According to Odaily, SingularityDAO has announced the commencement of the first phase of the ASI token merger plan with FET, AGIX, and OCEAN. This follows the Artificial Superintelligence Alliance's announcement of significant progress and updates regarding the ASI token merger. The first phase of the plan began on July 1, 2024, with the closure of cross-exchange deposits and withdrawals for AGIX and Ocean in preparation for the migration process. Meanwhile, deposits, withdrawals, and transactions for 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 conversion rate is set at 0.433350 FET for each AGIX and 0.433226 FET for each OCEAN. The second phase will involve cross-chain deployment of the ASI token, upgrading the FET network to the ASI network. Migration contracts from FET, AGIX, and OCEAN to ASI will be opened, along with EVM and other bridges. The trading platform will begin transitioning from FET to the ASI spot market.