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ICO Fetch.AI on Binance (BNB) as a Trend Reversal Marker

About a month ago, Binance held a sensational ICO BitTorrent (BTT). We must say, not brilliantly – there were questions. Although the success of BTT – undoubted. Today, the token posts just indecent x, as for now.

Heavy burden of leadership

But Binance behaves nervously. Rumors that Binance is experiencing problems have been circulating for some time. In the end, its CEO CZ (Changpeng Zhao) had to justify himself – he stated, recently the platform has been experiencing increased loads “due to fluctuations in the value of digital money.” Users note delays in work, which CZ explains by “carrying out an automatic scaling procedure.” Binance is considered to be # 1 by volume for a long time (today according to Coinmarketcap it is # 3). To some extent, platform overload indicates a revival of the market. But there are other reasons. A few months ago CZ announced that they started developing a decentralized Binance exchange. A few days ago they rolled out the beta version. DEX will operate on its own Binance-chain. The Binance Coin (BNB) token, which is currently working on the Ethereum blockchain, will also be transferred to Binance-chain. CZ claims that its own blockchain will, of course, be faster, and transactions – cheaper. By the way, BNB tokens is used to pay exchange fee – with a 50% discount.

And the icing on the cake is the Binance Launchpad – own platform for launching ICO. As the ICO BitTorrent (BTT) event has shown, the platform is so-so, many investors have been offended. But there is one moment that not everyone pays attention to: you can by ICO tokens with… That’s right – with BNB! Well, in the case of BTT, also TRON (TRX), which bought BitTorrent, was accepted of course. Easy task for investors: How should a BNB token react to an ICO? Well, that’s right! It seems to be reacting so. But somehow sluggish.

AI in blockchain

The new ICO on Binance Launchpad was as lightning-fast as the previous one. Despite the fact that the Fetch.AI project did not have a big hipe, it collected its $ 21M almost instantly. What is the fate of the FET token is also understandable.

For information: Fetch.AI is a decentralized digital world called the Open Economic Framework (OEF) with useful economic activity, is performed by Autonomous Agents. These are digital entities that can transact independently of human intervention and can represent themselves, devices, services or individuals. Agents can work alone or together to construct solutions to today’s complex problems.

An important feature is the smart ledger. According to the authors, this is a new generation of learning ledger that provides a collective super-intelligence to support agents’ individual intelligences.

Cool idea. But there were a lot of same good ideas last year – with no result. By the beginning of the ICO FET, the BNB token dropped at 5.2% (from $ 10.09 to $ 9.54), and then rised to almost the same level. It stayed on its own position, contrary to trading logic. But the FET should still follow the logic. We’ll see. Anyway, BNB is still confidently in the top ten by capitalization.

Cool idea. But there were a lot of same good ideas last year – with no result. By the beginning of the ICO FET, the BNB token dropped at 5.2% (from $ 10.09 to $ 9.54), and then rised to almost the same level. It stayed on its own position, contrary to trading logic.

But the FET should still follow the logic. We’ll see.

Anyway, BNB is still confidently in the top ten by capitalization.

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