FET is the native token of the Fetch.AI network, a decentralised digital representation of autonomous software to carry out practical economic work. This is achieved by Fetch.AI’s artificial intelligence and machine learning capabilities. Fetch.Ai was built with the aim of 'automating a limitless number of markets that require tremendous manual intervention'. Fetch.AI runs on a near-autonomous system, pulling together a number of complex systems that integrate with Fetch.AI’s machine learning and artificial intelligence decision making outcomes. FET can be used as a value exchange on the Fetch.AI network. FET can be used for staking, paying transaction fees on the Fetch.AI blockchain and also as a refundable method of registering the ledger.