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Zhao Changpeng or CZ, CEO of Binance, speaks in an interview with Bloomberg Television in Tokyo, Japan, on Thursday, January 11, 2018. The world's largest cryptocurrency exchange continues to grow. Binance.com adds "a few million" registered users each week, with 240,000 people registered in an hour on Wednesday, Zhao said. Photographer: Akio Kon / Bloomberg Photo Credit: & copy; 2018 Bloomberg Finance LP© 2018 Bloomberg Finance LP
The world of Crypto has its eyes on Fetch.AI, a cryptography project little known around the world about a month ago.
This has changed, thanks to Binance and its Launchpad, an SEO service for entrepreneurs who want to raise funds through chip sales.
"Binance Launchpad will start selling Fetch.AI chips (FET) at 2019/02/25 14:00 (UTC)," the world's first cryptographic exchange platform announced in a blog post February 1, 2019.
But what about Launchpad and why are we talking about Fetch.AI in such an enthusiastic tone? Let's go back to the beginning of this year.
Binance Launchpad is not something new. As "a platform for launching tokens for transformation projects," Previously, he had helped two cryptography projects to complete fundraisers in 2017. Following this, the platform remained silent in 2018, no project Being listed there.
In January 2019, Launchpad was successful with the sale of tokens for BitTorrent, the peer-to-peer technology for the Internet file-sharing service.
Binance and TRON, the cryptocurrency affiliated with BitTorrent, had the courage to launch a chip sale during this period. There is no doubt that the world of cryptography is currently going through a historic bear market. Since the "winter crypto" began around the middle of 2018, all major cryptocurrencies have suffered heavy losses. For example, Bitcoin, the most valuable cryptocurrency has lost more than 80% of its value since its highest value on December 17, 2018 to $ 20,089, according to historical data from Coinmarketcap.
Initial coin offers (ICO) were certainly affected by the long winter, as most struggled to raise funds to launch the underlying cryptographic projects.
However, the result is different when BitTorrent Tokens (BTT) continued its public sales on Binance Launchpad.
The sale took place in two sessions: one for purchases with Binance Coin (BNB) and another for purchases with TRON (TRX), according to Binance. blog article.
In just under 18 minutes, the project sold reached a record of 59.8 billion BTT, worth about 7.2 million dollars.
As the CEO and founder of Binance, Zhao Changpeng, tweeted later in the day, there were no technical problems with the Launchpad platform, the sale of chips could have ended in a few seconds.
The number was impressive, the success was huge. And that led us to today, while Fetch.AI, the second project selected by Binance Launchpad, is due to launch its chips sale on February 25th.
While Fetch.AI was largely unknown on this side of the world, it attracted attention in Europe from the people behind the project. & Nbsp; Many of the members of his management team were previously involved in DeepMind, a UK-based company. on artificial intelligence (AI) which was subsequently acquired by Google in 2014.
Fetch.AI pursues an ambitious goal: to create an infrastructure to combine blockchain technologies and artificial intelligence, according to its white paper. With such infrastructure, this project seeks to create a network in which economic activities in sectors such as the hotel, energy, supply chain and transport sectors could take place autonomously.
"Technologies such as Fetch.AI are disruptive: they act as disintermediation agents in the economy, remove barriers between centralized entities and open access to a world powered by decentralized artificial intelligence," Humayun Sheikh, CEO and co-founder of Fetch.AI, said in an email to Forbes.
In collaborating with Binance Launchpad, Sheikh said that it would allow the team to focus on their "revolutionary multi-agent platform."
"It is fantastic to have access to such collective knowledge and expertise in the cryptographic space across the global marketplace." Sheikh said in describing the work of his company with Binance.
Interestingly, Zhao, or CZ, unveiled at & nbsp;Forbes& nbsp; on his company's plan to create its own chain of blocks, called Binance Chain, at an event organized by Forbes in Singapore & nbsp; last December.
In this spirit, Binance's big boost on Launchpad seems quite logical now: by replacing the financing function of ICO, Launchpad will pave the way for the creation of & nbsp; Binance Chain, its own public blockchain.
In addition, & nbsp; The world's largest volume trading exchange has announced that it has released a public test of Binance DEX, a decentralized trading platform based on the Binance channel, according to a Press release from the company.
"Binance Chain has an almost instant transactional purpose, with blockages of one second. It's faster than other blockchains today, "CZ said in the release." Thanks to the Binance chain's core technology, Binance DEX can handle the same volume of transactions as the Binance site .com. It solves the problems that many other decentralized exchanges face with speed and power. "
From Launchpad to Binance DEX, the big changes that Binance has undertaken this year have shown only a small part of the company's big project for the world of cryptography.
Looking back at Fetch.AI, even though Binance did not explain in detail how he chose Fetch.AI as the second encryption project this year on Launchpad, it's clear that Fetch. AI has something in common with Binance.
