What is FETCH.AI (FET)? Details about 2nd IEO on Binance Launchpad

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What is fetch

Following the BitTorrent project, the second IEO project on Binance Launchpad named Fetch.AI. Let's Blogtienao Discover what this project has HOT!

Read more: What is Binance Launchpad? Instructions on how to buy IEO on Binance

Fetch.AI project

What is Fetch.AI?

A platform that combines blockchain and AI technologies to build a network; where economic activities in sectors such as hotels, energy, supply chains and transportation can take place autonomously.

Main features and highlights

  • There is infrastructure to deploy the Multi Agent system
  • The ledger is scalable to support high transaction rates
  • Synergetic computing: "Smart" smart contracts for autonomous systems

Target

  • Automating markets that currently require human intervention.
  • Towards a world where people own economic agents on the Fetch.AI platform

Value proposition

  • Near-autonomous system integration for many components of a complex system
  • Easy integration and use of ML / AI results on decision making without having to understand the ML / AI techniques too much
  • Collective intelligence (a combination of machine intelligence and human intelligence) to create a non siloed AI model, improve decision making

FET electronic currency

What is FET token?

FET is the native token in the Fetch ecosystem. FET is issued as ERC-20.

Main index of FET

FET token use cases

  • Used to staking
  • Used to pay the reward of mining nodes and transaction fees / gas
  • Agents use FET tokens to access the Fetch.AI ecosystem
  • Allow two agents to exchange values, no matter where they are
  • Use tokens to access, view and interact with the Fetch.AI search engine
  • Use to access the multi-dimensional digital world of Fetch.AI
  • Used to access and develop AI / ML-based algorithms

Seed & SAFT 

Issuing organization: Fetch.AI Foundation Pte Ltd

Seed:

  • 2017 to April 4
  • The amount raised was 2,058,587 USD
  • Accounting for 5.24% of total supply

SAFT 1:

Round of USD 5 million at the time of completion (April 03 - April 04, 30)

Raised 724,975 USD & 7,426.5 ETH

Accounting for 2.68% of total supply

SAFT 2:

Round of USD 10 million at the time of completion (April 01 - April 05, 05)

Raised 250,000 USD & 14,448.99 ETH

Accounting for 3.17% of total supply

SAFT 3:

06/06 – 10/07/2018

Raised 2,721 ETH

Accounting for 0.53% of total supply

To administer the token and how to use the fund

As of December 01, 12, Fetch.AI has used about 2018% of the fund as allocated below

  • Cooperation: 10%
  • Marketing: 10%
  • Group: 25%
  • Development: 45%
  • Professional service: 5%
  • Other: 5%

All the money raised in SAFT rounds has been deposited into a multi-signature account: two keys are held by TokenMarket (the independent manager of the private sale round) and two keys are held by Fetch.AI. You need to have at least three keys if you want to trade.

FET token release schedule

The following chart shows the number of FET tokens planned to be issued monthly

FET release schedule

Wallet hosting

You can hold FET in wallets that support ERC-20 tokens (see details squid fishing tours). Besides, you can keep them in cold wallets such as: Ledger Nano, Trezor, ... In addition, there is a more convenient way to keep them directly on exchanges that have this token listed, such as Binance.

Route of dFetch project

Quarter 3 / 2018

Release Ledger code

Quarter 4 / 2018

Virtual Machine (Virtual Machine)

Quarter 1 / 2019

Invite to join Testnet

Quarter 2 / 2019

Release Testnet

Testnet smart market

Quarter 3 / 2019

Alpha launch phase (July)

Provides OEF original mainnet and ledger function in original form

Release the beta version (late September)

Quarter 4 / 2019

Mainnet release (December 19)

Trade partnerships and business development

European Blockchain: Founded by four leading blockchain companies: Ripple, NEM, Fetch.AI and EMURGO / Cardano. The goal is to promote an understanding of the true potential of distributed ledger (DLT) and blockchain technology

Clustermarket: To access advanced technologies, GE Health and Clustermarket have deployed Fetch.AI's Autonomous Economic Agents on the Clustermarket platform.

AI Innovation Network (“AIIN”) / Warwick Business School: Provides collaboration among stakeholders to examine the transformative impact of AI

ULedger: ULedger's stateless blockchain protocol makes the Fetch.AI network possible to consume real-world data centralized from IoT devices and other data sources in a demonstrable way. It brings the security, integrity, and identity of electronic communications.

