cz_binance) 25 February 2019 p.

    Not all participants were satisfied with such lightning-fast IEO. Many have expressed dissatisfaction in comments on Changpeng Zhao's tweet.

    10 people bought it and 2000+ bots.

    – Libertus FM ? (@LibertusFM) 25 February 2019 p.

    “10 people bought it and more than 2000 bots”

    Many complained about captcha:

    captcha bot doesn't like me. 4 times. fml lol

    – PapaClarky ??????? (@Papa_Clarky) 25 February 2019 p.

    … others – for a request hangup:

    Purchase reques was ordered from begining… .same shit like BTT i bought BIG ZERO… .. ochhh Binance not a good job pic.twitter.com/S6LTD19xbt

    – Milos Tamajka (@MilosTamajka) February 25, 2019 p.

    Supporters of conspiracy suggested that only Binance employees and the participants of the Fetch.ai project participated in the tokensale.

    It seems only @Binance employees and @fetch_ai employees have been able to get $ FET .

    – Crypto Challenge (2K $ to 100K $) (@AJMAL_FAHAD) 25 February 2019 p.

    The Fetch.AI project is working on the creation of an “economic Internet” where machine learning, artificial intelligence and a “unique scalable blockchain capable of processing multiple transactions” are involved.

    This is the second tokenail on the Binance Launchpad platform. The first was BitTorrent , which ended in 18 minutes and collected $ 7.2 million of investment. Soon, the BTT token has increased significantly in price .

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