In a major development for the crypto and AI sectors, Fetch.ai (FET) has announced the commencement of its highly anticipated ASI token merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX) on July 1. This merger marks a significant milestone, promising to reshape the landscape of AI protocols through a two-phase process designed to streamline and integrate these leading tokens.
Phase 1: Seamless Integration and Rebranding
The initial phase will witness the merging of SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET token. This strategic consolidation will precede the introduction of the new ASI token on prominent crypto exchanges such as Binance, as well as crypto data aggregators like CoinMarketCap and CoinGecko. Key activities during this phase include the delisting of AGIX and OCEAN tokens, rebranding of their symbols and names, and halting all deposits for these tokens—except for FET. The conversion rates set for this transition are 1 FET = 1 ASI, 1 OCEAN = 0.433226 ASI, and 1 AGIX = 0.433350 ASI. This phase will also focus on onboarding exchanges and data aggregators for the rebranded ASI token.
Phase 2: Community Onboarding and Multi-Chain Deployment
Mid-July will herald the second phase, centered on community onboarding and deploying the ASI token across multiple blockchain networks. While all Mainnet tokens will be automatically converted and deployed as ASI, users with locked or staked tokens on various platforms will be provided with new migration contracts. These contracts will remain active for an extended period, ensuring all token holders can manually convert their tokens to ASI at their convenience.
The crypto community is abuzz with excitement, anticipating a surge in AI token values, including the newly formed ASI token. This alliance between Fetch.ai, Ocean Protocol, and SingularityNET represents a monumental achievement, poised to drive significant advancements in the crypto and AI domains.
Stay Updated:
For more information on the ASI token merger and future developments, follow Fetch.ai's official channels. This groundbreaking merger is set to redefine the future of AI protocols in the crypto world—don't miss out on the opportunity to be a part of this revolutionary journey.
Boost Your Earnings with Our Trade Signals!
Join Emperor Trading’s exclusive group for top-notch crypto and forex signals. Benefit from expert analysis, real-time alerts, and a supportive community. Start earning from day one!