Founded in Cambridge in 2017, Fetch.ai is a blockchain project aimed at bringing together Internet of Things (IoT) devices. Its goal is to improve its algorithms through collective learning and to enhance the structure of the Internet of Things.
Fetch.ai works on highly scalable and distributed ledger technology. Its capabilities in smart contracts and the use of machine learning are seen as a significant step in adapting to future technologies. The project presents a unique situation for the Internet of Things by combining decentralized problem-solving with artificial intelligence solutions.
FET Coin is the cryptocurrency of this ecosystem. The plan for many projects to use Fetch.ai Coin within the Fetch.ai infrastructure offers open usability and sustainability. At the time of writing this article, FET Coin is trading at $0.3276 and has a total market value of $244 million. While there are only 746,113,681 FET in circulation, the total supply is seen to be 1 billion 152 million.
Fetch.ai Coin reached its all-time high value on March 3, 2019, climbing up to $0.43. At the time this article was written, it is seen that this value is 24% below its peak. Since the infamous March drop, Fetch.ai Coin has gained approximately 3857%.
FET Coin can be purchased from Binance, the world’s largest cryptocurrency exchange by trading volume. To buy FET Coin on Binance, you first need to open a Binance account and then send a fiat currency like USD. The most commonly used cryptocurrencies on Binance, found in many trading pairs, are Bitcoin, Binance Coin, Binance USD, and Tether. After sending fiat currency, you can make a purchase from the FET/USDT trading pair.