FET/USD is used to express the value of one FET cryptocurrency token against the US dollar. FET is the governance and staking token of the Fetch.ai protocol, a blockchain project that aims to harness the power of AI (artificial intelligence) and machine learning. At its core, the Fetch project envisages an interconnected world with industries linked together through blockchain technology. Fetch.ai covers a variety of industries, ranging from healthcare to transport to energy to finance. It believes AI can help all industries be smarter, more productive and more efficient. FET coins are integral to the Fetch.ai ecosystem, acting as a medium of exchange for users of Fetch.ai to acquire data and services on the system. FET to USD, which can also be seen in alternative ways such as FET USD (with or without a hyphen) and FET to USD, is available to trade on eToroX, alongside a huge number of other cryptocurrency pairs, all available to buy and sell with low fees on an innovative, secure exchange.
As part of the eToro family, eToroX was created as a standalone platform for dedicated cryptocurrency trading services. The Exchange was launched along with a complement of support services to better serve those professional traders who buy and sell large volumes of cryptocurrency. If you are trading FET USD at eToroX, you can find reassurance that you are partnering with a reputable, regulated platform (eToroX is backed by a license from the GFSC), one that maintains cutting-edge offerings and tools for investors. Choose eToroX to invest in FET versus the dollar, or any other of our dozens of top cryptoassets listed on the Exchange.
Fetch.ai is certainly not the biggest cryptocurrency project when it comes to market cap or rank, but it is certainly one of the most ambitious in terms of its potential scope. While the world of machine learning and artificial intelligence is highly technical, Fetch.ai aims to simplify it and make it more accessible by combining them with blockchain technology. The idea is that innovations like smart cities will require huge – and often complicated – amounts of data to travel back and forth between disparate entities. Fetch.ai’s founders believe they can provide the infrastructure to connect all this data and make it easier for us to use it. Developers can also use the Fetch.ai blockchain to build AI applications, and then deploy those services at scale. As for FET tokens, they are used for various purposes in the Fetch.ai ecosystem. Primarily, their function is to validate transactions within the ecosystem, helping secure the data. FET tokens can also earn holders rewards by staking, and they confer governance rights on holders to have a say in how the project is managed.
Like most cryptocurrencies, FET has experienced volatility since it was launched on crypto exchanges in 2019. Its all-time high (current at the time of writing, in mid-Q2, 2022) was recorded on 8th September 2021, when 1 FET to USD was worth $1.19. The all-time low for FET to USD came in March 2020, when the token was worth approximately eight-tenths of a cent. While the first half of 2022 saw FET decline considerably from those highs reached in 2021, some investors are bullish on the prospects of the cryptocurrency, particularly if Fetch.ai meets its goals of becoming the dominant purveyor of AI technology and services for the blockchain. There is a max supply of 1,511,441,226 FET, of which around 50% are currently in circulation. Interested in buying and selling FET? eToroX charges no fees on deposits, offers ultra-low fees for trading and generous credit lines for spot traders. Explore FET USD trading, as well as a wealth of other cryptoasset pairs to add to your portfolio, on our professional eToroX Exchange.
For the best FET-USD investing, look to the forward-thinking team that is eToroX. The cryptocurrency industry is evolving quickly, becoming more mainstream and creating a generation of professional investors and institutional-type traders who require dedicated crypto trading services. eToroX has been launched to meet their needs – your needs – offering low fees on trades, unique, built-in trading tools such as a FET to USD calculator, and advanced order types, uncompromising security for your assets such as top protections against cyber-attacks, and a dedicated team of in-house experts to manage the platform. As a fully regulated crypto exchange, eToroX puts its innovative focus on crypto trading by adding new capabilities and offers to its feature-rich product suite. As an integral part of the eToro family, eToroX has a deep commitment to all the qualities that make a trading platform great: low fees, transparency, customer service, robust security, and liquidity through a credit line option. Learn more about investing in crypto, and trading FET USD, on eToroX today.