Binance.US lists FET.
- Trade Fetch.ai (FET) on the FET/USD and FET/USDT pairs.
- Buy Fetch.ai (FET) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
- Deposits and withdrawals are now open for FET.
Note: This article was last updated on June 10, 2022. Deposits for FET first opened on June 9, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
What is Fetch.ai (FET)?
Fetch.ai is an inter-chain, layer 1 protocol built on the Cosmos SDK using a modified version of Tendermint for consensus that aims to disperse the power of existing data monopolies. The platform was developed to be a decentralized machine learning blockchain which allowed for the universal exchange of data between billions of Internet of Things (IoT) - the network of physical objects communicating and exchanging data - devices. The Fetch.ai blockchain aims to support:
- Optimized trading and financial services
- Configuration of public transport
- Helping smart cities adapt to human behavior
- Removing middlemen from the gig-economy
- Connecting energy network with smart grids
Fetch.ai’s framework is optimized via autonomous agents that categorize data semantically, geographically, or by economic features. Fetch.ai’s permissionless network enables anyone to share or exchange information via autonomous agents. These agents are able to deliver real world data onto the blockchain, where Fetch’s smart contracts process the data and create machine learning models. In theory, these agents would create massive shared datasets and optimize their use under collective learning.
Fetch.ai uses its own native cryptocurrency FET as a utility token and the primary means of exchange on the platform. FET can be used to pay for network transaction fees, services and deploy AI.
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