Imagine that Fetch.ai (FET) is a company that builds and rents ultra-intelligent "Digital Assistant Robots" for businesses and individuals.
These robots can perform tasks automatically, such as:
· Finding the cheapest flight for your vacation.
· Booking a table at your favorite restaurant.
· Negotiating the best price for your home's energy.
· Optimizing delivery routes for a logistics company.
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👉And the FET Coin? It is the "Fuel and Currency" of this Ecosystem.
Within this company of robots, the FET has 3 main functions:
1. Payment for Services (Fuel):
· For a robot to do a job for you (like finding that cheap flight), you have to pay it with FET Coins. It is the "fuel" you need to get it started.
2. Training the Robots (Access to Intelligence):
· These robots learn and become smarter using a large neural network (an AI model). To use this brain and train your own robot, you must pay with FET Coins.
3. Governing the Company (Voting Rights):
· If you have FET Coins, you are like a shareholder. You can vote on important decisions about the future of the company, such as what new skills the robots should learn or how to improve the service.
📍What is the Ultimate Goal of Fetch.ai?
To create an "autonomous digital marketplace" where AI "agents" (the robots) can interact, do business, and solve problems among themselves, without the need for constant human intervention, using the FET Coin as the base currency.
FET Coin is the currency of an ecosystem that seeks to automate complex real-world tasks using Artificial Intelligence Agents. It is the payment to use these agents, the key to accessing their intelligence, and the vote to decide their future.
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