{
 "symbol": "FET", "name": "Artificial Superintelligence Alliance (Fetch.ai)", "review_date": "2026-10-08",
 "reviewer": "AI", "model_id": "claude-fable-5-1", "logic_version": "value_v1", "prompt_sha256": "58434c62f807c2035cf603f7f93e6e22db880e9f4172968767efef7d1f326065",
 "one_sentence_zh": "FET 是 ASI 联盟（Fetch.ai+SingularityNET+CUDOS）的统一代币，用于 AI agent 平台的质押、支付与网络安全；谁为什么付费缺乏可核数据。",
 "one_sentence_en": "FET is the unified token of the ASI Alliance (Fetch.ai, SingularityNET, CUDOS) used for staking, payments and security on an AI-agent platform; who pays and why lacks verifiable data.",
 "red_lines": {
   "R1": {"hit": true, "note": "未找到可核实的协议收入：DefiLlama 无条目，官方站与博客未披露 ASI:Cloud/Agentverse 收入；本组数据费用/收入均为 0。命中。", "sources": ["https://superintelligence.io/", "https://fetch.ai/blog"]},
   "R2": {"hit": false, "note": "搜索摘要称 2026-06 Fetch 基金会宣布 $50M 回购（资金来源为基金会而非经营收入），但原文未能打开、无法核实，不以此判定命中；若该回购被计为持币人回报则应命中 R2。", "sources": []},
   "R3": {"hit": false, "unlock_12m_frac_of_circ": 0.01, "note": "流通 2.69B / 总量 2.71B（CoinDesk），剩余约 0.7% 多为 AGIX/CUDOS 迁移储备；tokenomics.com 解锁页 404，按供给结构估计 ≈0.01。", "sources": ["https://www.coindesk.com/price/fetchai", "https://coinmarketcap.com/currencies/fetch/"]},
   "R4": {"hit": false, "note": "FET 用于质押保障网络、作为 agent 经济支付媒介，非纯积分。", "sources": ["https://www.kucoin.com/knowledge-base/Concepts/what-is-fetch-ai-fet"]},
   "R5": {"hit": false, "note": "勉强可说清「AI agent 平台代币」，但付费方与付费理由不清晰，B1 给 1.0 不为 0。", "sources": ["https://www.kucoin.com/knowledge-base/Concepts/what-is-fetch-ai-fet"]},
   "R6": {"hit": false, "note": "未见被盗、下架或跑路。", "sources": ["https://www.coindesk.com/price/fetchai"]}
 },
 "A_judge": {"mechanism_executing": null, "mechanism_desc": "未找到收入回到代币的机制（无销毁、分红记录）；质押奖励来自增发。基金会 $50M 回购仅见搜索摘要、未打开原文，且资金来自基金会储备而非收入。", "sources": ["https://superintelligence.io/"]},
 "B": {
   "one_sentence": {"score": 1.0, "evidence": "自治经济代理平台 + ASI:Cloud GPU 算力 + ASI Chain；开发者/企业理论上为 agent 托管与算力付费，但无付费规模数据。", "sources": ["https://www.kucoin.com/knowledge-base/Concepts/what-is-fetch-ai-fet", "https://superintelligence.io/"]},
   "moat": {"score": 0.5, "evidence": "品牌与联盟规模（三方合并、交易所主票）是主要资产；无网络效应、切换成本或流动性深度证据；ASI:Create 2026-06 仍在封闭测试。", "sources": ["https://superintelligence.io/"]},
   "ten_years": {"score": 0.5, "evidence": "去中心化 AI 叙事长期存在，但可被中心化 AI 与其他加密 AI 网络替代，没有它行业不会倒退。", "sources": ["https://superintelligence.io/"]},
   "people_governance": {"score": 0.5, "evidence": "三代币合并后由 Fetch.ai 主导；Interactive Strength 计划募 $500M 买 FET 作企业储备（2025-06）；未找到治理投票记录与基金会卖币数据。", "sources": ["https://www.coindesk.com/price/fetchai", "https://coinmarketcap.com/currencies/fetch/"]}
 },
 "C_judge": {
   "users_growth": {"score": 0.0, "evidence": "未找到证据（无活跃用户/地址数据）。", "sources": []},
   "utility": {"score": 0.5, "evidence": "质押与网络支付需 FET，但无强制使用场景数据。", "sources": ["https://www.kucoin.com/knowledge-base/Concepts/what-is-fetch-ai-fet"]},
   "culture": {"score": 0.25, "evidence": "ASI:One Mobile 与 FetchCoder 等产品发布，无社区/下载增速数据。", "sources": ["https://fetch.ai/blog"]},
   "web3_direction": {"score": 0.5, "evidence": "去中心化 AI/agent 属 web3 叙事方向，但落地证据弱。", "sources": ["https://superintelligence.io/"]}
 },
 "confidence": "low",
 "notes": "证据最弱之一：收入不可核（R1 命中），$50M 回购报道未能打开，解锁页 404。CoinMarketCap 与 CoinDesk 对流通量口径不一致（2.34B vs 2.69B）。本轮 WebSearch 配额耗尽，后半段只能靠 WebFetch。"
}