The highly anticipated ASI token merger involving Fetch AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) is poised to transform the AI token landscape. Fetch AI has unveiled critical details about the merger, set to commence on July 1, 2024, marking a pivotal step toward consolidating these tokens into a single unified asset under the Artificial Superintelligence Alliance.
Key Phases of the ASI Token Merger
Phase 1: Integration of AGIX and OCEAN into FET
- Rebranding Starts July 1: AGIX and OCEAN tokens will merge into FET, followed by FET’s transition to ASI.
- Uninterrupted Trading: FET trading remains active during this phase, ensuring seamless platform updates (e.g., CoinMarketCap, CoinGecko).
- Deposit Closures: AGIX and OCEAN deposits will halt, while FET deposits continue unchanged.
- Migration Platform: A dedicated portal will launch via SingularityDAO’s dApp for token conversions.
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Phase 2: Community Engagement and ASI Deployment
- Focus on Self-Custody Holders: Priority given to users holding tokens in private wallets.
- Multi-Chain ASI Deployment: ASI tokens will be distributed across multiple blockchains.
- Extended Migration Window: Contracts remain open for years, accommodating staked or locked tokens.
Conversion Rates and Key Dates
| Token | Conversion Rate to ASI |
|---|---|
| FET | 1:1 |
| AGIX | 1:0.433350 |
| OCEAN | 1:0.433226 |
Official rebranding begins July 1, with ASI branding rolling out simultaneously.
Scam Alerts and Security Measures
- Beware of Impersonators: Fraudulent accounts may exploit the transition. Verify links via official channels.
- No Rush Needed: Fetch AI emphasizes a gradual, secure migration process.
Market Impact and Token Performance
All three tokens experienced declines at press time:
- FET: $1.61 (↓4.18%)
- AGIX: $0.6636 (↓4.24%)
- OCEAN: ↓4% (24-hour change)
The merger could set a new benchmark for AI token integration, leveraging collective strengths to enhance market positioning.
FAQs
1. When does the ASI token merger start?
The merger begins July 1, 2024, with Phase 1 integrating AGIX and OCEAN into FET.
2. Will FET trading be affected during Phase 1?
No. FET trading continues uninterrupted during the transition.
3. How long will migration contracts remain open?
Contracts stay open for years, allowing ample time for conversions.
4. What are the conversion rates for AGIX and OCEAN?
- 1 AGIX = 0.433350 ASI
- 1 OCEAN = 0.433226 ASI
5. How can I avoid scams during the merger?
Use only official channels for information and avoid unsolicited links.
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The ASI merger represents a landmark event for AI cryptocurrencies, combining technological innovation with strategic tokenomics. Stakeholders are advised to monitor official updates for a smooth transition.