Introduction to Fetch.ai (FET)
Fetch.ai is a pioneering blockchain project that combines machine learning (ML), artificial intelligence (AI), and decentralized ledger technology to build an "economic internet." The platform enables autonomous economic agents to perform complex tasks efficiently through predictive algorithms and automated systems.
Key aspects of Fetch.ai:
- Designed for scalable automation across global markets
- Uses multi-agent systems for problem-solving
- FET token facilitates network operations and staking
- Total supply: 1.15 billion tokens
- Circulating supply: ~120 million tokens
Understanding FET Token Economics
Token Distribution
- Total Supply: 1.15 billion FET
- Circulating Supply: ~120 million (10.4% of total)
Holder Concentration:
- Top 100 addresses hold >98% of tokens
- ~5,000 total wallet addresses
Price History
| Metric | Value |
|---|---|
| All-Time High | $3.20 |
| Current Price | $0.25 |
| 24h Volume | $30 million |
Recommended FET Wallet Options
Hardware Wallets (Most Secure)
Ledger Nano X/S
- Supports FET through third-party applications
- Military-grade security for long-term storage
Trezor Model T
- Compatible with ERC-20 tokens
- Touchscreen interface for easy management
Mobile Wallets (Convenience)
Trust Wallet
- Built-in dApp browser
- Supports 160+ cryptocurrencies
Atomic Wallet
- Non-custodial solution
- Exchange functionality within app
Desktop Wallets
Fetch.ai Desktop Wallet
- Official wallet from Fetch.ai
- Direct integration with network features
MetaMask
- Browser extension wallet
- Easy connection to dApps
Security Best Practices for FET Storage
- Always use official wallet software from verified sources
- Enable all available security features (2FA, biometrics)
- Keep recovery phrases offline in multiple secure locations
- Regularly update wallet software to patch vulnerabilities
- Use separate wallets for trading vs. long-term storage
FET Token Utility and Staking
FET serves multiple functions within the Fetch.ai ecosystem:
- Payment for network transactions
- Collateral for agent operations
- Staking rewards for node operators
👉 Learn more about FET staking opportunities
Frequently Asked Questions
What makes FET different from other AI tokens?
FET uniquely combines AI with decentralized multi-agent systems, creating an infrastructure for autonomous economic activity rather than just AI services.
Can I stake FET tokens?
Yes! Fetch.ai offers staking through their official wallet and several exchanges. Typical APY ranges from 8-15% depending on network conditions.
Is FET an ERC-20 token?
Originally an ERC-20 token, FET migrated to its own mainnet in 2021. Some exchanges still use the ERC-20 version for trading.
What exchanges support FET trading?
FET is available on major platforms including Binance, OKX, and KuCoin with trading pairs against BTC, ETH, and stablecoins.
How decentralized is the Fetch.ai network?
While technologically decentralized, token distribution remains highly concentrated among early investors and team members.
👉 Explore FET trading pairs with lowest fees
Investment Considerations
Pros:
- Innovative technology combining AI and blockchain
- Active development team and regular updates
- Strong exchange support with high liquidity
Cons:
- High token concentration among few holders
- Competitive landscape in AI crypto sector
- Significant price volatility historically
Conclusion
Selecting the right FET wallet depends on your usage needs - hardware wallets offer maximum security for long-term holders, while mobile options provide convenience for active traders. Regardless of your choice, prioritize security measures and stay informed about network developments that may affect your holdings.
Remember: Never store large amounts of cryptocurrency on exchanges. The mantra "not your keys, not your coins" remains critically important in the blockchain space.