Fetch.AI is a decentralized digital world in which useful economic activity can take place. This activity is performed by digital entities called Autonomous Economic Agents (AEAs). AEAs can work alone, together, serially or in parallel, and they can represent humans, services, themselves, data and more. AEAs connect to the world through our Open Economic Framework (OEF) which acts as an agent’s senses. The OEF presents a highly tailored world to each individual agent, one that is adapted specifically for it. Underpinning this is the Fetch Smart Ledger which provides the network’s integrity and delivers consensus through useful proof of work. Fetch are developing the OEF and Smart Ledger to enable everyone to develop agents.
Fetch.AI ICO occurred on February 25, 2019. The ICO token supply represented 17.6% of the total token supply, so there was a total of 202,927,573 FET tokens available, for 0.0867 USD each. The funding cap was 6,000,000 USD.
Token Reserve Split (82.4%):