They share the same goal: blockchain technology is becoming mainstream.
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Zhao Changpeng or CZ, CEO of Binance, speaks in an interview with Bloomberg Television in Tokyo, Japan, on Thursday, January 11, 2018. The world's largest cryptocurrency exchange continues to grow. Binance.com adds "a few million" registered users each week, with 240,000 people registered in an hour on Wednesday, Zhao said. Photographer: Akio Kon / Bloomberg Photo Credit: © 2018 Bloomberg Finance LP© 2018 Bloomberg Finance LP
The world of Crypto has its eyes on Fetch.AI, a cryptography project little known around the world about a month ago.
This has changed, thanks to Binance and its Launchpad, an SEO service for entrepreneurs who want to raise funds through chip sales.
"Binance Launchpad will start selling Fetch.AI chips (FET) at 2019/02/25 02:00 (UTC)," announced the world's first cryptographic exchange platform in a blog Feb. 1, 2019 .
But what about Launchpad and why are we talking about Fetch.AI in such an enthusiastic tone? Let's go back to the beginning of this year.
Binance Launchpad is not new. As a "symbolic launch platform for transformation projects", he had already helped two cryptography projects to complete fundraising sessions in 2017. After that, the platform remained silent in 2018, none project being listed.
In January 2019, Launchpad returned with the sale of chips for BitTorrent, the peer-to-peer technology for the Internet file-sharing service.
Binance and TRON, the cryptocurrency affiliated with BitTorrent, had the courage to launch a chip sale during this period. There is no doubt that the world of cryptography is currently going through a historic bear market. Since the beginning of "crypto-winter" around the middle of the year 2018, all major crypto-currencies have suffered significant losses. For example, Bitcoin, the most valuable cryptocurrency has lost more than 80% of its value since its highest value on December 17, 2018 to 20,089 USD, according to historical data from Coinmarketcap.
Initial coin offers (ICO) were certainly affected by the long winter, as most struggled to raise funds to launch the underlying cryptographic projects.
However, the result is different when BitTorrent Tokens (BTT) continued its public sales on Binance Launchpad.
The sale took place in two sessions: one for purchases with Binance Coin (BNB) and another for purchases with TRON (TRX), according to Binance's blog.
In just under 18 minutes, the project sold reached a record of 59.8 billion BTT, worth about 7.2 million dollars.
As the CEO and founder of Binance, Zhao Changpeng, tweeted later in the day, there were no technical problems with the Launchpad platform, the sale of chips could have ended in a few seconds.
The number was impressive, the success was huge. And that led us to today, while Fetch.AI, the second project selected by Binance Launchpad, is due to launch its chips sale on February 25th.
Although Fetch.AI is largely unknown on this side of the world, it has attracted attention in Europe thanks to the people who led the project. Many of the members of his management team were previously involved in DeepMind, a UK-based artificial intelligence (AI) company, which was later acquired by Google in 2014.
Fetch.AI pursues an ambitious goal: to create an infrastructure to combine blockchain technologies and artificial intelligence, according to its white paper. With such infrastructure, this project seeks to create a network in which economic activities in sectors such as the hotel, energy, supply chain and transport sectors could take place autonomously.
"Technologies such as Fetch.AI are disruptive: they act as agents of disintermediation in the economy, eliminate barriers between centralized entities and open access to a world powered by decentralized I & I said Humayun Sheikh, CEO and co-founder of Fetch.AI. in a reply email to Forbes.
In collaborating with Binance Launchpad, Sheikh said it would allow the team to focus on its "revolutionary multi-agent platform."
"It's fantastic to have access to such knowledge and expertise in the field of cryptography on the entire global market," said Sheikh, describing his company's work. with Binance.
Interestingly, Zhao, or CZ, unveiled for Forbes his company's plan to build its own chain of blocks called Binance Chain at an event organized by Forbes in Singapore last December.
In this spirit, Binance's big boost on Launchpad seems quite logical: by replacing the financing function of ICO, Launchpad will eventually pave the way for the creation of Binance Chain, its own public blockchain.
In addition, the world's largest transaction-based cryptocurrency exchange today announced the publication of a public test of Binance DEX, a decentralized trading platform optimized by Binance Chain, according to a press release. published by the company.
"Binance Chain has an almost instant transactional purpose, with blockages of one second. It's faster than other block chains today, "said CZ in his release." Thanks to Binance's core technology, Binance DEX can handle the same volume of transactions as Binance.com. This solves the problems that many other decentralized exchanges face with speed and power. "
From Launchpad to Binance DEX, the big changes that Binance has undertaken this year have shown only a small part of the company's big project for the world of cryptography.
Looking back at Fetch.AI, even though Binance did not explain in detail how he chose Fetch.AI as the second encryption project this year on Launchpad, it's clear that Fetch. AI has something in common with Binance.
They share the same goal: blockchain technology is becoming mainstream.
