Fetch.ai is an artificial intelligence-based blockchain project. What is the cryptocurrency FET coin? How does Fetch.ai work? Answers to your questions…
What is Fetch.ai?
Fetch.ai is a decentralized blockchain network that provides tools and services aimed at connecting Internet of Things (IOT) algorithms. The work of the project, which became operational in 2017, was carried out by Humayun Sheikh and Thomas Hain. It is defined as an innovative platform that connects IoT (Internet of Things) devices and algorithms to enable collective learning. Fetch.ai is built on a highly efficient granular ledger.
Fetch.ai has a dynamic, fast-growing international team of engineers and technology researchers working on blockchain, artificial intelligence and multi-agent systems. The Fetch.ai team consists of world-class multi-disciplinary software engineers and researchers developing promising new technologies. If an example is given to the study areas; multi-agent systems, machine learning, economics and cryptography.
In addition, Fetch.ai collaborates with the best academics and corporate partners from all over the world to further develop solutions. Fetch.ai network brings together technologies such as distributed ledger, artificial intelligence and machine learning under one roof and offers it to users. Users can perform DeFi transactions within the network and also access artificial intelligence infrastructure services. Fetch.ai offers smart contracts to deploy machine learning and AI solutions for decentralized problem solving. Open source tools are designed to help users build ecosystem infrastructure and deploy trading models.
What is FET Coin?
The cryptocurrency of the Fetch.ai network is FET coin. The FET was launched on February 25, 2019 and was exhausted in about 15 minutes. FET enables its users to use various artificial intelligence, decentralized economy, DeFi, and machine learning tools within the network. In order to distribute the tools in the network, the developers must have a FET. In addition, the FET coin is used to verify transactions on the network and pay transaction fees. With the staking feature of FET coin, verification transactions can be made. Users who own FET coin can get additional token rewards at maturity by locking their assets with a certain maturity. In addition, companies can use FET coin for purposes such as creating and training intermediaries. Having a FET is essential to develop a decentralized economy on the network.
How and Where to Buy a FET?
FET, the cryptocurrency of the Fetch.ai platform, is listed on many cryptocurrency exchanges. As an example of these; Platforms such as Binance, Coinbase Exchange, KuCoin, Kraken, Bitfinex, Gemini, Gate.io, Bitget, Crypto.com Exchange, Binance.US, LBank, Bitrue, CoinEx, PancakeSwap (V2) can be given. Investors who want to buy FET must first become a member of one of these exchanges. After the account creation and authentication processes are completed, the trading page opens. The desired amount of FET coins can be purchased on the screen that opens. Purchased FET coins can be used in transactions or stored in secure wallets for later use.