This is a new token that is the result of a merger between AGIX, OCEAN, and the original FET token.
FET/USD (8.01%)
FET is a token that allows developers to access machine-learning resources on Fetch.ai to train their digital twins. These digital twins can be used for autonomous activities in finance, smart energy, and transport technologies. Coin holders can stake tokens to validate the network, as well as pay for other network features. It can be bought on participating crypto exchanges for trading too.
A Bit About Artificial Superintelligence Alliance
Fetch.AI can be described as a decentralized gateway to AI services. It is the brainchild of a group of AI enthusiasts and data experts that wanted to use the decentralized technology to enable easier access to AI and use the latter in blockchain technologies. The team was led by Toby Simpson, Humayun Sheikh, and Thomas Hain.
The backgrounds of the founders allow them to understand the issues around AI and blockchain. For example, the current CEO, Humayun Sheikh, has taken part in various tech ventures, while Toby Simpson has held roles in DeepMind and Ososin, two projects dealing with AI. The inspiration behind the project is the use of AI to enhance outcomes in such areas as DeFi trading, smart grids, and the travel industry.
Interesting AI coin that's rocketed upwards in market cap quickly...CryptoLists.com
FET enables users to develop digital twins and smart contacts with a decentralized network that uses AI technology. Any user within the system can find, create, deploy, or train their digital trains in the network. These developers gain access to vast machine-learning-based utilities to train autonomous digital twins. They can then deploy this collective intelligence on the internet.
There are validation nodes built within the network. You enable them by staking your FET tokens. This facilitates network validation of the said transaction, and the reputation of the same as a result. The network was built upon the Ethereum ERC-20 network, but later launched as a native coin. So, the coin offers all the features available on the blockchain, including the ability to create smart contracts..
Developers of the system created four distinct elements that include the digital twin network that builds the resources to connect with an open economic framework that facilitates the search functions of digital twins, a digital twin metropolis that keeps the immutable records, and the Fetcha.ai blockchain that has the native coin..
Utility of Artificial Superintelligence Alliance?
FET is primarily used in the network for purchases of the resources necessary to train the digital twins discussed above. Users that run validation nodes use the coin to stake the validation process and earn some returns. The coin also serves as the native governance coin in the network. It is used to pass major decisions on the working of the Fetch.ai ecosystem.
Holders of the coin have several benefits. First, they can use the coin to validate transactions on the network. This way, they keep transactions open, decentralized, and accurate. Second, the coin pays for access to machine-learning capabilities that are installed in the network. They get access to packaged resources that use machine learning to train autonomous digital tools for various applications.
Artificial Superintelligence Alliance Price details
ETH Contract address: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85
›› Details & Tokenomics
›› FET tokenomics and social media
Advantages of Artificial Superintelligence Alliance
+ FET is a merger between the original FET, OCEAN, and AGIX+ This coin offers access to various AI-based resources to train autonomous AI
+ FET coins are available on Binance and other crypto exchanges for easy trading
+ Fetch.ai allows users to access all the resources on its network for a small fee
+ You can convert the native coins to ERC-20 tokens and vice versa based on your application
Disadvantages
- FET is a niche product with lower media exposure than leading coins- The coin is primarily used in the Fetch.ai network and not to buy other goods and services
- Its complexity in terms of applications may deter new usage of the token
Costs
▪ Rated at 9/10The Fetch.ai does not impose additional fees for transactions within the network. However, since it is an Ethereum-based project, it charges gas fees for each transaction that goes to the mother network. Unfortunately, these gas fees vary based on the congestion in the network. This fee is usually about 20% to half the cost you would send the cash on the parent blockchain.
Reputation and Buzz
▪ Reputation rated at 8.5/10▪ Buzz rated at 9/10
Since FET and the underlying project are niche products, it has not received broad media coverage like some of the major cryptocurrencies. However, this does not mean that it does not have a solid reputation. From the start, Fetch.ai has received tremendously positive media coverage and feedback from players in the financial industry and smart networks.
Major investors like GDA Group, Blockwall Management, and Outlier Ventures have also shown the viability of the project by investing in it. Additionally, its launch on the Binance Launchpad also gave credibility to the project, as well as its credibility. The coin has also received some success in the marketplace, with relatively good performance on various exchanges.
It's currently in the top 25 in terms of market cap.
FAQ
Is FET an ERC-20 coin?
Initially, FET was launched as an ERC-20 coin. This means that it was based on the Ethereum network and shared its features. Later on, it was relaunched as a native coin in the Fetch.ai network. The native coin shares all the features of the ERC-20 token. You can also convert native coins to ERC-20 tokens and vice versa within the network.
It also runs on Cosmos and BNB Chain too.
Can you invest in FET without being a developer?
Yes, you can invest in FET without being a developer on the network. All you need to do is visit a cryptocurrency exchange that offers the coin and buy it. Some of the exchanges that you can buy the coin on include BitAsset, Biki, and Binance. Check the services that each exchange offers and pick the best, according to your needs.
Are there FET rewards on the network?
Yes, there are staking rewards if you use your token for network validation. The amount of reward varies with each transaction.
History of Artificial Superintelligence Alliance
May 2017 - A team led by Toby Simpson and Thomas Haim founded the Artificial Superintelligence Alliance with the aim of connecting AI with blockchain.
June 2018 - Blockwall Management and Outlier Ventures raise 15 million dollars to enable the finalization of the project and its subsequent launch.
March 2019 - An IEO launch is made on Binance Launchpad. This is the first time that the blockchain is available to the general public.
February 2019 – FET receives an additional 6 million dollars to grow the project.
March 2021 - The GDA Group invests into the program with about 5 million USD. The money goes towards enriching the features of the project.
July - The Fetch coin merges with other coins such as $OCEAN and the original FET coin becomes obsolete. Artificial Superintelligence Alliance is the new name and is a new project.
Screenshots from Artificial Superintelligence Alliance
More sites where to buy/sell/trade Artificial Superintelligence Alliance
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
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Artificial Superintelligence Alliance details and tokenomics
BNB Contract address: 0x031b41e504677879370e9dbcf937283a8691fa7f
ATOM Contract address: fetch1qxxlalvsdjd07p07y3rc5fu6ll8k4tmetpha8n
