Fetch.ai has announced the upcoming listing of its FET token on Bitfinex, and the launch of the Deposit Rewards competition.
The listing on the popular exchange will be active from 10:00 UTC on Tuesday, August 18th, 2020, whereas the deposits of FET tokens were opened today, Tuesday, August 11th, 2020, at 10:00 UTC. Withdrawals will be enabled when the trading starts.
The available exchange pairs will be FET/USD and FET/USDt.
Fetch.ai is an artificial intelligence laboratory based in Cambridge and is building a decentralized, tokenized and open access machine learning network. The goal is to enable an intelligent infrastructure built around a decentralized digital economy.
Fetch.ai’s network is based on an open-source technology that anyone can use, connecting to the network, and thus having access to the power of artificial intelligence on a secure, world-wide dataset, so that complex coordination activities can be carried out for the modern economy.
FET, the token of Fetch.ai listed on Bitfinex
The FET token has been available on crypto markets since March last year when it debuted at a price of over $0.4.
Since then, the price has fallen to a low of $0.01 during the collapse of global financial markets in March this year but has since risen to the current $0.10.
The CEO and co-founder of Fetch.ai, Humayun Sheikh, said:
“Bitfinex is one of the most trusted exchanges in the industry and offers order books with unparalleled liquidity. We’re excited to list FET on the platform, and look forward to growing our community of trading professionals”.
In addition to the listing of the FET token, the company also announced the launch of the “Go Fetch it!” contest.
This competition will take place from August 12th to 17th, 2020, and will distribute up to 300,000 FET tokens to Bitfinex users, for a total value of approximately $31,000.
To participate, users will simply need to deposit and store FET tokens in their Bitfinex wallet, but only the first 500,000 FET tokens deposited on the exchange each day will be eligible for rewards, based on the order of deposit.