Fetch.AI: Token Overview Node development and operating. Holders can operate nodes on the public test network, provide services to agents and perform processing on behalf of themselves or other users on the network in the form of useful proof-of-work execution. Economic analysis. Analysis of the networks overall performance and economics, looking at how the utility value per-token is delivered. AI/ML development. Holders can develop machine learning and artificial intelligence applications and services and have them executed as part of useful proof-of-work. Between such developers and node operators, these applications and services can be delivered to those that want them and the value exchanged accordingly.

Essentially, no part of developing or participating on the Fetch.AI test network can occur without the ERC-20 token. This ERC-20 token acts as the key enabler for access to the test networks existing utility value as well as the component that facilitates the ability to develop and access future utility value. 11 of 26 Fetch.AI: Token Overview Token Economics The total number of tokens generated is intended to be 1,152,997,5753. No further tokens will be created, but native Fetch.AI tokens can be subdivided indefinitely. Token allocation Token Distribution Foundation4 Founders Token Sale (Seed and Private rounds plus Public Sale) Future Releases5 Mining

Advisors 3 When the native Fetch.AI tokens are created in late 2019, the exchange of ERC-20 Fetch tokens to native tokens will be made at a fixed conversion rate which is expected to be approximately one-to-one 4 These tokens are retained by Fetch.AI Foundation Pte Ltd to support the Fetch ecosystem and vest linearly 5 These tokens will be released to the community for sale no earlier than 12 months after the TGE 12 of 26 Amount 20.0% 20.0% 17.6% 17.4% 15.0% 10.0%

Fetch.AI: Token Overview Token vesting In order to manage token liquidity and provide stability to the Fetch.AI token, various vesting periods are applied to some of the issued tokens. In particular, those issued to advisors, founders and the foundation are subject to vesting periods of three years. Mining tokens, those that are there to incentivise node operators whilst the value of agent service delivery grows, are introduced over a period of five years. The tokens allocated and their vesting periods can be seen in the table below: Group Notes Vesting period (Commencing from TGE) Private sale Tokens sold to seed investors, and during private rounds to VC funds and accredited investors 3 month lockup, then linear vesting over months 4, 5 and 6 Public sale Issued during public token generation event planned for Q1 2019 None