Token merger of FET, AGIX, OCEAN to start on July 1
The Artificial Superintelligence Alliance, featuring SingularityNET, Fetch.ai, and Ocean Protocol, has unveiled updates about the merging process of the ASI crypto token, scheduled to commence on July 1st.
In a remarkable synergy, this initiative will initially amalgamate SingularityNET’s AGIX together with Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, before ultimately transitioning to the ASI designation at a subsequent phase. This consolidation is aimed at enhancing operational smoothness and optimizing the efficiency for stakeholders of the respective tokens.
Importantly, the pathway to token integration will be streamlined via the SingularityDAO dApp, defining explicit exchange rates for the shift towards FET and subsequently into ASI tokens. Critical steps encompass the interim fusion of AGIX and OCEAN tokens under the umbrella of the FET token, ensuring its continued participation in the trading sphere under the FET symbol.
The second phase of this amalgamation will roll out the ASI token on diverse blockchain platforms, reinforced by enhancements to the FET infrastructure and the implementation of novel migration protocols. This stage is designed to maintain the token’s functionality and efficacy spanning various digital environments.
The designated exchange rates will be: 1 FET equals 1 ASI; 1 AGIX equals 0.433350 ASI; and 1 OCEAN equals 0.433226 ASI. Additionally, the transition towards the Artificial Superintelligence Alliance branding will be recognized on numerous data compilation platforms, such as CoinMarketCap and CoinGecko.
