ICOs are Back #2: Fetch.Ai Raised $6 Million in 10 Seconds on Binance Launchpad

Fetch.AI, one of the most hotly anticipated ICO’s of 2019 (and only the second ICO to launch under Binance’s Launchpad program) achieved a successful raise after only 10 seconds!

Fetch.AI is developing a super intelligent infrastructure that connects transportation, manufacturing, hospitality and supply chain systems to track operational data and create predictive functionalities that can not only increase efficiency but also exploit underutilized assets, providing maximum value on the supply and demand side.

The project raised 69,204,152 FET, which is approximately $6 million in 10 seconds. The funding has 2,758 contributors, making the average contribution of $2,175.

Binance CEO CZ also tweeted out confirmation of the projects successful raise, stating that “The queue was totally packed within seconds” and that “ the processing is just draining the queue slowly.”

It was over in a about 10 seconds. The queue was totally packed within seconds. The processing is just draining the queue slowly. Congrats to @fetch_ai !

— CZ Binance (@cz_binance) February 25, 2019

This successful ICO is joining the previous Binance Launchpad project, BitTorrent. In this case, the crowdfunding ended in 15 minutes and 7.1 M USD were raised. In the short term, the ICO proved itself to be very valuable with 10X compare to the ICO price in its ATH so far.

There’s no word yet on when FET tokens will be made available for trading on Binance. You can keep up with the latest updates about Fetch.Ai by following their blog or Telegram page.