The recent merger of $OCEAN, $AGIX, and $FET is more than just a strategic alliance—it’s a unified effort to accelerate the creation of Artificial Super Intelligence (ASI).
But what exactly is ASI, and why did these leading AI and blockchain projects decide to come together?
Artificial Super Intelligence refers to a form of AI that surpasses human intelligence across all areas. Although still in its infancy, the ambition is to develop AI capable of solving complex problems at speeds and efficiencies beyond human capability. This merger aims to bring that vision closer to reality.
Each of these projects has been working towards different facets of AI and blockchain technology. $OCEAN has played a critical role in facilitating secure data sharing. $AGIX has focused on building decentralized AI marketplaces, while $FET has specialized in autonomous agents and AI-driven applications. The combination of these strengths forms a powerful alliance poised to push the boundaries of AI.
Further Development On $FET and $OCEAN Holders
The $FET token will serve as the foundation for the newly merged alliance, and it will be rebranded as $ASI. To support this transition, 1.48 billion additional tokens will be minted. Of these, 867 million $ASI tokens will be allocated to $AGIX holders, and 611 million will go to $OCEAN holders, resulting in a total supply of 2.63 billion $ASI tokens.
Merging $OCEAN, $AGIX, and $FET aims to Advance AI
This isn't just about combining forces—it's about aligning on a shared vision to accelerate the development of Artificial Super Intelligence (ASI).
But, what exactly is $ASI?Why did these projects decide to join forces?🧠👇 pic.twitter.com/K72TK2apg9
— Token Unlocks (@Token_Unlocks) September 4, 2024
The combined circulating supply of $FET, $AGIX, and $OCEAN currently stands at 1.8 billion tokens. The remaining tokens will be distributed in the future through governance and other programs.
This merger also aligns with existing incentive structures. Ocean Protocol’s programs, such as Ocean-nodes and Predict0r, will continue to be supported post-merger. Similarly, SingularityNET’s token pools for Foundation, Deep Funding, and Loyalty Rewards will convert to $ASI tokens but will maintain their intended uses.
The team plans to release updated tokenomics documentation soon, providing further clarity on the future of this groundbreaking collaboration.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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