Fetch.AI Says 1.9 Million FET Tokens Sell Out in 14 Seconds

Utilizing Bitfinex Token Sales technology, Fetch.ai says that 1.9 million in FET tokens sold out in just 14 seconds. The token event took place earlier today (August 27, 2020) with FET priced at $0.112 (USDT).

Fetch.ai is crafting machine learning tools and infrastructure to build and support a decentralized digital economy built on open-source technology. Fetch.ai is a Cambridge-based artificial intelligence lab,.

“We are overwhelmed by the support from our community and the response to our Catalyst sale,” said Humayun Sheikh, CEO of Fetch.ai. “The success of the Fetch.ai Catalyst Sale indicates a growing interest amongst new and existing users in an interconnected economy, and the intersection of AI and blockchain technologies.”

By using Fetch.ai’s technology, users may build, customize, and broker digital assets between constituents within supply chains, IoT, healthcare, transportation, and commodities industries. FET tokens are designed to be the currency of the network.

“We are thrilled to see such a positive response to Catalyst sales,” said Paolo Ardoino, CTO of Bitfinex Token Sales Inc. “The BTS technology seamlessly facilitated the handling of technical and administrative aspects of the Fetch.ai Catalyst sale and this helped Fetch to acquire new users and grow their community.”

 


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