{
 "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",
 "audit": true,
 "one_sentence_zh": "FET 是 ASI 联盟（Fetch.ai、SingularityNET、CUDOS）的通用代币，用于 Agentverse/ASI:One 等 AI 代理产品的访问与激励；但谁为这些产品付钱、付了多少，没有任何公开可核的数据。",
 "one_sentence_en": "FET is the shared token of the ASI Alliance (Fetch.ai, SingularityNET, CUDOS) used for access and incentives across agent products like Agentverse and ASI:One; who pays for these products and how much is not publicly verifiable.",
 "red_lines": {
   "R1": {"hit": true, "note": "官网与博客均无收入、付费用户或链上费用数据；DefiLlama 无条目；Agentverse 页面 403。收入不可核实。", "sources": ["https://fetch.ai/", "https://superintelligence.io/", "https://fetch.ai/blog"]},
   "R2": {"hit": false, "note": "未找到任何回购/销毁计划，无从命中。", "sources": ["https://superintelligence.io/"]},
   "R3": {"hit": false, "unlock_12m_frac_of_circ": 0.0, "note": "流通 2.31B / 总量 2.71B；未流通的约 400M 为 ASI 合并预留的 AGIX/OCEAN 兑换池而非团队/投资人归属（文档未明示，按 CoinGecko 描述'tokenomic merger'推断）；未找到团队/投资人解锁表。", "sources": ["https://api.coingecko.com/api/v3/coins/fetch-ai?localization=false&tickers=false&community_data=true&developer_data=false"]},
   "R4": {"hit": false, "note": "FET 可质押、用于支付与治理（CoinGecko 分类含 Governance），有经济权利。", "sources": ["https://superintelligence.io/", "https://api.coingecko.com/api/v3/coins/fetch-ai?localization=false&tickers=false&community_data=true&developer_data=false"]},
   "R5": {"hit": false, "note": "能说清是什么（AI 代理平台代币），但谁付钱说不清，B1 给低分。", "sources": ["https://fetch.ai/"]},
   "R6": {"hit": false, "note": "未发现被盗/下架/跑路记录（检索有限，未能用 WebSearch）。", "sources": ["https://fetch.ai/blog"]}
 },
 "A_judge": {"mechanism_executing": null, "mechanism_desc": "未找到收入回流 FET 的机制（无回购、销毁、分红记录）；网络质押奖励来自增发。", "sources": ["https://superintelligence.io/", "https://fetch.ai/"]},
 "B": {
   "one_sentence": {"score": 1.0, "evidence": "产品矩阵清楚（ASI:One、Agentverse 2.7M agents、uAgents、ASI:Cloud），品牌合作名单（Nike、Hilton 等）为营销展示；付费方与付费原因无数据。", "sources": ["https://fetch.ai/", "https://superintelligence.io/"]},
   "moat": {"score": 0.5, "evidence": "宣称 2.7M agents 的开发者生态，但无可验证的活跃/付费数据；AI 代理框架面临 LangChain/OpenAI 等 web2 替代。", "sources": ["https://fetch.ai/"]},
   "ten_years": {"score": 0.5, "evidence": "联盟持续推出产品（ASI:Create 2026-06、ASI:Cloud 2025-09），但若没有它行业不会倒退。", "sources": ["https://superintelligence.io/", "https://fetch.ai/blog"]},
   "people_governance": {"score": 0.5, "evidence": "三方联盟治理结构不透明；博客无财务或国库披露；FDV/市值 1.17 的未流通部分用途未公开说明。", "sources": ["https://superintelligence.io/", "https://api.coingecko.com/api/v3/coins/fetch-ai?localization=false&tickers=false&community_data=true&developer_data=false"]}
 },
 "C_judge": {
   "users_growth": {"score": 0.0, "evidence": "未找到证据（无 90 天活跃用户/地址数据）。", "sources": []},
   "utility": {"score": 0.5, "evidence": "质押与网络访问需要 FET，但消费端产品（ASI:One）不要求持币。", "sources": ["https://superintelligence.io/"]},
   "culture": {"score": 0.5, "evidence": "ASI:One 移动端等面向消费者，但无下载/社区增速数据。", "sources": ["https://fetch.ai/blog"]},
   "web3_direction": {"score": 0.5, "evidence": "去中心化 AI 代理是 web3+AI 叙事方向，但商业验证不足。", "sources": ["https://superintelligence.io/"]}
 },
 "confidence": "low",
 "notes": "证据最弱的币之一：所有收入/用户数据均不可核，评分以'未找到证据'为主。1 年价格 −59.8%。"
}