What is FET coin? What is its prospect and value?

About Fetch.ai (FET)

Fetch.AI combines machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to create an economic internet.

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FET coin is the second crowdfunding project issued by Binance IEO. It adopts the concept of blockchain + artificial intelligence. The project is positioned as an Internet service platform with monetary incentives. Investors who have learned about Binance IEO projects know that before FET, BTT was the first project launched by Binance IEO. Its popularity exceeded everyone's imagination, and FET also took advantage of this opportunity to gain a sharp increase in the short term. Therefore, some novice investors have recently asked the editor, what kind of currency is this FET? What is its prospect? Well, let's take a look at it with the editor.

What is FET?

The full name of FET coin is Fetch.AI. The issuance time is 2019-02-25, the crowdfunding price is $0.086700, and the maximum supply is 115,997575FET. FET coin is a divisible currency used in the Fetch.AI network, and is used as a virtual currency for any network operation such as transactions or secure communications.

Fetch.AI combines machine learning (ML) and artificial intelligence (AI), multi-agent systems, and decentralized ledger technology to build an economic internet. Digital agents of economic activity components (such as data, hardware, services, people, and infrastructure) can complete their work efficiently with practical guidance and prediction. Fetch is committed to popularizing autonomous systems throughout the market. Currently, the process of market autonomy requires a lot of financial and material resources; and automated economic transactions help the market run efficiently and smoothly. According to Fetch's vision, everyone will have multiple economic agents on the Fetch.AI platform. Agents work in parallel or in series to develop solutions to complex problems today and even in the future, which will be more elegant and extraordinary than the human version.

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Fetch currency is a divisible currency used by the Fetch.AI network, and is used as a virtual currency for any network operation such as buying and selling or secure communication. In addition, nodes and agents must pledge a certain amount of currency to obtain specific operating qualifications (a security mechanism to prevent malicious behavior).

FET is a technology that integrates machine learning and artificial intelligence multi-agent systems and decentralized ledgers. The investment project FET has a luxurious lineup. Two of the three founders of the team, Humayun Sheikh and Toby Simpson, are early investors in DeepMind, a world-leading artificial intelligence company. Toby Simpson also served as the head of software development at DeepMind. It can be said that this is a technically mature and experienced team. Currently, the FET coin is traded on 10 exchanges including Binance and Matcha, and the main network was officially launched in the second half of last year.

In-depth analysis of FET coin prospects and value

FET is a popular project in 2019, but Binance is still the driving force behind it. Because of the wealth effect of BTT, the market has high expectations for FET. Many people are looking for channels and are willing to spend hundreds of yuan/set to buy overseas KYC materials in order to grab FET quotas, because it is crowdfunded with BNB. This is also an important reason for the large increase in BNB this round. However, we must remind you of the risk of BNB falling back. Yesterday, the grab was launched on the 25th, and the scene was extremely fierce. It was gone very quickly. Only 2758 of 19860 were grabbed. Combined with the performance of BTT, grabbing FET is profitable, and there should be room for several times in the short term.

Let's talk about the Fetch.ai project, blockchain + artificial intelligence, which aims to complete the intelligence of the real world through intelligent bodies, which can transmit data or provide assistance. At the team level, there is a rich background in artificial intelligence, but there is a lack of blockchain industry, which may have an impact on the research and development of subsequent projects. From the roadmap of Fetch and AI, we can see that the progress of the entire project in 2019 is relatively tight. It is expected to release the main network at the end of the year. Considering the complexity of its technology and the configuration of the team, there is a great possibility of delay in the future. The establishment of the project is of great significance and has application needs, but the vision is relatively grand, with certain difficulties and a long completion cycle. In the long run, it is full of many uncontrollable factors and needs to be tracked and observed. In the short term, given that it has already successfully marketed the heat and attracted the attention of the market, it has certain speculative value.

Having said that, I believe everyone has a certain understanding of FET coin, its prospects and value. In general, the editor here reminds all investors, whether you want to invest in FET coin or some other virtual currencies, you must remember that only by being down-to-earth can you win step by step. The real masters may look stupid, but stability is the most important. Such people often choose the right direction and will seize the tiny advantages, accumulating small victories into big ones. As the saying goes, a journey of a thousand miles begins with a single step. People who are down-to-earth often achieve the greatest victory.