FET - Fetch AI

What is Fetch AI (FET)?

Fetch.ai is a blockchain platform designed to bring automated digital economies to life. It uses a combination of artificial intelligence (AI), machine learning, and blockchain technology to create a decentralized environment where digital entities, known as Autonomous Economic Agents (AEAs), operate. These agents can perform a wide range of tasks autonomously, from executing trades in decentralized finance (DeFi) to optimizing logistics in supply chain management.

The Fetch.ai blockchain utilizes a modified version of the Cosmos protocol's Tendermint Proof-of-Stake (PoS) consensus mechanism. This consensus model allows the network to secure transactions and maintain the integrity and reliability of the ledger through a system where validators, chosen based on their stake in the network, propose and validate blocks. This system is designed to ensure rapid and secure transaction validation and chain synchronization, supporting the digital twin applications and AI functionalities unique to Fetch.ai. Learn more

How to Deposit FET Into Your Coinmetro Account

For all information on how to deposit FET into your Coinmetro account, please see the following help center article: How to Deposit FET.

As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.

If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.

How to Withdraw FET From Your Coinmetro Account

For all information on how to withdraw FET from your Coinmetro account, please see the following help center article: How to Withdraw FET.

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be cancelled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be cancelled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be cancelled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.