Fetch.AI (FET) is a pioneering cryptocurrency project at the intersection of artificial intelligence (AI) and decentralized blockchain technology. Designed to empower autonomous economic agents on a decentralized network, Fetch.AI enables machines to perform complex tasks such as data sharing, automated trading, and smart city coordination — all without human intervention. This comprehensive overview explores the tokenomics, historical fundraising events, and distribution model of the FET token, offering valuable insights for investors and tech enthusiasts alike.
Understanding Fetch.AI and Its Core Mission
At its foundation, Fetch.AI aims to build a decentralized digital world where software agents act autonomously on behalf of individuals, organizations, or devices. These AI-driven agents operate on the Fetch.AI ledger — a high-performance blockchain platform that supports machine learning integration and real-time decision-making.
The ecosystem leverages concepts from multi-agent systems, cryptography, and distributed computing to create scalable solutions for industries like transportation, energy, finance, and supply chain logistics.
Key components of the Fetch.AI network include:
- Autonomous Economic Agents (AEAs): Intelligent bots that can negotiate, transact, and learn.
- Machine Learning Integration: Enables agents to improve performance over time.
- Fetch Smart Ledger: A fast, secure, and energy-efficient blockchain optimized for agent-based interactions.
- AI & Data Marketplace: A decentralized hub where users can monetize data and algorithms.
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FET Token Overview and Economic Model
The native utility token of the Fetch.AI ecosystem is FET, which powers all operations within the network. It serves multiple critical functions:
- Staking: Validators and node operators must stake FET to secure the network.
- Transaction Fees: Used to pay for computations and interactions between agents.
- Governance: Token holders can vote on protocol upgrades and development proposals.
- Access to Services: Required to deploy and run autonomous agents.
Key Metrics (as of latest data)
- Current Price: ~$0.69
- Circulating Supply: 1,043,462,805 FET (~90.5% of total)
- Max Supply: 1,152,997,575 FET
- Market Cap: ~$722 million
- Fully Diluted Valuation (FDV): ~$798 million
- 24h Trading Volume: ~$10.7 million
These figures reflect strong market presence and sustained demand, particularly amid growing interest in AI-driven blockchain projects.
Fetch.AI Token Distribution Breakdown
Understanding how FET tokens were allocated provides insight into the project’s long-term sustainability and fairness of distribution.
Total Token Allocation
The maximum supply of FET was capped at 1,152,997,575 tokens, distributed across several categories:
- Private Sale (11.6%): 133.7 million FET sold to early investors between March and September 2018 at $0.0527 per token.
- IEO on Binance Launchpad (6.0%): 69.2 million FET offered during a single-day event on February 25, 2019, priced at $0.0867.
- Team & Advisors (15%): Allocated with vesting schedules to ensure long-term commitment.
- Foundation & Ecosystem Development (30%): Reserved for grants, partnerships, research, and community initiatives.
- Network Incentives (37.4%): Distributed over time to validators, stakers, and agent operators to maintain network activity and security.
This balanced allocation emphasizes decentralization and ecosystem growth over short-term profit motives.
Fundraising Events: Private Sale and IEO
Private Sale (2018)
Fetch.AI raised $7.05 million during its private sale phase from accredited investors and strategic partners. The sale occurred over seven months and helped fund initial development efforts.
- Sale Price: $0.0527 per FET
- Investor ROI (as of current price): Over 13x
- Purpose: Core development, team expansion, infrastructure setup
IEO on Binance Launchpad (2019)
The Binance Launchpad IEO marked a major milestone for Fetch.AI’s visibility and adoption.
- Date: February 25, 2019
- Amount Raised: $6 million
- Tokens Sold: 69,205,152 FET
- Price per Token: $0.0867
- ROI for Early Buyers: Approximately 8x at current levels; peaked higher during bull markets
This event not only provided capital but also introduced FET to millions of retail investors through one of the world’s largest crypto exchanges.
Smart Contract Security and Audits
Security is paramount in any blockchain project. Fetch.AI has undergone rigorous third-party audits to ensure code integrity and resistance to exploits.
Audited by:
- Certik – A leading blockchain security firm that conducted comprehensive smart contract reviews.
- SlowMist – Another top-tier auditor that verified backend systems and defense mechanisms.
Both audit reports confirmed robust security practices, enhancing investor confidence in the platform’s reliability.
Strategic Partnerships and Ecosystem Growth
Fetch.AI has formed key alliances to expand its real-world utility:
- Bosch Global Collaboration: Joint initiative to establish a new foundation promoting AI and Web3 innovation.
- Merge Proposal with SingularityNET and Ocean Protocol: A transformative plan to unite three major AI blockchain projects into a unified super-intelligence network called “Artificial Superintelligence Alliance” (ASI).
This merger could significantly amplify Fetch.AI’s technological reach and market valuation.
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Core Keywords
Fetch.AI, FET token, AI cryptocurrency, Binance Launchpad, tokenomics, decentralized AI, autonomous agents, blockchain machine learning
FAQ Section
Q: What is the total supply of FET tokens?
A: The maximum supply of FET is capped at 1,152,997,575 tokens. No additional tokens will be minted beyond this limit.
Q: Where can I buy FET tokens?
A: FET is listed on major exchanges including Binance, OKX, KuCoin, and others. You can trade it against BTC, ETH, USDT, or fiat pairs depending on the platform.
Q: Is Fetch.AI secure? Has it been audited?
A: Yes. Fetch.AI contracts have been audited by reputable firms like Certik and SlowMist, confirming strong security standards.
Q: What role does FET play in staking?
A: Users can stake FET to become validators or delegate to nodes. Staking helps secure the network and earns rewards in return.
Q: What is the ASI merger?
A: The Artificial Superintelligence (ASI) alliance proposes merging Fetch.AI, SingularityNET, and Ocean Protocol into a unified ecosystem for advanced AI services on blockchain.
Q: How has FET performed since its IEO?
A: Since its IEO price of $0.0867 in 2019, FET has delivered over 7x returns at current prices — with much higher peaks during previous market cycles.
With its strong technical foundation, transparent token distribution, and visionary roadmap centered on decentralized AI, Fetch.AI stands out as one of the most promising projects bridging artificial intelligence with blockchain innovation.
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