The Fetch (FET) token sale went live on the Binance Launchpad only 2 days ago on the 25th of February. The exchange has announced a few moments ago, that it has successfully distributed all FET tokens to all Launchpad participants. The new owners of FET can confirm receipt of this tokens via the ‘Distribution History’ page in the User Center.
To view their FET balances, token sale participants should ensure that they have not selected the ‘Hide Small Assets’ option on the funds page. Once this is deselected, FET balances will be visible for all investors.
Trading to Open Tomorrow and Trading Pairs Available
The trading of FET will commence tomorrow, February 28th, at 10 am (UTC). FET will be paired against Bitcoin, Binance Coin and Tether through the following trading pairs
- FET/BNB
- FET/BTC
- FET/USDT
High Expectations
As mentioned in another article by Ethereum World News, the success of BitTorrent (BTT) during the token sale and once trading of the token was opened, set the pace for any other project on the Binance Launchpad. BTT sold out in 18 seconds and at its peak value on the 5th of February, it had a Return On Investment (ROI) of 970%. Such gains are record breaking and only a week after the conclusion of the sale event.
In the case of FET, the token sale sold out in 22 seconds. The following tweet by Binance CEO, Changpeng Zhao, summarizes the number of participants who managed to participate and those who were not successful.
https://twitter.com/cz_binance/status/1100040669752549378
What remains to be seen, is what peak value the token will achieve once trading is live on Binance. Many who were not successful during the BTT token sale, made sure they tried their luck with FET. The following video shows how a group of investors were anxiously waiting for the FET token sale to go live on Monday this week.
WOW – @binance Launch Pad hype 🙂 pic.twitter.com/3VBjWaxCi4
— Alexandre Dreyfus (@alex_dreyfus) February 25, 2019
What peak value will FET achieve once trading goes live on Binance tomorrow? Will it post incredible gains as BTT did? Please let us know in the comment section below.
[Image courtesy of Unsplash.com]
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
