Latest Binance Launchpad Project Starts Partnership With T-Mobile Owner
Binance is one of the leading crypto exchanges in the world. The company, which is often featured as the exchange with the highest trading volume in the market, is seeing the Binance Launchpad, its Initial Exchange Offering (IEO) platform, getting a lot of attention recently.
Not only the exchange is getting attention, but also the tokens which were featured there. Everybody remembers how successful the BitTorrent (BTT) IEO was. The company, which was bought by Tron’s Justin Sun, was one of the biggest hits of the year.
There is another project, however, which is having a considerable share of luck these days: Fetch.AI. You may remember the company as well if you follow Binance news, however, it is not as famous as the other project currently is.
In any case, Fetch.AI was originally launched on the Binance Launchpad and now the company is focused on starting a partnership with the T-Mobile owner, T-Labs. T-Labs is a unit of the Deutsche Telekom, the fifth largest telecommunications company in the world.
The idea of this new project is that it is set to allow Internet of Things (IoT) devices to make their own transactions without having any kind of human intervention. This kind of technology is very important when we consider the gains that it can bring to the table, as it will be able to automatize several operations.
This will enable the creation of a network in which a high performance will be possible and that will facilitate communications between digital agents.
According to the official announcement made by T-Labs and Fetch.AI, the two companies are a part of the new but well-known Trusted IoT Alliance. The vice president of T-Labs, John Calian, has affirmed that it is very exciting to finally see the partnership working out and that it will deliver value “where no value existed before”, something pretty important for the company.
Binance Is Pretty Much The Winner of 2019 So Far
With its BNB token’s price up 450% this year, Binance is surely one of the biggest winners of 2019 until now, if not the biggest winner. The Binance Launchpad platform has been helping several successful projects to be launched this year and it was part of why the price of the tokens grew so much.
Also, it is important to notice that the launch of the Binance Chain, the migration of some projects and the fact that BNB holders will now have preference during the future IEOs are all reasons why Binance has seen such a great 2019 so far.