Ticker: FET
Network: Ethereum (ERC-20)
Category: AI
Address: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85 (View on Etherscan)
About Fetch.ai (FET)
Fetch.ai (FET) is the native utility token of the Fetch.ai platform, a decentralized blockchain-powered network designed to enable autonomous agents and AI-based solutions. These agents are digital entities that represent individuals, devices, or organizations, autonomously executing tasks like data sharing, transaction processing, or optimizing supply chains.
Built as an ERC-20 token on Ethereum, FET facilitates interactions within the Fetch.ai ecosystem and is the fuel that powers autonomous agents. This versatile token is crucial for accessing Fetch.ai’s decentralized AI solutions, participating in staking, and securing the network’s operations.
Fetch.ai is part of the Artificial Superintelligence Alliance, collaborating with projects like SingularityNET and Ocean Protocol to unify decentralized AI under a single ecosystem. FET’s innovative applications span smart cities, DeFi, supply chain logistics, and beyond, making it a key player in the rapidly growing AI and blockchain space.
Key Points of Fetch.ai (FET)
Autonomous AI Agents
Fetch.ai enables digital agents to execute tasks autonomously, representing users in actions such as booking travel, optimizing energy use, or trading assets.
ERC-20 Standard on Ethereum
FET is listed as an ERC-20 token, allowing compatibility with Ethereum-based wallets and DeFi protocols. This ensures secure and reliable infrastructure while simplifying user access to Fetch.ai’s ecosystem.
AI-Powered Blockchain Applications
Fetch.ai focuses on practical applications of AI, from supply chain optimization to decentralized finance, driving innovation across multiple industries and positioning itself at the forefront of AI adoption in blockchain.
FAQ
1. What is FET used for?
FET is used to power autonomous AI agents and decentralized applications within the Fetch.ai ecosystem. It enables staking, governance participation, and payments for services executed by autonomous agents.
2. Is FET listed on its native network (Fetch.ai)?
No, FET is listed on Bitso as an ERC-20 token on the Ethereum network. While the native Fetch.ai network powers the platform’s AI-driven infrastructure, listing FET as an ERC-20 token ensures compatibility with Ethereum-based wallets and protocols, making it more accessible for users.
3. What about FET’s migration to Artificial Superintelligence Alliance token (ASI)?
The migration from FET to the ASI token is part of the Artificial Superintelligence Alliance’s roadmap. Bitso will continue to monitor and analyze the transition process to ensure a seamless user experience when the migration timeline is finalized and implemented.
4. How does Fetch.ai work?
Fetch.ai connects autonomous agents that interact on the blockchain to execute tasks for users. For example, a business could deploy agents to analyze energy prices in real time, optimizing electricity purchases based on cost and demand. The user pays for the service in FET, ensuring secure, efficient, and automated transactions.
5. How can I buy FET on Bitso?
Purchasing FET on Bitso is straightforward:
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Log in to your Bitso account and select "Buy/Sell."
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Choose the fiat currency or stablecoin (e.g., USDC, USDT) you wish to use to buy FET.
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Enter the amount you’d like to spend and select FET as the token you wish to purchase.
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Review the transaction details and tap on "Confirm" to complete your purchase.
Disclaimer
This Help Center article is for informational purposes only and does not constitute investment advice. AI tokens like FET are subject to market volatility and risks. Additionally, Bitso lists FET as an ERC-20 token, meaning interactions with the Fetch.ai native network require bridging assets to the network. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.