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On this page
  • Introduction
  • How to Buy some FET tokens
  • Install a Fetch Compatible wallet and get your Fetch Wallet Address
  • Simple steps, ERC-20 to Native FET
  • How to convert native FET to ERC-20

Fetch.AI

Strataone on Fetch Ai Network

Follow this guide carefully to learn how to acquire and stake Fetch.ai on Strataone, for more enquiry and assistance if need, feel free to chat up our team. This guide is simplified with practical illustrations. Relax and take steps!

Introduction

Fetch.ai is an innovative platform that combines artificial intelligence (AI) with blockchain technology to create a decentralized digital economy. Here’s a brief introduction to what Fetch.ai is and how it works. Fetch.ai is developing a platform to help the development of an AI enabled decentralized digital economy. Agents are programs that can make choices on their own for individuals, companies, and devices. Agents are the actors, and the heart of Fetch.ai ecosystem.

Fetch.ai is designed to enable autonomous software agents to perform various tasks on behalf of users. These tasks can range from simple data retrieval to complex decision-making processes.

How to Buy some FET tokens

Firstly, you need to acquire some Fetch tokens. If you've already done this, pay attention to where you acquired your Fetch tokens. The cleanest way to do this is to buy on Binance. Because Binance is the only company that migrated the Fetch.ai token from ERC-20 to their native chain on Cosmos. You can only stake FET on their Native chain. You cannot stake ERC-20 tokens anymore.

NOTE; If you buy tokens from anywhere else (i.e. Coinbase), they will be ERC-20 tokens. Do NOT send these tokens to your Fetch wallet because they are incompatible and will likely result in a loss of funds.

Install a Fetch Compatible wallet and get your Fetch Wallet Address

You'll need to download a wallet that can stake your FET tokens. We chose the Fetch Wallet listed on Fetch.ai's website, but other options include Keplr and Cosmostation. Note that Fetch's wallet is built by Keplr.

Make sure your Fetch wallet is selected on "fetchhub". This is the network for Fetch's ecosystem. Your wallet address will start with "fetch" and that's how you'll know you're on the right network.

Here is a detailed explanation with pictorial view on how to stake and convert

Simple steps, ERC-20 to Native FET

  1. Ensure you have the Metamask wallet ↗️(opens in a new tab) installed and that the ERC-20 FETs you want to convert are in this wallet.

  2. Ensure you have the Fetch wallet installed ↗️ and that your Fetch.ai account is set

  1. up on it. This is where the native FETs will go to, This tool allows you to convert between ERC-20 and native FET tokens.

  2. Go to the Token Bridge ↗️(opens in a new tab).

  1. Unlock the Metamask wallet if instructed to do so.

  2. Ensure the ERC-20 to Native tab is selected, in other words choose the option to convert from ERC-20 to native FET.

  1. The Ethereum address should be automatically filled in with the address of the active account on your Metamask wallet. Ensure that it is correct.

  1. Insert your Fetch wallet address ↗️ in the Native Address section.

  1. Under Amount, enter the amount of tokens you wish to convert.

  2. Hit Transfer and allow the Token Bridge to connect with your wallet, Follow the prompts to confirm the transaction. The bridge will handle the conversion and send the native FET tokens to your wallet.

How to convert native FET to ERC-20

Note; Thesame process is followed for the conversion of Native to ERC-20

  1. Go to the Token Bridge ↗️(opens in a new tab). This tool allows you to convert between native FET and ERC-20 FET.

  2. Unlock the Metamask wallet if instructed to do so. Connect your wallet to the bridge. Make sure you have some ETH in your wallet to cover gas fees, this is very important please pay attention!

  3. Ensure the Native to ERC-20 tab is selected.

  1. Hit Connect Browser Wallet and allow the token bridge to connect to your Fetch wallet.

  2. The fields will be automatically populated with the addresses on the two wallets. Ensure these are correct.

  1. Under Amount, Specify the amount of FET you want to convert.

  2. Hit Transfer, Follow the prompts to confirm the transaction. The bridge will handle the conversion and send the ERC-20 FET tokens to your wallet.

Step By Step Process On How To Stake Native FET on StrataOne

  1. Log into the wallet and select Stake . This will open up the staking interface. Here you can browse all validators and select one or multiple validators to stake with.

  2. Choose the FET amount you wish to stake and select STRATAONE as the validator of your choice.

  3. Your Fetch.ai wallet will show you a summary of the transaction. Review it and if you are satisfied confirm the transaction by clicking Approve to complete the staking process.

written by: Thompson (creator StrataOne)

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Last updated 4 months ago

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