We’re excited to announce the listing of Fetch.ai’s FET on Bitso! As a leading player in the decentralized AI space, FET bridges artificial intelligence and blockchain technology to bring autonomous solutions to real-world problems. Whether you’re an AI enthusiast, a blockchain advocate, or simply exploring the intersection of these two transformative technologies, FET has something to offer.
What is FET?
FET is the utility token powering the Fetch.ai network, a blockchain-based platform that combines artificial intelligence and autonomous economic agents (AEA) to optimize industries such as supply chain, finance, mobility, and more. Think of FET as the fuel enabling AI-driven automation within decentralized applications (dApps) and systems. By leveraging FET, users can deploy autonomous agents that perform complex tasks, unlocking efficiency and cost savings in ways traditional solutions can’t match.
Three Key Aspects of FET
- AI-Driven Utility
Fetch.ai is more than a blockchain; it’s an ecosystem where artificial intelligence and blockchain converge. With FET, users can create and operate autonomous agents to tackle complex real-world problems. These agents can trade, negotiate, and execute tasks independently, enabling highly optimized, decentralized solutions. - A Founding Member of Artificial Superintelligence Alliance
Fetch.ai (FET) is playing a pivotal role in the Artificial Superintelligence Alliance (ASI), a groundbreaking collaboration with SingularityNET (AGIX) and Ocean Protocol (OCEAN). This alliance aims to unify decentralized AI solutions under a single ecosystem, positioning FET as a cornerstone of this innovative movement. - Built for Future Growth
FET is currently available as an ERC-20 token on the Ethereum blockchain, making it accessible to a wide range of users and wallets. As Fetch.ai transitions toward the ASI token, FET holders will eventually play a critical role in this migration, ensuring its long-term value and relevance.
A Practical Example of FET in Action
Imagine you’re an investor looking to earn passive income in the decentralized finance (DeFi) space. Instead of spending hours researching different staking platforms or dApps, you can deploy a Fetch.ai agent powered by FET.
Here’s how it works:
- You set up your autonomous agent with parameters like the minimum interest rate you’d like to earn and your risk tolerance.
- The agent scans multiple DeFi platforms for the best staking opportunities, comparing interest rates, platform reputations, and security features.
- Once it finds a suitable option, the agent automatically invests your funds while staying within the safety thresholds you’ve defined.
By using Fetch.ai and FET as fuel, you save time and ensure your investments are optimized across the DeFi landscape—all without manual intervention.
How to Get Started with FET on Bitso
Getting started with FET is simple!
- Create a Bitso Account
If you’re not already a Bitso user, sign up on our platform and complete the verification process. - Fund Your Wallet
Deposit your local currency or other cryptocurrencies to start trading. - Buy FET
Access the ‘Buy/Sell’ option from the home screen of your app or directly from the FET screen in the Crypto section. Choose the FET trading pair, place your order, and start your journey into decentralized AI innovation.
Remember, FET is listed as an ERC-20 token, so transactions occur on the Ethereum network. For now, we are supporting this format, ensuring compatibility with popular wallets and platforms. However, we encourage you to stay informed about the future migration to ASI.
Disclaimer
This blog post is for informational purposes only and does not constitute financial advice. Cryptocurrencies like FET are volatile and speculative. Please conduct your own research (DYOR) and assess your risk tolerance before trading. Bitso makes no guarantees about future performance or utility and encourages responsible trading practices.
