The ICO platform of the world’s largest cryptocurrency exchange – Binance Launchpad, has revealed a new initial coin offering following the success of its previous three, including BitTorrent (BTT) ICO.
The Aftermath of BitTorrent ICO’s Success
Binance Launchpad, while still fairly nascent, has quickly proven itself as a formidable platform for launching ICOs. It has facilitated the launch of three projects so far, and all of them have managed to reach their pre-determined goals. These include BitTorrent, BREAD, and GIFTO.
In fact, BitTorrent’s ICO managed to sell a little less than 60 billion BTT tokens in less than 15 minutes, running two sessions simultaneously. The event ended up raising a total of $7,128,000.
Following the ICO, BTT price surged, currently trading at about 9 times its initial value, according to data from CoinMarketCap. The increase followed numerous listings on major cryptocurrency exchanges such as Binance itself, OKEx, KuCoin, and others.
Furthermore, the native token of Binance – Binance Coin (BNB), has also surged in price since the happening. Yesterday, despite the market-wide pullback, BNB rose with over 14 percent, entering the top 10 cryptocurrencies in terms of market capitalization.
Binance Launchpad shows absolutely no signs of slowing down. The platform has already added a new ICO which is supposed to take place on February 25th.
The project is called Fetch.AI. As per its description, the team combines artificial intelligence, machine learning, DLT, and multi-agent systems in order to increase the efficiency of the economy’s participants through effective predictions and introductions.
There is still a lot of information to be disclosed, but the official date and the end date of the ICO are already known.
Interestingly enough, the ICO will only last for 7 days, which is uncharacteristic for projects of the kind. As a matter of fact, this seems to be a common pattern in the projects launched on Binance Launchpad, as all of them are selling out particularly quick.
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