About Fetch.AI (FET)
The $FET token is the digital currency essential for network operations within the Fetch.AI ecosystem. It is utilized for conducting transactions and facilitating secure communication using cryptocurrency, thereby powering the Fetch.AI network.
In addition, nodes and agents are required to stake a certain amount of tokens in exchange for specific operational qualifications as a security mechanism to prevent malicious behavior.Ā
Fetch.AI combines machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to build its network and share knowledge across data silos with potential applications in the finance, insurance, and healthcare industries. Fetch.AI claims to make autonomous systems available to all markets. Currently, market autonomy requires both human and material resources. Fetch.AI purportedly automates economic transactions and helps markets function efficiently.Ā
Fetch.AI is a decentralized digital network that builds the future digital economy by deploying machine learning, advanced crypto, and autonomous agents to the blockchain.Ā
With FET tokens, users can build and deploy agents on the network. This process is like staking, giving the agent the right to operate in the network. Developers can use machine learning utilities to train autonomous agents and deploy collective intelligence on the network by paying FET tokens at deployment. Token holders can also participate in staking to validate network services. Users enable verification nodes by staking FET tokens, helping the network to validate transactions.
Fetch.AI is partnered with SubQuer, ZoidPay, West Ham United, Resonate.social, Unicred, Indacoin, and other notable organizations. The current price of FET is updated and live-tracked on Binance in real-time.