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

Conceived in 2017, the Fetch.AI network and its FET coin were created to revolutionize AI and ML through a decentralized platform.

Oct 14, 2024 at 07:06 am

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.

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