When was FET coin issued? Learn about the origin of FET coin in one article

What is the Origin of FET Coin?1. Conceptualization

• 2017: The idea for the Fetch.AI network and FET coin was conceived by Humayun Sheikh, Toby Simpson, and Thomas Hain.
• The project aimed to create a decentralized platform for artificial intelligence (AI) and machine learning (ML) applications.

2. Initial Coin Offering (ICO)

• May 2017: Fetch.AI raised $6 million in an ICO, with each FET token sold for $0.08.
• The ICO allowed the project to gather funding for development and community growth.

3. Token Launch

• September 2018: The FET coin was officially launched on the Ethereum blockchain.
• The coin is an ERC-20 standard token, used as the primary currency within the Fetch.AI ecosystem.

4. Mainnet Release

• January 2020: The Fetch.AI mainnet went live, enabling the deployment of AI applications on the network.
• The mainnet release marked a significant milestone in the project's development.

5. Network Growth

• Since its launch, the Fetch.AI network has seen significant growth and adoption.
• It has partnered with organizations like Chainlink, Bosch, and Binance, expanding its reach and impact.

6. Token Price Appreciation

• The value of FET has fluctuated over time, but has experienced significant price appreciation since its launch.
• Its market capitalization reached an all-time high in early 2021.

Conclusion

The Fetch.AI network and FET coin have a robust origin and have evolved significantly since their inception. From its conceptualization to its launch and subsequent growth, FET has played a pivotal role in the development of decentralized AI and ML applications. The project continues to innovate and expand, further establishing its reputation in the industry.