"FET token" typically refers to the Fetch.ai (FET) token.
Definition: FET is the native cryptocurrency of the Fetch.ai network — a decentralized platform that combines blockchain and artificial intelligence (AI) to enable autonomous machine-to-machine communication and transactions without human intervention.
Key Features:
Utility token: Used to pay for services within the Fetch.ai ecosystem.
Staking: Can be staked to help secure the network and earn rewards.
Fuel for Autonomous Agents: Powers "Autonomous Economic Agents" (AEAs), which are digital entities that perform tasks like data exchange, optimization, or trade on behalf of users or devices.