ASI Token Merger and Rebranding.
Merger Process:The Artificial Super Intelligence Alliance (ASI) has started Phase 1 of its token merger process, unifying $FET, $AGIX and $OCEAN under the new ASI brand. In this phase, $AGIX and $OCEAN are migrating to $FET. The project name and logos are updated on platforms such as CoinMarketCap and CoinGecko.
Impact on the Market:
Following the start of the merger, the prices of $FET, $AGIX and $OCEAN have increased by approximately 7%. Starting July 1, 2024, $AGIX and $OCEAN deposits and withdrawals will be temporarily closed for migration, while the $FET markets will remain operational.
Conversion Ratios:
$AGIX is converted to $FET at a rate of 1 $AGIX = 0.433350 $FET.
$OCEAN is converted to $FET at a rate of 1 $OCEAN = 0.433226 $FET.
Finally, $FET, $AGIX and $OCEAN will be converted to $ASI at a rate of 1
$FET = 1 $ASI.
Support on Binance:
Binance will temporarily suspend deposits and withdrawals of $FET, $OCEAN, and $AGIX starting July 1, 2024 in preparation for the merger. Trading of the new $ASI token will begin on Binance on July 5, 2024. The balances of $FET, $OCEAN and $AGIX will be automatically converted to $ASI based on the mentioned ratios.
Next steps:
Phase 2 will focus on the deployment of $ASI tokens across multiple chains and the introduction of new migration contracts to allow token holders to transition to $ASI.
