FET · a hard-capped AI token where the burn edges out the drip.
FET is the merged ticker of the Artificial Superintelligence Alliance (Fetch.ai and SingularityNET), tradeable on Ethereum and staked to secure the Fetch.ai chain — ~2.25B circulating, with a hard cap of 2.71B that is already fully minted, so no new coins are created above it.
Sell pressure. Legacy migration and small team cliffs move about 6M FET of already-minted locked supply into circulation over the next 90 days.
Buy pressure. The Earn & Burn programme buys and burns roughly 9M FET over the same period, funded by ecosystem revenue.
Net. About -0.13% taken off the market over 90 days — roughly steady, with the burn slightly ahead of the unlock drip on a capped supply.
- Migration unlock step~3MJul 28 2026 · added to market
- Earn & Burn (continuous)~9M / 90DOngoing · removed from market
FET is hard-capped at 2,714.38M coins and every coin is already minted — staking rewards are paid from a pre-set reserve inside the cap, so no new coins are created above it.
Legacy AGIX and Ocean holders keep converting to FET and small team and foundation cliffs keep releasing, moving already-minted locked coins into circulation — roughly 6M over 90 days, with the next monthly step on Jul 28 2026 and about 465.7M still locked.
No public evidence of a discretionary treasury release in the window — monitored. The founders, foundation and future-release reserves inside the ~465.7M locked pool are tracked overhangs that have not moved to market.
No bankruptcy estate or court-ordered distribution applies to FET.
The Earn & Burn programme spends about 25% of ecosystem revenue buying FET and burning it, on track for roughly 35M coins a year — about 9M over the next 90 days, removed permanently.
The Fetch.ai chain has no separate base-fee burn that is publicly quantified, so it is carried at zero — the only active burn is the Earn & Burn above.
No discretionary open-market buying outside the published Earn & Burn — monitored.
No new multi-year lock or escrow announced in the window — monitored.
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