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Binance Just Finished Fetch.AI Token Sale on Binance LaunchPad, Community Calling Binance Scam

  • Yuri Molchan
    📰 News

    Fetch.AI token sale on Binance LaunchPad has finished a short while ago; the community calls Binance a scam for technical issues that let only few make a purchase

Binance Just Finished Fetch.AI Token Sale on Binance LaunchPad, Community Calling Binance Scam
Cover image via u.today
Contents

On Monday, February 25, Binance conducted a sale of the Fetch.AI project on its Binance LaunchPad.

Fast token sale

Binance’s CEO tweeted that the whole thing took around ten seconds. A similar tweet was posted by the Fetch.AI company itself.

However, in the comment threads many express their discontent regarding the sale.

Fast token sale

 

Numerous investors are writing that their trades were not processed or they were put in the queue and got nothing at all in the end.

Numerous investors

investors

 

All-in-all, around 69,204,152 FET tokens were sold. 2,758 investors managed to make a purchase. It was possible to buy tokens only with BNB.

Binance

 

BitTorrent sale on Binance

A similar situation occurred with the BTT sale a month ago, as reported by U.Today. Back then, hardly any regular retail investors got to buy BTT. Many of them reported that the ‘buy’ button was not operational or there were long queues for processing the trades, which were not fulfilled in the end.

Back then, the community speculated that the majority of tokens were bought by crypto whales. Besides, when the token sale started, around 28 percent of BTT had already been sold off.

After that scandal, Justin Sun and Binance’s CZ said that Tron would arrange a small BTT airdrop for those who had no time to buy earlier.

As for the technical difficulties, CZ commented that there were too many participants and the system glitched.

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About Fetch.AI

The startup intends to mix artificial intelligence, machine learning and multi-agent systems in one pot with blockchain in order to create an economic Internet.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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