Bitfinex Token Sales launches Catalyst Sales as Fetch.ai raise capital

Bitfinex Token Sales has announced the launched of Catalyst Sales, a technology solution that supports secondary sales in the digital asset industry.

British blockchain company Fetch.ai will conduct the first capital raise using Bitfinex Token Sale’s newly created technology.

Catalyst Sales provide token issuers the opportunity to leverage the technology to conduct a token sale and grow their community. Catalyst Sales give BTS users the opportunity to receive bonus tokens to encourage them to learn more about and try out the token issuer’s network.

“Bitfinex Token Sales envisions another industry innovation, the technology that powers the first formal secondary sales in the ecosystem. Catalyst Token Sales will aid in expanding user access to tokens while simultaneously helping the ecosystem flourish.” said Paolo Ardoino, CTO at Bitfinex Token Sales.

Coin Rivet covered Fetch.ai’s original token sale in 2019 before going on to publish an interview with company’s CEO Humayun Sheikh and its CTO Toby Simpson.

At the time the company raised $6 million in just 10 seconds following a token sale on the Binance Launchpad.

Fetch.ai will conduct the inaugural Catalyst Sale on the 27th of August 2020. 

“We are very pleased to have this opportunity to conduct a Catalyst Sale and believe fully in Bitfinex Token Sales’ visionary technology to create a secondary token sale opportunity,” said Fetch.ai CEO Humayun Sheikh. “The Catalyst Sale will allow us to offer our disruptive technology to a broad swathe of new users, giving them access to a world powered by decentralised AI.”

The Fetch.ai Catalyst Sale opens at 10:00AM UTC on the 27th of August, 2020. When the sale opens, a limited quantity of Fetch.ai tokens (FET) will be sold at the spot price, with successful contributors receiving an additional FET bonus of 50%.

The bonus tokens will be distributed in four equal tranches on the 6th September, 16th September, 26th September and 6th October respectively.

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