> ## Content Index
> Fetch the complete content index at: https://dexplain.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Fetch.ai first token on Bitfinex’s new Catalyst Sale
- URL: https://dexplain.com/fetch-ai-first-token-on-bitfinexs-new-catalyst-sale/
- Published: 2020-08-26T09:55:00.000Z
- Updated: 2021-12-01T09:57:03.000Z
- Description: Fetch.ai first token on Bitfinex’s new Catalyst Sale, participants can receive a 50% bonus in FET. Time to invest in artificial intelligence?
- Author: wizardfromspace
- Tags: Project Review, Bitfinex, Fetch.ai, Crypto News, defi

Fetch.ai will be the first project to feature on Bitfinex’s new [Catalyst Token Sale](https://tokensales.bitfinex.com/token-sale/5f3a634febcd1c2523c0a198/Fetch?ref=dexplain.com). When the event starts on the 27th of August, 1,000,000 FET tokens will be sold at spot price. This is a first-come, first-serve token sale with successful participants receiving an additional FET bonus of 50%. And one of the first products powered by Fetch.ai just launched: Mettalex.

### Mettalex is here

[Mettalex](https://mettalex.com/?ref=dexplain.com) is a decentralized crypto and commodities derivatives trading platform, powered by Fetch. The project aims to tokenize the $2.5 trillion commodities market. And starting September 1st, the first one million MTLX tokens will be allocated to FET holders. Meaning this is a great time to discover Fetch!

### What is Fetch.ai?

[Fetch.ai](https://fetch.ai/?ref=dexplain.com) aims to become a core part of the new autonomous economy, the one powered by artificial intelligence. Essentially, Fetch is a decentralized machine learning network that works to improve and expand economic activity. This means the software can deliver actionable predictions, generate powerful collaborative models, pinpoint inefficiencies and streamline processes – all on its own. Furthermore, the software is open-source allowing any organization to build on top of it.

- A deep team of AI experts, CEO Humayun Sheikh and CTO Toby Simpson both worked extensively on **Google DeepMind** before starting Fetch.

**Numerous use cases:** Fetch collaborates with universities such as Cambridge University or Imperial College London. To demonstrate how their autonomous agents can reduce costs in various sectors: manufacturing, commodities, supply chain, telecommunications, energy reduction, and more.

**Looking to the future:** We have here a UK based [cryptocurrency project](https://dexplain.com/tag/project-review) that is successfully building AI tech while showcasing its uses and profitability on a global scale. Fetch has a small market cap under $100 million. Whereas, the world’s AI sector has an estimated value of over $20 billion. Just recently, they signed a partnership to [bring machine learning to Waves](https://medium.com/wavesprotocol/fetch-ai-partners-with-waves-to-bring-machine-learning-to-more-chains-via-the-gravity-protocol-cd9418669310?ref=dexplain.com) – the future looks promising.