Master Coin Community🌎 x Fetch.ai
⏰ Time: July 23th , 6:00 AM UTC
💰 Giveway : 100$
💎 Place : @MCoinCM
Fetch.ai is building an open access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentr
Question for Part 1- Project overview :
Question 1 : Could you please introduce yourself and Fetch.ai ?
-Mr ©Thanh©™ : I am Mr. Thanh
I have 5 years of experience in the Crypto market and currently I am an ambassador for the Fetch.ai project in Vietnam. My goal is to build a strong Fetch.ai Vietnamese community to spread the Fetch.ai project in Vietnam.
About Fetch.ai :
At Fetch.ai we build tools and infrastructure to enable a decentralized digital economy.
Fetch.ai, a Cambridge-based artificial intelligence lab, is building a decentralized machine learning platform based on a distributed ledger, that enables secure sharing, connection and transactions based on any data globally.
Fetch.ai’s network is based around an open-source technology that any user can run to connect to the network, giving access to the power of AI on a world-scale secure dataset, to carry out complex coordination tasks in the modern economy.
On this network a series of software agents represent and act on behalf of their owners. These autonomous agents work to provide an optimised service across a variety of ecosystems, to the benefit of both suppliers and consumers.
This system has wide potential in many areas. Financial services users can optimize trading, public transport networks could be reconfigured, cities could intelligently adapt to usage by their citizens, the gig economy could be restructured, and energy networks can be connected in a smart grid.
Question 2 : How will you generate profits / income to sustain your project and what is the revenue model? How will it benefit your investors and your project?
Mr ©Thanh©™ : We are supported by Outlier Ventures and GDA Capital. Our aim is to close more funding rounds this year to onboard new team members and resources to speed up the application development.
We wish to demonstrate more utility for FET and with more utility for $FET token, the more acceptance our applications will find by from institutions, retail investors, organizations, and individuals.
Question 3 : What are your significant achievements till now and what are your other plans for this year?Part 21. What is the meaning of your project name? Why did you choose this name for your project?
Mr ©Thanh©™ : We have released a detailed roadmap on this which can be found our website but as far as our significant achievements are concerned, it would be the launch of our Mainnet 2.0 which was a significant step for us. Following that, our launch of DeFi Agents — our first native DeFi application.
Besides that, our partnerships and our involvement in Catena X are also stand out achievements of this year. it has been a busy year so far, but we are happy with the way it has been shaping up and we have exciting applications in the pipeline we are working on.
Question for Part 2: Pre-selected questions from our community :
Question 1. What is the meaning of your project name? Why did you choose this name for your project?
Mr ©Thanh©™ : Not really sure Not applicable
Question 2. How did you build an ecosystem of users, partners, and content creators, bringing best-in-class digital services to emerging markets?
Mr ©Thanh©™ : Starting as a Binance IEO, we decided to cooperate with Outlier Ventures who are experts at building web 3.0 ecosystems. With their well-connected partners, and world class ecosystem development services, we set about an ambitious task of building Fetch.ai. From there on, it was making sure we are building applications that organizations, individuals can use and apply to their businesses or daily lives. We partnered up with partners and content creators like Variable X (our PR team), Outlier Ventures, and our partners who believed and trusted in the applications we are building to identify communities out there and push the message.
Question 3. What can we expect to see from this project in the short-term (at some point in 2021) and 2022 and beyond (long-term goals)?
Mr ©Thanh©™ : A lot can happen in crypto in a space of weeks so long-term goals are subject to change. For 2021 we have released a roadmap showing our vision for this year. Applications in DeFi, NFT, Agent-based Oracles — these are just some of the projects we are working on for this year.
Question 4. What difficulties have been encountered during the development of Fetch.ai ?
Mr ©Thanh©™ : Software lead times can be quite challenging and the constant changing landscape of crypto often adds to these challenges. Add to that, the transition to becoming a fully remote company during the pandemic was quite difficult. Initially, we really missed the ability to work in person and thrash out different ideas on the whiteboard.
Question 5. Regulation is very important. Projects are closed in many countries for failing to use proper regulations and permits. To be worldwide; how do you handle this problem? What type of developments do you have coming in the near future? Do you have any juicy news for us? What does your roadmap look like from here on out?
Mr ©Thanh©™ : We are always aware of the regulations and when we speak with exchanges or financial regulators, we pursue the regulations laid out which would allow us to legally operate or allow to be listed on such an exchange. We also provide audits of our smart contracts so it establishes transparency.
For developments and our plans, we kindly ask you to refer to our roadmap — https://fetch.ai/roadmap/
Question for Part 3: Guests will choose 5 live questions from members and answer directly in Master Coin Community🌎
Question 1. Do you plan to burn any tokens after pre-sale is done to ensure the higher token value?
