Fetch.AI

What is the Token?

• Fetch.ai

• (FET) is an Ethereum-based token powering a decentralized platform for machine learning and AI applications, including asset trading and energy optimization.

• It enables a network of autonomous agents to communicate and learn from each other.

Tokenomics

• FET is used for transactions, AI deployment, and network fees within the

• Fetch.ai

• ecosystem, with staking opportunities for network security.

• Token distribution includes 20% to the Foundation, 20% to Founders, 17.6% to token sales, 17.4% for future releases, 15% to mining, and 10% to advisors, fully unlocking by 2025.

Market Data

As of today 19 May 2024, the price of Fetch.AI is ₹207.79 INR, with a 24-hour trading volume of 139562254.34 USD. The market capitalisation for Fetch.AI is 1945968946.47USD. The circulating supply is 848193895.91 Fetch.AI, with the total supply also being 1152997575 Fetch.AI.

Token Pros and Cons

Pros:

• Fetch.ai supports a diverse array of applications in the DeFi, energy, and travel sectors through the integration of AI and blockchain technologies.

• It provides users with the opportunity to create, deploy, and train their own digital agents within its ecosystem.

• The platform benefits from strategic partnerships with notable companies such as Bosch and offers rewards for staking.

Cons:

• The price of FET is highly volatile, which may present a risk to investors.

• The complexity involved in integrating AI with blockchain technology presents significant technical challenges.

Why Should You Invest in the Coin?

• FET presents an investment opportunity through its innovative AI-blockchain blend, promising applications across several sectors, and potential returns from staking.

USP of the Coin

uniquely combines AI with blockchain to facilitate a decentralized network of autonomous agents, enhancing applications across various industries.

Problem the Coin is Solving

• Fetch.ai

• aims to tackle data inefficiency by integrating AI and blockchain, connecting data sources for diverse applications from healthcare to DeFi.

Founder and Team Background

• Founded by Humayun Sheikh and Toby Simpson,

• Fetch.ai

• is developed by a Cambridge, UK-based team focusing on decentralized AI infrastructure.

ICO Price

• Fetch.ai

• held its IEO on Binance Launchpad on February 25, 2019, setting the FET price at $0.0867 and offering 69,204,152 FET (6% of the total supply) with a $6 million cap. At ICO, its market cap reached $66,633,111, with a valuation of $736,277,473, ultimately raising $83,050,000.

• The public sale contributed $13,050,000 (16%), while other rounds added $70,000,000 (84%), valuing Fetch.ai at $250 million. FET is now available on multiple exchanges and supports Fetch and Atomic Wallets.

Risks Associated in Investing in the Coin

• Investing in FET carries risks of market volatility and technical complexities due to its reliance on AI and blockchain technologies.

Whitepaper Insights

Fetch.ai operates as a decentralized, open-access network leveraging blockchain for machine learning. It links devices and services with the Internet of Things (IoT) and enables participation from other entities, including humans. Fetch.ai develops tools and infrastructure essential for fostering a decentralized digital economy. At the heart of this ecosystem is the native FET token, which is essential for network registration, serves as the main form of payment, and provides incentives for node operators. The FET token is exclusively used for value exchange within the network, driving the AI-supported machinery. FET is also staked for the network's security, and by betting FET, users can use all network tools and features.