Binance has announced its support for the upcoming merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens into Fetch.ai (FET), which will be rebranded as the Artificial Superintelligence Alliance.
Key Details of the Token Merger
Token Conversion Ratios:
- 1 OCEAN = 0.433226 FET
- 1 AGIX = 0.433350 FET
Important Dates:
- July 1, 2024: Binance will delist OCEAN and AGIX spot trading pairs and suspend deposits/withdrawals.
- Post-merger: All OCEAN and AGIX holdings will be automatically converted to FET at the specified ratios.
User Actions Recommended:
- Settle any pending trades or loans involving OCEAN/AGIX before the cutoff to avoid losses.
- Monitor official Binance announcements for further updates.
FAQs
Q1: What happens to my OCEAN/AGIX tokens after the merger?
A: They will be automatically converted to FET based on the fixed ratios. No manual action is required unless you hold tokens outside Binance.
Q2: Will trading resume for FET after the merger?
A: Yes. FET trading will continue under the new alliance branding.
Q3: Why is this merger happening?
A: The projects aim to consolidate resources under a unified Artificial Superintelligence Alliance to enhance ecosystem collaboration.
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Notes:
- This is a strategic move by Fetch.ai, Ocean Protocol, and SingularityNET to align their blockchain-based AI initiatives.
- Always verify details via official Binance channels to avoid misinformation.
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