On November 2, 2020, Fetch.ai successfully completed the $FET token swap — a pivotal milestone in the evolution of its decentralized machine learning and artificial intelligence ecosystem. This upgrade transitioned the $FET token to a new Ethereum-based smart contract, enhancing security, scalability, and long-term sustainability. The community’s support throughout this process has been instrumental, and the team extends its gratitude to all participants.
The new contract is now live, with deposit and withdrawal functions fully restored across supported platforms. While information services continue to update their references, users are advised to recognize that only the new contract address is officially supported by the Fetch.ai Foundation and major exchanges.
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New $FET Contract Address
The official and only supported $FET token contract address is:
0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85
This address can be verified on Etherscan for transparency and authenticity. Users must ensure they interact exclusively with this contract moving forward. The legacy contract starting with 0x1d will remain active but is no longer endorsed by Fetch.ai or any official market participants. Transactions sent to the old contract may result in irreversible loss of funds.
It is critical to update wallet configurations, exchange listings, and third-party service integrations to reflect this change.
Wallet Setup Guide for $FET
To view and manage your new $FET tokens, you must manually add the updated contract to your wallet if it does not auto-detect the new token. Below are step-by-step instructions for the most commonly used wallets.
MetaMask
MetaMask does not automatically display tokens on new contracts unless explicitly added. Follow these steps:
- Open your MetaMask wallet.
- Navigate to the "Assets" tab.
- Click "Add Token".
- Select "Custom Token".
Enter the following details:
- Token Contract Address:
0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85 - Token Symbol:
FET - Decimals of Precision:
18
- Token Contract Address:
- Click "Next", then confirm by clicking "Add Token".
Your $FET balance should now appear in your wallet interface. For visual guidance, refer to MetaMask’s official documentation on custom tokens.
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MyEtherWallet (MEW)
If you use MyEtherWallet, follow this process:
- Log in to your MEW account.
- Go to the Tokens section.
- At the top of the token list, click "Add Custom Token".
Input the following:
- Contract Address:
0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85 - Token Symbol:
FET - Decimal Places:
18
- Contract Address:
- Click "Save".
Once saved, your $FET holdings will be visible under your asset portfolio.
Ledger Devices
Ledger hardware wallets rely on a centralized token registry for automatic detection. As of the swap completion, this registry is being updated to include the new $FET contract.
Until the update propagates across Ledger’s systems, users can still access their $FET tokens by connecting their Ledger device to either MetaMask or MyEtherWallet via WebUSB or Ledger Live integration. Once connected, follow the manual token addition steps outlined above to view and manage balances securely.
Note: Always verify contract addresses before confirming transactions to prevent phishing risks.
What Happens Next?
With the migration finalized, most services — including exchanges, block explorers, and decentralized applications — are aligning with the new contract. Notifications have been sent to key infrastructure providers, though full synchronization may take several days due to independent update cycles.
Importantly:
- No funds were lost during the transition.
- All legitimate $FET holdings were migrated to the new contract.
- The old token balance remains frozen but non-functional for official operations.
Users are encouraged to verify their balances using trusted tools like Etherscan or direct wallet checks. If discrepancies arise, immediate support is available through official channels.
Smart Contract Fund Recovery
A minimal amount of $FET remained within the legacy smart contract after migration. These tokens were irreversibly locked during the swap process and could not be transferred directly. To preserve value for the ecosystem, the Fetch.ai Foundation has reallocated these recovered funds back into its core treasury wallet.
From there, distributions are being processed to ensure rightful owners regain access where applicable. This reflects the project’s commitment to accountability and user-first governance.
Frequently Asked Questions (FAQ)
Q: Is my $FET safe after the token swap?
A: Yes. All valid token balances were migrated to the new contract. As long as you’re using the correct address (0xaea4...Ad85), your funds are secure.
Q: Can I still use the old $FET contract?
A: No. The old contract is deprecated and unsupported. Avoid sending tokens to it, as recovery may not be possible.
Q: Why do I need to add a custom token in my wallet?
A: Wallets identify tokens via contract addresses. Since this is a new contract, it won’t appear automatically until manually added or officially listed.
Q: Will Ledger support the new $FET automatically?
A: Yes, eventually. The Ledger team is updating its token list. Until then, use MetaMask or MEW with your Ledger for full access.
Q: What if my exchange hasn’t updated yet?
A: Major exchanges completed updates prior to or shortly after the swap. If deposits fail, contact customer support and confirm they support the new contract.
Q: How can I verify the legitimacy of the new contract?
A: Check Etherscan directly — search for 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85 and confirm it’s labeled as "Fetch.ai Token."
Need Help?
For real-time assistance, the Fetch.ai Telegram community offers direct access to support administrators. Join the conversation and get timely answers at the official Telegram channel.
As blockchain ecosystems evolve, token upgrades like this one ensure robustness and alignment with modern standards. Staying informed and proactive about such changes empowers users to maintain control over their digital assets.
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This successful $FET token swap marks a foundational step toward greater decentralization, improved interoperability, and enhanced utility within the Fetch.ai network — positioning it strongly for future innovation in AI-driven blockchain solutions.
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