In a strategic move to streamline token offerings, Binance has announced that it will support the merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens into Fetch.ai (FET) under a new project name: Artificial Superintelligence Alliance. This merger aims to consolidate the strengths of these projects to enhance their collective capabilities in the artificial intelligence and blockchain space.
Details of the Merger and Delisting
As part of this transition, Binance will delist and cease trading on all spot trading pairs for OCEAN and AGIX. This action is scheduled to take place shortly before the integration process begins. Users holding OCEAN and AGIX tokens will have their assets automatically converted to FET tokens at a specified conversion rate once the merger is complete.
The delisting and subsequent token conversion mean that users must prepare for the changes by either converting their holdings in advance or allowing Binance to handle the automatic conversion process. Binance has assured its users that detailed instructions and timelines will be provided to ensure a smooth transition.