According to Foresight News, the AI Super Intelligence Alliance has announced that the ASI token merger plan will commence on July 1. The first phase will temporarily merge AGIX and OCEAN into FET, which will later be converted into ASI. Deposits and withdrawals of AGIX and Ocean have begun to close on various exchanges, while deposits, withdrawals, and trading of FET will continue as usual.
The migration platform from AGIX and OCEAN to FET has been opened on the SingularityDAO dApp, allowing holders to convert their tokens into FET. The exchange rate is set at 1 AGIX equals 0.433350 FET, and 1 OCEAN equals 0.433226 FET. The final conversion rate will be 1 FET equals 1 ASI.
The second phase will deploy cross-chain deployment of ASI tokens, and the FET network will be upgraded to no longer support the conversion of AGIX and OCEAN into FET. Instead, it will open FET, AGIX, and OCEAN to ASI migration contracts. Subsequently, exchanges will begin to migrate the spot market from FET to ASI. The timetable for the second phase is yet to be confirmed.