Fetch.Ai Set to Debut Its Token Sale on Binance This Month and to Add Stably’s StableUSD (USDS)


Via an official statement released late yesterday evening, it appears as though premier cryptocurrency exchange Binance is all set to host Fetch.ai’s upcoming Initial Coin Offering (ICO) event.

For those of our readers who may not be aware of what Fetch is, it can essentially be thought of as a blockchain platform that is designed primarily to create decentralized solutions for a host of different industrial sectors (such as transportation, energy distribution and supply chain management).

If that wasn't’ enough, the folks over at Fetch also claim to have developed an “artificial intelligence-based module” that can automatically devise solutions for companies facing issues in relation to things like inventory management, transportation of goods etc.

Other Notable Details

  • The sale event is all set to commence on the 25th of February, 2pm London time. It will conclude a week later on the 2nd of March (at 2pm GMT).
  • Even though exact price details are not yet known, a representative for Binance did say that the tokens will only be available for purchase through Binance’s very own BNB cryptocurrency.
  • In all, Fetch will be releasing a total of 1,152,997,575 coins on its launch day.
  • The tokens will be available on a first-come-first-serve basis.

Binance is Adding a StableCoin to its Platform

In addition to hosting the upcoming Fetch ICO, the folks over at Binance also announced that they will be adding support for the StableUSD (USDS) token to their platform on the 6th of February. As a result of this move, traders making use of Binance will now be able to gain access to two new currency pairs, namely:

  • BNB/USDS
  • BTC/USDS

At this point in the article, it is also worth mentioning that the USDS is a stablecoin whose price is pegged to the dynamic value of the US Dollar.

“USDS has engaged a top-ranking auditing firm to conduct quarterly audits and release weekly balance attestations of the corresponding USDS and USD balances held/issued.”

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