Massive Demand Sees Fetch AI ICO concluded Under 12 Minutes

Fetch.ai, an AI and digital Economics company, completed sale of 64,204,152 Fetch tokens in 11 minutes 40 seconds, February 25 2019, according to binance Labs blog. The ICO which took place on binance Launch pad, saw a huge buy pressure from ico participants.

Binance Launchpad is the exclusive token sale platform for the most transformative crypto projects. The completion of Fetch ICO marks the second project to be offered on the binance launchpad. While the ico was over in less than 12 minutes, some users reported difficulties, limiting them from participating successfully. Users hope these issues will be resolved, as they look forward to participate in the next Launchpad toKen sale.

From Binance Dex to AfroDEX, are Crypto Projects Creating New Safe Havens for Users

Centralised exchanges (CEX) are designed to hold cryptocurrencies in centralised reserves- which, by the way, goes against the decentralised nature of blockchain systems- and can result in large scale losses, as we see in the recent cryptopia exchange hack as well as canadian crypto exchange QuadrigaCx, whose CEO died holding the keys to $190M worth of digital assets. DEX (decentralised exchanges) on the other hand, allow users to manage their private keys. This means DEX have limited vulnerability to large scale hacks, compared to CEX counterparts. However, DEX are not so common, and indeed for obvious reasons, such as the complex coding work required to build them.

Talking about DEX, Changpeng Zhao, founder of the world's largest crypto trading platform- Binance, announced plans to launch Binance DEX testnet in a tweet February 12, 2019. Earlier in august last year, a sneak peek of the proposed DEX was offered to the public.

Speculation over the actual launch date received answers February 7 2019, during an AMA session with CZ. Responding to a question, he, CZ said "very soon we will open the beta, in about a week or so, I would guess, but again, don't quote me on that"

In a similar trend, a new crypto project with a DEX exchange, which offers support for erc20 tokens, has emerged in Africa. The parent company, AfroDex Labs, has come under the radar for its large supply of 1 quadrillion tokens.

When the project's telegram community asked the reason for the huge supply, Emmanuel Adams, the project's founder, said long and hard consultations were made before deciding on the supply. Furthermore, he assured the community that the issue is thoroughly addressed in the FAQ section of the project's website, also noting that AfroDex Labs has 10 broad product categories including AfroPay, AfroVault and AfroDex. Finally, he stated that AfroDex Labs is focused on making AFDLT tokens useful for transactional purposes, not merely speculative functions.

Centralised exchanges are very popular today, and most traders still use them, despite the threats from hackers and exit scams. However, in the future, it appears that DEX will be the drivers of the exchange market, as more people will opt for SAFU platforms, where they would have control over their own private keys, as will indeed be possible on DEX.




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Whitex, the next Binance?

Anonymous creators of the Bitwhite Decentralised apps platform, announced the launch of its own exchange-Whiteex, February 3rd 2019 according to a post made on its telegram community.

Bitwhite is a decentralised app platform created by the 'Soviet of 12'-the core developers of the BitWhite blockchain- in November 2017.  The BitWhite team considers the launch of its own exchange an admirable objective, as it continues to pursue the accomplishment of its roadmap targets, despite falling crypto prices. The exchange will purportedly increase the number of bitwhite coin hodlers as it will be a trading Base pair on the exchange. When asked about how the exchange will tackle concerns over growing hack attacks facing centralised exchanges, the developers said "the exchange is built with the latest security systems" adding that the exchange is a hybrid exchange (part centralised and part decentralised). The BitWhite digital assets trading platform has been dubbed another binance in the works, as it offers several innovative features, according to the original BitWhite telegram community update

Furthermore, the BitWhite team also announced the launch of its payment aggregator, Whitepay, with a broad range of use case features.

While it is yet not clear when the whiteex will go live, sources within the BitWhite administration say beta launch will take place in the first quarter of 2019. Bitwhite coin is listed on CMC, and is trading at $0.00369 at the time of filing this report.