The first Catalyst Token Sale using Bitfinex Token Sale technology has been completed in just 14 seconds with Fetch.AI selling 1.9 million FET tokens.
Fetch.AI has built machine learning tools and infrastructure to build and support a decentralised digital economy.
Coin Rivet interviewed the team at Fetch.AI in 2019 following its original token sale that was conducted on the Binance Launchpad.
Bitfinex Token Sales offered users a 50% token bonus for participating in the token sale, which coupled with demand for the token itself is most likely why it sold out in such a short period.
The @fetch_ai Catalyst Sale was a grand success. 1.9 million $FET Tokens were sold out in just 14 seconds.
Successful participants will receive the principal $FET tokens into their Token Sales wallets in a few hours and the bonus tokens as scheduled. ⬇️https://t.co/dgjFat17KQ pic.twitter.com/OyF5Ltl5b3
— Bitfinex (@bitfinex) August 27, 2020
“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.”
“We are thrilled to see such a positive response to Catalyst sales,” added 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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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.