The Artificial Superintelligence Alliance, including $AGIX , $FET and $OCEAN , has provided an update on the token merger, which is scheduled to begin on July 1st. This strategic move will initially merge the #AGIX SingularityNET and #OCEAN Ocean Protocol tokens into the #Fetch.ai FET, and then at a later stage will be implemented on the ASI ticker. The purpose of the merger is to optimize operations and increase the efficiency of token holders. The migration of tokens will be carried out through the Singularity DAO dApp with established specific conversion rates for the transition to FET, and then to ASI tokens. This process involves the temporary consolidation of AGIX and OCEAN tokens into the FET token and the maintenance of active trading under the FET ticker. Phase II of the merger will involve the deployment of the ASI token across multiple blockchain networks, supported by FET network updates and the introduction of new migration contracts. This stage will ensure the constant compatibility and effectiveness of the token in various ecosystems. Here are the conversion rates: 1 FET will be converted to 1 ASI, 1 AGIX to 0.433350 ASI and 1 OCEAN to 0.4333226 ASI. The rebranding into #artificialintelligence Superintelligence Alliance will be reflected in the main data aggregators #CoinMarketCap and CoinGecko.