Overview of the Fetch development team

Humayun Sheikh (CEO): One of the first investors of DeepMind Google

Toby Simpson (CTO): Producer of the a-life Creatures series, the first developer at DeepMind

Thomas Hain (CSO): Professor at Sheffield University, who founded the ML AI science team

In addition, the development team gathered a range of experts with in-depth experience in this area.

Fetch technical overview

Public Github repositories 

Ledger: public fork of the main ledger archive

OEF Python SDK: public fork of the main sdk to create agent in Python 3

OEF C ++ SDK: public fork of the main sdk to create agents in C ++

OEF Core: public fork of the main repository for the OEF node

OEF Core Protocol: public fork of the main repository for network protocols between agents and OEF nodes.

Private Github repositories

Fetch.AI Ledger: Private development warehouse

wallet-desktop: Desktop wallet

wallet-mobile: Mobile wallet (Android and iOS)

fetch-ledger-api: Python SDK to interact with the Ledger

fetch-ledger-api-js: Node SDK to interact with the Ledger

oef-core: OEF node's own development repository

oef-sdk-python: Python 3 SDK for creating OEF agents and instructions

oef-core-protocol: Network protocol between agents and OEF nodes

oef-sdk-cpp: C ++ SDK to create OEF agents

OEF Maze: The Maze demo uses OEF agents

Fetch Products & Figures

Efficiency

The ledger is expandable by design, so exact performance will vary depending on resources. In tests, Fetch.AI achieved speeds of over 30.000 transactions per second.

It is expected that when started, the time taken to perform a block will be in minutes. This estimate will decrease over time thanks to improvements to the consensus protocol.

Open Economic Framework

This is a second class protocol that provides services to agents. Agents connect with OEF to search, negotiate, and transact with other agents on the network.

In early implementations, the OEF nodes have two classes: "trusted" and "trustless". The "trustless" button can be operated anonymously, similar to pure ledger buttons. The "trusted" button can be granted access to additional agent information to provide intelligent search and discovery capabilities. The driver of these nodes must have a legal, public identity, and be recognized by the Fetch.AI Foundation.

Open Economic Framework

Fetch community channel

Telegram (English) | 9.2K members

Telegram (Chinese) | 9.5K members

Twitter (English) | 3.4K followers

Medium | 130 Followers

Reddit | 62 Subscribers

Overview of competitors with Fetch

Fetch opponents

Adviser Fetch project

Outlier Ventures | Token Economics Advisors

Jamie Burke | CEO of Outlier Ventures

TokenMarket | Token Funding For Pre-Sale Rounds and Token Advisors

Fire on the Hill | Media Relations

Melvyn Weeks | Economics Advisor

Steve Grand | Autonomous Agent Expert

Monique Gangloff | Scientific and Biotech Advisor

Dr. Niall Armes | Scientific and Biotech Advisor

How to own an FET token?

  1. Join IEO
  2. Buy tokens on Binance
  3. Become a contributor to the system to be rewarded with tokens

How to profit from FET

  1. Trade on exchanges that support FET tokens (like BTC or ETH)
  2. Participation Staking on Binance to receive a profit of 8-12%
  3. Occasionally, Binance supports making money in a way "Lending". So, please follow the Lending section of Binance

Should we invest in FET?

Any investment decision is always risky; Candlestick Blogtienao You should consider and consider carefully and make your own decision. Hopefully the information Blogtienao provided above can help you make the most accurate decision.

Details of the Fetch.AI (FET) project on Binance Launchpad

  • Time sold: 21:00 February 25, 02 to 2019:21 March 00, 02
  • Token Name: FET
  • Hard cap: 6,000,000 USD
  • Total token supply: 1,152,997,575 FET
  • Initial circulation supply: 11% of total supply
  • Public Sale Price (Public Sale): 1 FET = $ 0.0867 (BNB price = $ 10.1001)
  • Total Public Sale Allocation: 69,204,152 FET (6% of total supply)
  • Form of token sale: Lottery
  • Accept payment: only BNB

Conclusion

So Blogtienao Did you know the Fetch.AI project? Thank you for taking the time to read, wish you a successful investment.

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