Buy Fetch.ai

Fetch.ai combines blockchain with Artificial Intelligence (AI) to provide a platform where Internet of Things (IoT) devices can collaborate. You can participate in Fetch.ai by adding a device as an Autonomous Economic Agent (AEA). These autonomous agents are powered by AI and can communicate and collaborate with each other independently.

Fetch.ai’s autonomous agents are capable of performing a variety of tasks without human intervention, including data analysis, data collection, decision-making, and transaction processing. Because the agents are AI-driven, they can learn from past mistakes, increasing the effectiveness and efficiency of the network.

FET is the token of Fetch.ai and is used for transaction fees, staking, rewards, platform development and governance decisions. Users can buy and stake Fetch.ai tokens to help decide on upgrades and developments. Want to purchase Fetch.ai? Here's how to buy FET tokens at Bitvavo.

Who are the founders of Fetch.ai?

Humayun Sheikh, Toby Simpson and Thomas Hain are the founders of Fetch.ai. Sheikh has a background in commodity trading and investments, while Simpson and Hain have experience in developing AI and machine learning systems. Together, they form a team of over 50 employees with experience in blockchain technology, artificial intelligence and machine learning.

The unique combination of blockchain and artificial intelligence means you can use Fetch.ai for the following applications:

• Automate complex tasks: Driven by AI, autonomous agents automatically carry out complex tasks. They learn from past mistakes and can perform their tasks ever better.
• Data sharing and analysis: The autonomous agents collect and analyze all kinds of data on the platform, which makes Fetch.ai interesting for a wide variety of industries.
• Decentralized Finance (DeFi): Fetch.ai provides developers with an ideal environment where they can develop DeFi applications and other apps using a range of tools.

Fetch.ai uses a unique blockchain architecture that is specifically designed to support AI integration. This blockchain focuses not only on executing transactions, but also on supporting complex interactions between autonomous agents. The key components of Fetch.ai are the Autonomous Economic Agents, the Open Economic Framework, and the Fetch Smart Ledger.

Autonomous Economic Agents (AEA)

Autonomous Economic Agents can represent all kinds of devices, individuals and organizations. They work as smart, digital entities within the Fetch.ai ecosystem and are able to operate and make decisions independently. The use of Artificial Intelligence ensures that the autonomous agents learn from past mistakes and become smarter over time.

Open Economic Framework (OEF)

The Open Economic Framework is the layer where all autonomous agents communicate with each other. This layer also stores the data and information of autonomous agents.

Fetch Smart Ledger (FSL)

The Fetch Smart Ledger collects and processes all transactions using sharding. This is a technique that distributes data across multiple nodes to ensure high transaction processing speed. The Fetch Smart Ledger uses a combination of blockchain technology and Directed Acyclic Graph (DAG).

Fetch.ai uses a Proof-of-Stake (PoS) consensus mechanism based on Cosmos' Tendermint mechanism. You can therefore stake FET by setting up a node or delegating the stake to another node. By staking FET, you contribute to the operation and security of the network, and as a reward, you receive FET tokens.

Staking Fetch.ai can be done from the official Fetch wallet, where you can delegate FET tokens to a validator in the Fetch.ai network. When staking FET tokens, you will receive rewards in your Fetch wallet.

Fetch.ai is a unique project that combines blockchain with AI. Several features set Fetch.ai apart from other cryptocurrencies and altcoins:

• Integration of AI and blockchain: Fetch.ai is one of the few blockchains to use AI to optimize network operation and effectiveness. This opens up new possibilities and applications.
• Autonomous Economic Agents: Users can create their own autonomous agents that operate independently, perform complex tasks and learn from mistakes, allowing them to be used for a wide range of possibilities.
• Combination of blockchain and DAG: The project ensures high scalability by combining the best of blockchain and Directed Acyclic Graph. Fetch.ai blockchain can process up to 30,000 transactions (TPS) per second.

You can buy Fetch.ai (FET) from Bitvavo. Our exchange is accessible for both novice and experienced crypto traders. Follow these steps to buy FET tokens on our website and app:

1. Log in to your Bitvavo account or create a new account.
2. Click "Deposit" to add money to your account.
3. Visit the Fetch.ai (FET) buy page.
4. Enter the amount in euros you wish to invest or the number of FET tokens you want to purchase and confirm by clicking "Buy".

After they have been purchased, your FET tokens will be immediately visible in your Bitvavo wallet. Selling Fetch.ai tokens is just as easy on Bitvavo, meaning you can rapidly respond to price changes.

At Bitvavo, you can safely store Fetch.ai tokens. The majority of customer funds are stored in offline cold wallets for maximum security. We also recommend enabling two-factor authentication (2FA) for additional account security.

Users can also store Fetch.ai tokens in their personal software or hardware wallets. First, add your external wallet address to your Bitvavo account, then easily transfer your FET tokens.