We are thrilled to share that FET is now listed on Coinhako.
What is FET?
FET is the native cryptocurrency of the Fetch.ai platform with a max supply 1,152,997,575 FET. Users can not only spend FET to consume services within the platform, but stake FET to get a say in the direction of the Fetch.ai platform.
Fetch.ai is an open-access decentralized machine learning blockchain-based network created develop and grow the digital economy without human interference. The network connects devices and services to the Internet of Things (IoT), but also facilitates the involvement of other agents (like humans).
Some of the sectors which Fetch.ai can optimize are supply chains, transport, smart homes, and collective learning.
🚀 View FET prices on Coinhako now
How does Fetch.ai work?
Fetch.ai creates tools and a suitable infrastructure that can support the development of a decentralized digital economy based on artificial intelligence. To achieve this, Fetch.ai uses three main elements: Autonomous Economic Agents (AEAs), the Open Economic Framework (OEF), and the Fetch Smart Ledger. These three components create the entire network, powered by machine learning and AI.
Autonomous Economic Agents represent devices, services, organizations, and individuals and act on their behalf on the network — sort of like a digital twin. These digital twins are created within the Fetch.ai ecosystem and are able to learn from mistakes — it leverages AI to provide more efficient solutions and enhance the overall performance of systems.
The Open Economic Framework is the layer that enables connectivity and maximum capacity for interaction between AEAs. This is where all the data and information used are stored and backed by AI. Agents source information from the OEF layer and nodes receive token-based rewards for their mediation between AEAs and the OEF.
The Fetch Smart Ledger combines distributed ledger technology and a directed acyclic graph, where all transactions on the network are gathered and processed through sharding.
Why does FET stand out?
Fetch.ai uses multi-agent systems that decentralize access to data-systems that is applicable to a spectrum of use cases and sectors:
Mettalex: A decentralized crypto and commodities derivatives trading platform, that addresses pain points in commodities markets.
Catena-X: Fetch.ai is part of the Catena-X Automotive Network, which aims to create an open ecosystem for efficient and secure exchange of information throughout the automotive value chain.
Collective Learning: The Fetch.AI collective learning module is a tool that enables distributed parties to work together to train machine learning models without sharing underlying data with any of the individual participants.
Cancer cell detection: In partnership with Poznan Supercomputing Networking Center (PSNC) on Collective Learning, Fetch.ai and PSNC will train algorithms for hospitals and research centers worldwide to identify and detect circulating cancer cells in patients’ blood or tissue biopsies.
What can you do with FET on Coinhako?
FET will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
- Purchase FET instantly with Visa / Mastercard
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.