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What is Fetch.ai coin (FET) and how does it work?

by Financial Economy

Fetch.ai Coin is the native cryptocurrency of the Fetch.ai platform, which was launched in March 2018 by a team based in Cambridge, England. Fetch.ai aims to be at the forefront of accelerating research and deploying new technologies like blockchain and AI. Detailed information about what is Fetch.ai coin FET and how does it work, how much it costs, how to buy, what it does, etc. is in the continuation of the content. For information about DENT coin, you can check here.

What is Fetch.ai coin (FET) and how does it work?

Fetch.ai’s solutions are designed for people, organizations and the IoT. The project created the Open Economic Framework (OEF), which serves as a decentralized search and value exchange platform for various autonomous economic agents.

This is powered by a smart notebook that is claimed to be able to support more than 30,000 transactions per second and is intended to meet the demands of next-generation connected devices. At the heart of Fetch.ai is digital intelligence. This aims to provide actionable predictions, provide instant confidence insights, enable the creation of strong collaboration models, and streamline efficiencies and processes.

Fetch.ai coin (FET), the local currency of the platform, is used for three main purposes according to the statements made. These purposes are as follows:

  • Creating agents and connecting to the network
  • Training of representatives
  • Oracles and trust services

How to buy Fetch.ai coins? What is the price of FET?

FET coin is listed on many cryptocurrency exchanges. FET can be purchased from “trusted” exchanges where it is listed. As of August 17, 2021, the price of 1 FET is around 0.52 dollars. As of August 17, the circulating supply of FET coins is 746,113,681 units, and the total supply is 1,151,441,226.

Note: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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