\u201cWe\u2019re very pleased to have reached our target for the token sale in such a short time achieving a wide distribution of tokens with the intentionally modest individual cap. Now the sale has finished the entire team is very much focused on releasing more of our technology over the coming months.\u201d<\/em><\/p>\nFetch.ai is a project that aims to \u201cbring together machine learning, artificial intelligence, multi-agent systems, and blockchain technology to create an economic internet.\u201d According to the token metrics, more than 1 billion FET tokens were generated during the FET token generation event. Of these tokens, 11.6% were sold to private investors while only 6% were availed to the ICO participants.<\/p>\n
The ICO had a $6 million Hardcap while each individual investor had a minimum contribution cap of $20 and a maximum of $3,000. Basic arithmetic could show that each investor averagely acquired $2,175 worth of FET tokens.<\/strong><\/p>\nBinance will be distributing these tokens in the next couple of weeks to the lucky participants. The rest that did not get the ICO allocation may have to wait until the tokens are listed in the Binance exchange to get their hands on them.<\/p>\n
The tokens will not have a vesting period for crowdsale investors, therefore, they should be expected to be offloaded once they are available for exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gone in 22 seconds! That is how long the crowdsale of FET tokens lasted on the Binance Launchpad ICO hosted on the 25th, February. FET tokens are the native tokens for the Fetch.ai platform that is soon to be launched following the successful fundraising.<\/p>\n","protected":false},"author":5,"featured_media":12583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,75],"tags":[4601,4721],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12581"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=12581"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/12583"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=12581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=12581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=12581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}