# FAI-USD · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** FAI-USD  
**Sources:** 10  
**Published:** 2026-10-31  
**Canonical:** https://app.k3vl4r.com/research/deep-research-fai-usd-catalysts-narrative-risks-4112

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## What FAI actually is

FAI (traded as FAI/USD) is the native utility and governance token of **Freysa AI**, a project that began as a viral game where players tried to persuade an AI agent ("Freysa") to release a crypto prize pool [[4]](https://tokenradar.ai/tokens/freysa-ai). The token is deployed on the **Base** network (an Ethereum L2) as an ERC-20 token, with a **fixed maximum supply of 8,189,700,000 FAI** (chosen to represent one per living person at launch) that was fully distributed via a "fair launch" liquidity pool, with LP tokens burned [[5]](https://framework.freysa.ai/overview/fai), [[6]](https://framework.freysa.ai/overview/fai). The developer, **Eternis AI** (co-founders Srikar Varadaraj, Pratyush Ranjan Tiwari, Ken Li, Augustinas Malinauskas), secured a **$30 million funding round in May 2025 led by Coinbase Ventures and Selini Capital** [[1]](https://coinmarketcap.com/cmc-ai/freysa-ai/price-prediction/), [[4]](https://tokenradar.ai/tokens/freysa-ai).

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