Merger Date of FET, AGIX and OCEAN Tokens Announced! What Will ASI Token Be Like? In All Details!

Leading decentralized AI assets such as Fetch.ai (FET), #SingularityNET , and #OceanProtocol announced that they plan to complete the Artificial Superintelligence Alliance (ASI) merger by June 2024.

This merger will combine the native tokens of these AI-focused protocols under the ASI token with a total supply of 2.63 billion tokens. This move will position ASI as the AI ​​industry's largest open-source, decentralized network. As of May 29, the market cap of the new token is $5.8 billion.

FET token holders can switch to ASI through a token migration agreement until June 11. Similarly, holders of SingularityNET's AGIX and Ocean Protocol's #OCEAN tokens can exchange their tokens until June 13.

As of June 11, $FET will be rebranded as $ASI with a total supply of 2.63 billion tokens. Token holders can begin exchanging their $FETs for the new $ASI tokens at a 1:1 ratio.

$AGIX token holders can move them to $ASI via a secure bridge with a conversion rate of 0.433226:1. Similar to $AGIX, users can move $OCEAN tokens to $ASI via a bridge with a conversion rate of 0.433226:1.

The merger will be completed three months after the initial proposal. This merger is designed to boost AI growth, accelerate Artificial General Intelligence (AGI ) investments, and shake the dominance of Big Tech companies in AI technology development and commercialization.

The merger aims to accelerate the scaling of decentralized AI infrastructure, creating an open, scalable AI ecosystem using blockchain for ethical and trustworthy AI development and deployment.