Bitfinex launches technology solution to support secondary token sales

2020-8-18 15:57

Bitfinex Token Sales Inc., announced today the launch of Catalyst Sales, a plug-and-play technology solution to support secondary sales in the digital asset ecosystem. In conjunction with this launch, Fetch.ai will conduct the first Catalyst Sale using the Bitfinex Token Sale technology.

Catalyst Sales provide token issuers the opportunity to leverage the Bitfinex Token Sales’ technology to conduct a token sale and grow their community. Catalyst Sales give BTS users the opportunity to receive bonus tokens to encourage them to learn more about and try out the token issuer’s network.

“Bitfinex Token Sales envisions another industry innovation, the technology that powers the first formal secondary sales in the ecosystem. Catalyst Token Sales will aid in expanding user access to tokens while simultaneously helping the ecosystem flourish,” said Paolo Ardoino, CTO at Bitfinex Token Sales.

Fetch.ai will conduct the inaugural Catalyst Sale on August 27th, 2020.

Fetch.ai combines the benefits of several domains, including blockchain, artificial intelligence, and machine learning to create the infrastructure required for autonomous software agents to begin performing useful economic work on behalf of individuals, businesses, and organizations. Fetch.ai recently upgraded its mainnet which enables individuals to develop and deploy decentralized real-world applications using the native FET token.

“We are very pleased to have this opportunity to conduct a Catalyst Sale and believe fully in Bitfinex Token Sales’ visionary technology to create a secondary token sale opportunity,” said Fetch.ai CEO Humayun Sheikh. “The Catalyst Sale will allow us to offer our disruptive technology to a broad swathe of new users, giving them access to a world powered by decentralized AI.”

The Fetch.ai Catalyst Sale opens at 10:00 AM UTC August 27th, 2020. When the sale opens, a limited quantity of Fetch.ai tokens (FET) will be sold at the spot price, with successful contributors receiving an additional FET bonus of 50%. The bonus tokens will be distributed in four equal tranches on September 6th, 16th, 26th, and October 6th respectively.

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