Fetch AI (FET) and SingularityNET (AGIX) Merger Finally Coming Together

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As a researcher with experience in the AI and blockchain industry, I’m thrilled about the upcoming merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens into Artificial Superintelligence Alliance (ASI). This is an exciting development for the community as it represents a significant step forward in the evolution of decentralized AI platforms.

As a crypto investor in the AI community, I’m thrilled to share some exciting news: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens are set to merge into one unified token named ASI. This long-awaited development was announced by Fetch.ai via their official X account, with the merger scheduled to begin on July 1.

Merger Processes of FET and AGIX

In the forthcoming merge, AGIX and Ocean Protocol’s OCEAN tokens will first combine into FET during the initial stage. Later, FET will then be replaced by ASI in a subsequent transition. Despite this change, trading of FET will continue undisrupted throughout the process on various platforms such as CoinMarketCap and CoinGecko to ensure a seamless rebranding experience.

During Phase I, the tokens $AGIX from SingularityNET and $OCEAN from Ocean Protocol will be combined into a new token called $FET. Following this merge, the project will undergo a rebranding process and be renamed Artificial Superintelligence Alliance. The trading of FET tokens will continue uninterrupted on major cryptocurrency platforms such as CoinMarketCap and Coingecko.— Fetch.ai (@Fetch_ai) June 26, 2024

In the initial stage, or Phase 1, our main objective is to bring on board exchanges and data aggregators. Simultaneously, we are meticulously preparing for a seamless shift during the rebranding process’s commencement. As mentioned in the recent update, this integration will progress at an appropriate pace, serving as the solid base for the upcoming rebrand.

Starting July 1, project names and logos will undergo an update. meanwhile, AGIX and OCEAN will be removed from cryptocurrency exchanges. On this day, the migration platform is set to launch on the Singularity DAO Decentralized Applications (dApps).

In contrast, Phase 2 marks the implementation of the Artificial General Intelligence (AGI) system and community integration. This phase will give preference to self-custody holders, who will receive their corresponding ASI tokens on various blockchains. Additionally, new migration contracts will be released as FET transitions to the ASI ecosystem. The exchange rates are established as 1 AGIX equals 0.433350 ASI, 1 OCEAN equals 0.433226 ASI, and 1 FET is equivalent to 1 ASI.

ASI Alliance Prioritizes Users

The team announced that the migration contracts will remain open for extended periods, providing users sufficient time to manually transfer their tokens into ASI. Particularly, those whose funds are currently secured in staking or various programs have a generous window to carry out this conversion process manually.

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2024-06-27 15:45