Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Fetch.ai, and is trustworthy!
You can find our top 3 exchanges for buying Fetch.ai here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Fetch.ai
And of course, the final step is to find Fetch.ai on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Fetch.ai (FET)
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How to Sell Fetch.ai
- Sign into the exchange
- Find where you stored your Fetch.ai, either on a hardware wallet or on the exchange.
- Transfer your Fetch.ai to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Fetch.ai.
Considerations when looking to buy Fetch.ai.
Fetch.AI was founded in 2017 and launched via IEO in Binance in March 2019. It is an artificial intelligence lab that creates a decentralized, open, permissionless machine learning network with crypto economies. Fetch.ai makes AI technology accessible to everyone. It provides a permissionless network on which anyone can connect to secure data and use autonomous AI to perform tasks that leverage the global network's network of data. Fetch.AI is used in optimization of DeFi trading services, transport networks (parking and micromobility), smart grids, travel, and any other complex digital system that relies upon large-scale data.
Fetch.ai's utility token FET was created to help find, create and deploy digital twins. It is an integral part of smart contracts on the platform.
FET tokens allow users to create and deploy their own digital twins through the network. Developers, by paying with FET tokens, can access machine-learning-based utilities to train autonomous digital twin and deploy collective intelligence on the network.
Staking FET tokens can also be used to enable validation nodes. This facilitates network validation as well as reputation.
Fetch.ai technology stack consists of four elements. These are:
The Digital Twin Framework -- contains modular components that allow teams to build markets, skills, intelligence, and intelligence for their digital twins.
The Open Economic Framework -- Provides search and discovery functions for digital twins.
The Digital Twin Metropolis -- A collection of smart contracts that runs on a WebAssembly virtual machine to keep an immutable record all agreements between digital twins.
Fetch.ai Blockchain combines multiparty cryptography with game theory to provide secure, censorship resistant consensus and rapid chain-syncing for digital twin applications.
The platform's core components are the learner, where each participant is the learning experiment's learner. Each learner represents a private dataset and machine-learning system. The global market is another component of the platform's core components. It is the result a collective learning experiment in which the machine learning model has been collectively trained by learners. The Fetch.ai Blockchain supports smart contracts that allow for coordination and governance in a secure, auditable manner. The decentralized data layer, based on IPFS, allows for the sharing of machine-learning weights among all learners.