Binance to Share Info on Fetch.AI Tokensale

The technical side of the new campaign is one of the most interesting issues for potential participants
25 February 2019   724

The Binance cryptocurrency exchange, which is preparing to hold the next tokensale on its Binance Launchpad platform today at 17:00 Moscow time, made an important technical note regarding participation in it.

We can confirm that upon the timer reaching zero on the fetch.ai token sale page, you will need to refresh the page to place your order.
 

Binance at Twitter

The technical side of the Fetch AI campaign is one of the most pressing issues for potential participants, since the previous campaign on the Binance Launchpad platform, organized by the project BitTorrent, was a failure in this context.

In addition, this morning, Binance fixed the price of the BNB token, which will be used to purchase the FET during the crowdsale. Based on the price of BNB at $ 10,1001, Binance estimates 1 FET at 0.008584 BNB. The maximum amount available for purchase will be 34,602 FET (297.02357 BNB or $ 3,000), the minimum - 230 FET (1,97432 BNB or $ 20). During the public part of the campaign, Fetch.AI intends to raise up to $ 6 million.

Before taking part in the tokensale on the Binance Launchpad platform, users need to pass verification on the exchange itself and accept the agreement to purchase tokens on the campaign page.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   271

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.