Lately, we are seeing the AI tokens pumping like crazy, Who can forget AGIX , GRT , FET etc etc. Well i can't because i had some of them and got out too early but it's ok other opportunities will come ,but today i wanted to post some info about the one that stands out to me and that is fet.
$FET - Create and deploy AI platforms and services at scale
Fetch.ai is a decentralized protocol which merges AI and blockchain technology which enables the creation of AEA’s (Autonomous Economic Agents) that can autonomously perform different tasks and make decisions. These AEA’s can create decentralized applications such as marketplaces and other Dapps. With the use of machine learning and a distributed ledger - anyone can share or exchange data using AI on the blockchain. Use cases may include improving efficiencies for financial service users to reconfiguring public transport networks operational efficiency
Fetch.ai launched a $150 Million development fund in March 2022 partnered with the likes of MEXC Global, Huobi and ByBit - with the aim of attracting developers and established projects into the ecosystem.
Bullish Points:
- Founded in 2017 so is very well established and recognised in the market
- The biggest issue in Big Data is that ‘data can’t sell itself’ but with fetch.ai it can. Allowing for the relevant data to get into the hands that need it without intermediaries.
- Highly diluted token supply with 90% circulating
Use Cases:
- Seek to revolutionize and realize the internet of things (IOT)
- Use cases include: Medicine, Transport, Financial Services, Smart Cities
Tokenomics:
$FET token launched on Binance IEO in 2019
FET is the utility token for the platform and is used when purchasing services as well as securing the network through validator nodes staking it
$FET has 90% of its supply unlocked and trading
$460M Market Cap
https://www.coingecko.com/en/coins/fetch-ai
Links:
Website: https://fetch.ai/
Twitter: https://twitter.com/Fetch_
https://g.co/kgs/dD4mY5