The Fetch.ai, SingularityNET and Ocean Protocol token merger will launch on July 1
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai and Ocean Protocol, has provided an update on a token merger set to begin on July 1.
Initially, this strategic move will merge AGIX SingularityNET and OCEAN Ocean Protocol tokens into FET Fetch.ai, before being implemented on the ASI ticker at a later stage. The purpose of the merger is to optimize operations and improve efficiency for token holders.
Token migration will be done via dApp SingularityDAO with specific conversion rates set to migrate to FET and then to ASI tokens. This process will involve temporarily consolidating AGIX and OCEAN tokens into the FET token and maintaining active trading under the FET token.
Phase II of the merger will involve the deployment of the ASI token across multiple blockchain networks, supported by updates to the FET network and the introduction of new migration contracts. This phase will ensure the token's continued interoperability and effectiveness across different ecosystems.
Here are the conversion rates: 1 FET will be converted to 1 ASI, 1 AGIX to 0.433350 ASI and 1 OCEAN to 0.433226 ASI. The rebranding to Artificial Superintelligence Alliance will be reflected in the major data aggregators CoinMarketCap and CoinGecko.
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai and Ocean Protocol, has provided an update on a token merger set to begin on July 1.
Initially, this strategic move will merge AGIX SingularityNET and OCEAN Ocean Protocol tokens into FET Fetch.ai, before being implemented on the ASI ticker at a later stage. The purpose of the merger is to optimize operations and improve efficiency for token holders.
Token migration will be done via dApp SingularityDAO with specific conversion rates set to migrate to FET and then to ASI tokens. This process will involve temporarily consolidating AGIX and OCEAN tokens into the FET token and maintaining active trading under the FET token.
Phase II of the merger will involve the deployment of the ASI token across multiple blockchain networks, supported by updates to the FET network and the introduction of new migration contracts. This phase will ensure the token's continued interoperability and effectiveness across different ecosystems.
Here are the conversion rates: 1 FET will be converted to 1 ASI, 1 AGIX to 0.433350 ASI and 1 OCEAN to 0.433226 ASI. The rebranding to Artificial Superintelligence Alliance will be reflected in the major data aggregators CoinMarketCap and CoinGecko.