Binance has made public the commencement of BitTorrent and Fetch.AI token sales through the newly incepted Binance Launchpad platform. Both initial coin offerings (ICOs) would be available on the platform for pre-ICO token sales for verified Launchpad users.
Binance went on to explain that the Launchpad program would offer ICOs every month in 2019. These offers would require know your customer (KYC) authentication along with other platform-specific eligibility criteria.
The platform would also serve as financial advisory service for the tokens whereas; users would be able to invest in promising projects without any fear of scamming.
Earlier on, BitTorrent also revealed that the peer-to-peer (p2p) network would be launching a Tron based tokens. Tron has recently acquired the p2p platform without any competition in a bid to reach the over a hundred million users using BitTorrent.
Whereas, Fetch AI as the name suggests is an artificial intelligence based blockchain network that is now launching its token. The token is aiming to target business sectors including; hospitality, travel and transportation, energy and supply chain.
The exchange is looking to evolve the crypto sphere by helping “promising” ICOs acquire funding in pre-ICO phases and scale the currency to better results.
Binance has also revealed a list of countries where the Launchpad would not facilitate users to invest in ICOs. The disclaimer also suggests that the list is subject to change depending on the ICO project.
The list includes countries known to be terror spots or in the grey regulation area, whereas some countries are on the list due to a blanket ban on ICOs. Among others, the list of 29 countries includes; Afghanistan, China, Iraq, Iran, Democratic People’s Republic of Korea, Lebanon, Sri Lanka, Libya, Thailand, Ukraine, Yemen, and the United States.