Cryptocurrency exchange, Bitfinex, is planning to list Fetch(FET) on August 18. According to a blog post on its website, the company has been offering a deposit competition with 300k FET prize pool.
The competition has been taking place every day since August 12, and expected to end on August 17.
To be eligible for the reward, users should deposit and hold FET tokens in their Bitfinex wallet. Whereby, one is expected to deposit up to 50,000 FET into their Bitfinex account in order get up to 10% additional tokens on a first-come-first-serve basis.
Fetch (FET) aims to be a leader in research and also the deployment of emerging technologies such as blockchain and AI.
At the time of publication, the asset was trading around $0.107, having added over 6% today.
The coin has a market cap of slightly over $83 million and its 24 hour volume stands at $13 million. With a circulation supply of around 772 million and maximum supply of around 1.1 billion, the asset is poised to skyrocket possibly with the increased crypto speculation accompanied by mass digital asset adoption.
However, it is prudent to do finer research before investing your money in some of these projects.