Mr ©Thanh©™ : Somehow this question does not feel well researched. We did our IEO in 2019 and we are not planning to burn any tokens.
Question 2. Can you list 1–3 killer features of your project that makes it ahead of competitors? What is the competitive advantanges your platform has that you feel most confident about??
Mr ©Thanh©™ : 1. We are building an open access tokenized decentralised Machine Learning Network, obviously, there’s a lot in that. So we’re going to have to unpack it for everybody. It allows any organisation or indeed individual to build or configure applications on top of a digital representation of the world. And these applications are effectively driven by what we call autonomous economic agents as another way to call them and these agents autonomously search, negotiate and transact to form automatic marketplaces. Everything we are building is based around open-source technology and it gives users access to the power of AI on a world-scale secure dataset to carry out complex coordination tasks in the modern economy.
The economy of the future is all going to be entirely about automation. Imagine now with autonomous economic agents, you’ve got an agent that represents you, it knows what you want, it knows your preferences. It’s out there in that space, doing work for you with economic benefit and finding the other agents that can solve the problems for you in real time.
2. No great project can exist in isolation without a great team behind it. The people behind DeepMind combined with leading economists, cryptographers, Ph.Ds. in Machine learning are all working on Fetch.ai and the cutting-edge applications.
3. The USP of Fetch.ai is that it offers a host of real-life solutions across a range of industries such as transportation, hospitality, healthcare, energy, and transport by deploying machine learning and artificial intelligence solutions for decentralized problem-solving. Since our tools are open-source, users can also create infrastructure solutions themselves and deploy at a commercial scale. To add to its integrity as a platform, Fetch leverages high-throughput shared ledger and smart contracts, permitting coordination and governance in a secure and auditable way.
Industry stalwarts like Bosch, Festo, IOTA and many are collaborating with us to transform existing digital ecosystems using Decentralized Ledger Technologies or DLTs. We have also received investment from GDA group and affiliates (around $5Million) into the Fetch ecosystem. Looking at our innovative applications and new collaborations, one can reasonably expect the network to continue with steady growth in the days to come.
Many of the solutions of the future will come from different protocols and technologies working together and finding new ways of doing things. Our autonomous agents, and the Search and Discovery mechanism that connects them, is largely unique in the blockchain space. We’re using AI to act and connect things together, and then allowing those things to do business.
We’re also working to ensure that some of our great agent stuff can work and integrate with other protocols, too.
Question 3. Security is always the top task of projects. But lately, a lot of cryptocurrencies and blockchain have been appropriated by hackers. What security measures does your project have in place to avoid the possibility of being appropriated by hackers?
Mr ©Thanh©™ : Fetch.AI uses verifiable credentials based on zero knowledge proofs and this ensures the data is under your control and prevents it from being shared with others through digital leakage.
We’re also often asked whether, if our autonomous agents are running around representing things, does all of the data sit on a public network? Let’s address this clearly. Firstly, autonomous agents do not represent things on the network. It’s only when agents are introduced to each other, and they wish to perform a transaction that any data is actually exchanged. In these instances, the data can be encrypted and it can be exchanged directly between the two parties. Some of you may also be aware of privacy preserving computation which is one of these neat tricks where you can do computation without knowing about the data that you are working on. In addition to this, we are also using other technology such as homomorphic encryption, which allows people to perform computation without having access to the individual bits of data.
In addition to all of the above, we also get our smart contracts audited by CertiK — https://www.certik.org/projects/fetch.ai
Question 4. Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term? Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term?
Mr ©Thanh©™ : We do not give investment advice and always stress upon DYOR but if we could share this, we hope this will help you decide. Projects without utility which turn into a meme end up with a higher market cap short term and hurt investors long term but projects with high demonstratable utility will continue to be around and that’s what Fetch.ai is.
We want to continue our focus on building applications, product suites with value for our community, our partners, and we continue to focus on that in a publicly visible way so that our community can share our successes. This builds value, utility and the growth of our community. Plus, users can get involved by investing in the FET token, a backbone of the Fetch ecosystem. FET token is crucial to all the applications and product suites we are building and is essential for smart contracts, oracles, and the transactions needed to deliver the new digital economy.
Question 5. NFT is currently a very interesting trend in the DeFi and blockchain world. Are you planning to integrate this asset class into your platform? And most of all, what security measures are in place to ensure Fetch.ai’s safety?
Mr ©Thanh©™ : Keep an eye on our plans for NFT. We have something exciting in the pipeline!
As for security questions, have a look at the answer above as well to our audit reports from CertiK: https://www.certik.org/projects/fetch.ai
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
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