<h2 dir="ltr">What Is Fetch.ai Used For?</h2><a href="https://coin360.com/learn/fetch-ai-revolutionizing-crypto-ai" previewlistener="true">Fetch.ai</a> is a platform designed to automate and optimize complex systems using artificial intelligence in a decentralized network environment.&nbsp;The platform allows for the development, deployment, and orchestration of AI agents that can perform tasks autonomously. These agents interact within a digital economy to solve problems in real-time, ranging from energy distribution optimizations to complex supply chain solutions.&nbsp;Fetch.ai aims to reduce the need for human oversight in systems that benefit from autonomous solutions to enhance efficiency across various industries.<h2 dir="ltr"> </h2><h2 dir="ltr">When Did Fetch.ai Launch?</h2>Fetch.ai officially launched in 2017. The project was initiated to integrate blockchain technology with the burgeoning field of artificial intelligence, which focuses on creating a decentralized network where digital representatives of the economy’s moving parts could operate autonomously.&nbsp;The launch marked the beginning of an ambitious journey to redefine how devices, services, and algorithms interact in the digital and real-world sectors without central oversight. Check out other <a href="https://coin360.com/learn/ai-crypto-revolution-top-projects-investment-tips" previewlistener="true">AI crypto projects that are transforming the blockchain industry here</a>.<h2 dir="ltr"> </h2><h2 dir="ltr">Is Fetch.ai an ERC20 Token?</h2>Initially, FET was launched as an <a href="https://coin360.com/glossary/erc-20" previewlistener="true">ERC20 token</a> on the Ethereum network to facilitate early access and usage by developers. With the launch of the Fetch.ai Mainnet, a native version of the FET token became available.Currently, <a href="https://fetch.ai/docs/concepts/fetch-network/native-and-erc20-fet-tokens" previewlistener="true">both ERC20 and native FET tokens</a> coexist, and users can <a href="https://fetch.ai/docs/guides/fetch-network/how-to-convert-fet-to-and-from-erc20" previewlistener="true">convert</a> their ERC20 FET tokens to native FET tokens.&nbsp;<h2 dir="ltr"> </h2><h2 dir="ltr">What Is the Use Case of FET Coin?</h2>FET, the native token of Fetch.ai, plays a crucial role as the reserve currency within the Artificial Superintelligence Alliance—a collaborative effort involving Fetch.ai, SingularityNET, and Ocean Protocol.&nbsp;The coin is <a href="https://medium.com/fetch-ai/superintelligence-alliance-token-merge-a85530678629" previewlistener="true">set to be renamed</a> to ASI pending successful governance votes across the alliance's communities. This renaming aligns with the alliance's shift towards a unified platform for artificial superintelligence.The primary use cases of FET include:<ul><li dir="ltr" aria-level="1">Transaction Fees and Operations: Serving as the medium for transaction fees on the network, facilitating operations, and interactions among AI agents.</li><li dir="ltr" aria-level="1">Governance and Voting: Enabling token holders to participate in governance decisions, influencing the future development and protocols of the Fetch.ai ecosystem.</li><li dir="ltr" aria-level="1">Staking and Security: Providing a staking mechanism that enhances the network's security and integrity, encouraging users to lock in their tokens in return for rewards.</li></ul><h2 dir="ltr"> </h2><h2 dir="ltr">How Many FET Coins Are There?</h2>The total supply of FET, <a href="https://fetch.ai/blog/fet-token-supply-increased-to-support-forthcoming-asi-token-merge" previewlistener="true">soon to be ASI</a>, is capped at 2.63 billion tokens. This cap includes the additional tokens minted as part of the transition to the Artificial Superintelligence Alliance:<ul><li dir="ltr" aria-level="1">Original FET Supply: The pre-existing supply of Fetch.ai tokens.</li><li dir="ltr" aria-level="1">Additional Minting: As part of the alliance formation, 1.48 billion new tokens will be minted to accommodate the contributions from <a href="https://coin360.com/coin/singularitynet-agix" previewlistener="true">SingularityNET</a> (AGIX) and <a href="https://coin360.com/coin/ocean-protocol-ocean" previewlistener="true">Ocean Protocol</a> (OCEAN).</li></ul>Of the new mint:<ul><li dir="ltr" aria-level="1">867 million ASI tokens are allocated to AGIX holders.</li><li dir="ltr" aria-level="1">611 million ASI tokens are allocated to OCEAN holders.</li></ul>This restructuring of the token supply is designed to facilitate a smooth transition to the new ASI token and maintain a balanced and equitable distribution among stakeholders of the three participating platforms. The swap rate for transitioning from FET to ASI is set at a 1:1 ratio to ensure that holders have a direct stake in the new ecosystem without any loss in token value.<h2 dir="ltr"> </h2><h2 dir="ltr">Is FET a Good Investment?</h2>The potential for investing in FET coin depends on a variety of factors that align with both market trends and personal investment goals. Below is a table that outlines some reasons you might consider for or against investing in FET coin.<h3 dir="ltr">Should I Invest in FET?</h3><table border="0" width="100%" cellpadding="0" cellspacing="0"><tbody><tr><th>Reasons for Investing in FET&nbsp;</th><th>Reasons Against Investing in FET&nbsp;</th></tr><tr><td>&nbsp;<ol style=""><li style="">Innovative Integration of AI and Blockchain: By harnessing the capabilities of AI, Fetch.ai offers a unique proposition within the blockchain space.</li><li style="">Growing Ecosystem: Developers can build on the Fetch.ai platform, potentially increasing FET's value.</li><li style="">Scalable Infrastructure: The platform supports a scalable multi-agent system architecture, which can accommodate a growing number of use cases.</li><li style="">Real-World Applications: Fetch.ai's technology has practical applications in industries such as logistics, energy, and finance, suggesting a broad market potential.</li></ol></td><td>&nbsp;<ol style=""><li style="">Market Volatility: Crypto markets can be unpredictable, and prices can fluctuate widely.</li><li style="">Regulatory Uncertainty: Changes in regulations could impact the use and value of FET.</li><li style="">Technical Complexity: The advanced nature of Fetch.ai's technology could be a barrier to adoption for those without a technical background.</li></ol> </td></tr></tbody></table>

Fetch.AI

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