Binance will list AI Superintelligence ASI coin before July 15 merger of three AI tokens
The ASI token merger of Fetch.ai, SingularityNet, and Ocean Protocol is slated on July 15.
Binance will begin ASI token trading on July 5 before the merger.
FET, AGIX, and OCEAN lost 16% in value in seven days.
Artificial Superintelligence Alliance rescheduled ASI token merger from June 13 to July 15. The three protocols' tokens will trade separately until the ASI token launch.
In the previous week, FET, AGIX, and OCEAN prices have fallen roughly 16%, while Binance has lost less than 1%.
On July 5, the centralized exchange platform will introduce ASI token trading before its merger.
July 15 ASI token merger
The AI alliance will debut its ASI cryptocurrency on July 15. The date was changed due to exchanges, validators, and ecosystem partners' logistical and technological needs.
The alliance told FXStreet in an email that merger planning requires complicated connections, careful coordination, and attention to many moving pieces. The dependencies are crucial to a seamless merging, hence ASI debut was delayed to assure correctness and efficiency.
Binance, a major centralized exchange, will start trading ASI tokens on July 5 ahead of the merger. By July 1, the exchange will delist trading pairs and erase orders for FET, AGIX, and OCEAN, suspending deposits and withdrawals.
Three tokens convert to ASI at a fixed rate:
1 FET will be equivalent to 1 ASI.
1 OCEAN will convert to 0.433226 ASI.
1 AGIX will convert to 0.433350 ASI.
On Binance, the three AI tokens have lost almost 16% in the previous week. FET, OCEAN, and AGIX trade at $1.453, $0.6283, and $0.6177.
