What is FET

1. Project Introduction
Fetch.AI is an AI laboratory founded in 2017 and launched via Binance IEO in March 2019. The project aims to build an open, permissionless, and decentralized machine learning network powered by cryptoeconomics. Fetch.AI democratizes access to AI technology through its permissionless network, allowing anyone to use autonomous AI to perform tasks leveraging its global data network, thereby connecting and accessing secure datasets.
Summary: Fetch.AI combines machine learning, AI, multi-agent systems, and decentralized ledger technology to create an "economic internet," where digital representations of economic activities can work in an efficient, predictive environment.
2. Team & Investment Info
Humayun Sheikh, CEO of Fetch.AI and Mettalex, founder of uVue and itzMe.
Toby Simpson, former COO and current advisory board member, previously CTO of Ososim Limited and software design lead at DeepMind.
Thomas Hain, former Chief Science Officer, co-founder and director of Koemei.
Funding: Fetch.AI raised $15M in a seed round in June 2018, led by Outlier Ventures. In 2018, it raised $7.05M in a private sale, followed by a $6M IEO on Binance in February 2019. Later funding rounds include $5M from GDA Capital in March 2021, $40M from DWF in March 2023, and $10M from Bitget in April 2023.
3. Social Media URLs
X: https://x.com/Fetch_ai
Telegram: https://t.me/fetch_ai
Discord: https://discord.com/invite/fetchai
4. Token Info
Token Symbol: FET
Total Supply: 2,630,547,141
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85
Token Distribution:
Team: 8.8% (0% unlocked at TGE, 3-month lock-up, 50% quarterly release in year 1, 25% quarterly release in years 2-3)
Advisors: 4.4% (0.5% unlocked at TGE, 50% quarterly release in year 1, 25% quarterly release in years 2-3)
Private Sale: 5.1% (0% unlocked at TGE, 3-month lock-up, 3-month linear release)
Public Sale: 2.5% (100% unlocked at TGE)
Foundation: 8.8% (0% unlocked at TGE, 48-month linear release)
Future Allocation: 7.6% (0% unlocked at TGE, 1-year lock-up, 60-month linear release)
Mining: 6.6% (0% unlocked at TGE, 60-month linear release)
Unsold Tokens: 0.1% (0% unlocked at TGE, 1-year lock-up, 24-month linear release)
OCEAN Migration: 23.2% (conversion rate: 1 OCEAN to 0.433226 FET)
AGIX Migration: 32.9% (conversion rate: 1 AGIX to 0.433350 FET)
5. Related Links
Official Website: https://fetch.ai/
White Paper: https://fetch.ai/docs
Other Info: linktr.ee/fetch_ai
https://deltav.agentverse.ai/login
https://fetch.ai/get-fetch-wallet
https://github.com/fetchai/uAgents