ICOs are still being used as a method to fund small businesses as demonstrated by Fetch.AI who attracted over 19,860 people register to buy and successfully raised $6million from 2,758 investors in 10 seconds.
Fetch.AI based in Cambridge in UK said they were “aiming to get as many people involved as possible so they limited the maximum number of tokens one could buy to only $3,000”.
It is likely we will see a lot more firms using Digital Assets to raise relatively small amounts of capital, rather than exploring the traditional funding route.
On February 25, a new token will be released on the Binance Launchpad. Called Fetch.AI, it defines itself as the first decentralised infrastructure in the world for the implementation of digital “autonomous economic agents”.