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Fetch.AI prioritises community with low individual cap for Binance Launchpad token sale

binance

Fetch.AI, the world’s first decentralised infrastructure for deploying digital representatives ‘Autonomous Economic Agents’ reveals tokenmetrics for its upcoming token sale with Binance Launchpad.

68,965,517 Fetch.AI tokens (FET) will be made available to whitelisted purchasers in the community at a price of 0.0867 USD on 25 February 2019 at 14:00 UTC. Contributions will only be accepted in Binance’s native BNB currency and the price in BNB will be determined on the day of the public sale.

Importantly, no individual contributor will be able to purchase more than $3,000 worth of Fetch.AI tokens during the public sale.

“Fetch.AI is an open source, community driven project. It’s important that we achieve a wide distribution of FET tokens so people can participate in the Fetch.AI network and deploy their own Autonomous Agents.” commented Humayun Sheikh, CEO at Fetch.AI.

He continued: “Too often we’ve seen situations where token ownership becomes centralised in the hands of just a few. We don’t want that.”

Tokenmetrics for the Fetch.AI public token sale with Binance Launchpad:

Hardcap for public sale: 6,000,000 USD
Token price: 0.0867 USD Maximum individual contribution limit: 3,000 USD Minimum individual contribution limit: 20 USD

Network participation app means everyone can deploy Autonomous Agents

The Fetch.AI test network has been operating privately during 2018 with a Network Participation App planned for launch around the time of token distribution. The app allows anyone to easily point and click to attach Autonomous Agents to the sensors in their smartphones. Connectivity to the Test Network means Agents can help people realise the economic value of their smartphone sensor information by making it available for trading.

Toby Simpson, CTO, Fetch.AI commented: “The Network Participation App makes it unbelievably simple to launch Autonomous Agents on your smartphone. We know that for widespread adoption even advanced technology like Fetch.AI needs an excellent user experience. Getting Fetch.AI into people’s hands so they can experience Autonomous Agents in action is a major achievement for our team, and a world first.”

Fetch.AI tokens will be issued by Fetch.ai Foundation Pte. Ltd. and exclusively available to registered users on Binance Launchpad, the token sale platform from leading cryptocurrency exchange Binance on Monday 25 February, 2019, 14:00 UTC.

About Mantas Malukas

Mantas is the founder of DappLife, crypto investor and an online entrepreneur who has professionally immersed in digital publishing and development for over a decade.