LIVEUniNearAsi
@UniNearAsi
NEAR | AGIX | ASI | HODLER since 2017
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Binance Academy
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What is string abstraction?
Key points
Chain abstraction refers to the idea of simplifying the use of blockchain applications and services by removing friction and technical processes from the user experience (UX).
Chain abstraction can make applications more attractive to end users and help developers build more efficient DApps that enable cross-chain interactions.
Chain abstraction refers to the idea of simplifying the use of blockchain applications and services by removing friction and technical processes from the user experience (UX).
Chain abstraction can make applications more attractive to end users and help developers build more efficient DApps that enable cross-chain interactions.
$NEAR will hit 100$ soon
LIVEBinance News
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Grayscale Launches Decentralized AI Fund to Boost Crypto Investments
According to BlockBeats, on July 17, Grayscale introduced a new fund named Grayscale Decentralized AI Fund LLC, aimed at enhancing investments in artificial intelligence within the cryptocurrency sector. The fund's portfolio already includes decentralized AI projects such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Among these, Near, Filecoin, and Render hold the highest weight in the fund.
$NEAR
LIVE
CoinDesk
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CoinDesk 20 Performance Update: NEAR and AVAX Lead
CoinDesk Indices (CDI) presents its daily market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20).
The CoinDesk 20 is currently trading at 2155.7, up 3.1% (+64.67) since last Friday's close.
Nineteen out of 20 assets in the gauge are trading higher.
Leaders: NEAR (+7.1%) and AVAX (+5.8%).
Laggards: ATOM (-1.2%) and BCH (+0.0%).
CoinDesk 20 (CD20) is a broad-based index that tracks top digital assets and is investible on multiple platforms.
The CoinDesk 20 is currently trading at 2155.7, up 3.1% (+64.67) since last Friday's close.
Nineteen out of 20 assets in the gauge are trading higher.
Leaders: NEAR (+7.1%) and AVAX (+5.8%).
Laggards: ATOM (-1.2%) and BCH (+0.0%).
CoinDesk 20 (CD20) is a broad-based index that tracks top digital assets and is investible on multiple platforms.
See original
Nice
LIVECRYPTO MECHANIC
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$NEAR update
As long as price doesn't move back above this previous weekly zone, it's not really an interesting looking chart to me.
As long as price doesn't move back above this previous weekly zone, it's not really an interesting looking chart to me.
See original
See original
$ BUT 200$
LIVEDr Doom
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🔥 Details of merging $FET + $AGIX + $OCEAN into $ASI
1/ $ASI was renamed from $FET
2/ 1,477,549,566 tokens $FET will be minted to support swap $AGIX and $OCEAN -> $ASI
👉 Increase the total supply of new $FET tokens to 2,630,547,141
3/ Conversion rate to $ASI, if you have 3 types of tokens available:
- $AGIX : $ASI will be 0.433350:1, supported by 866.700.367 $FET newly minted
- $OCEAN:$ASI will be 0.433226:1, supported by 610,849,199 $FET newly minted
- $FET:$ASI is 1:1, supported by 1,152,997,575 $FET available
5/ There will no longer be 3 old projects, but will be replaced by $ASI with the following proportions:
$FET : $AGIX : $OCEAN
43.831% : 32.948% : 23.221%
4/ $ASI Expected FDV 7.5 billion USD (top 20 largest capitalization projects) => expected price = 7,500,000,000/2,630,547,141 = 2.8$/ASI
5/ The expected launch date of the $ASI token is May 24
1/ $ASI was renamed from $FET
2/ 1,477,549,566 tokens $FET will be minted to support swap $AGIX and $OCEAN -> $ASI
👉 Increase the total supply of new $FET tokens to 2,630,547,141
3/ Conversion rate to $ASI, if you have 3 types of tokens available:
- $AGIX : $ASI will be 0.433350:1, supported by 866.700.367 $FET newly minted
- $OCEAN:$ASI will be 0.433226:1, supported by 610,849,199 $FET newly minted
- $FET:$ASI is 1:1, supported by 1,152,997,575 $FET available
5/ There will no longer be 3 old projects, but will be replaced by $ASI with the following proportions:
$FET : $AGIX : $OCEAN
43.831% : 32.948% : 23.221%
4/ $ASI Expected FDV 7.5 billion USD (top 20 largest capitalization projects) => expected price = 7,500,000,000/2,630,547,141 = 2.8$/ASI
5/ The expected launch date of the $ASI token is May 24
See original
# BUT
LIVEBinance News
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Fetch.ai Announces Token Merger and Renaming After Community Vote
According to Foresight News, Fetch.ai has announced the approval of a proposal to merge $FET, $AGIX, and $OCEAN into $ASI. This decision was made following a vote by members of the SingularityNET alliance community. As a part of the merger process, an additional 1,477,549,566 FET tokens have been minted to support the conversion mechanism. This move will increase the total supply of new FET to 2,630,547,141. Following this, the FET token will be renamed to ASI.
See original
Sure
LIVECoinCodex
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NEAR Protocol Is Predicted to Reach $ 9.45 By May 03, 2024
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
NEAR Protocol is up 7.26% today against the US Dollar
NEAR/BTC increased by 6.16% today
NEAR Protocol is currently trading 22.83% below our prediction on May 03, 2024
NEAR Protocol gained 4.30% in the last month and is up 277.74% since 1 year ago
NEAR Protocol price $ 7.29 NEAR Protocol prediction $ 9.45 (29.88%) Sentiment Bullish Fear & Greed index 65 (Greed) Key support levels $ 6.75, $ 6.34, $ 5.90 Key resistance levels $ 7.60, $ 8.03, $ 8.44
NEAR price is expected to rise by 29.88% in the next 5 days according to our NEAR Protocol price prediction
NEAR Protocol price today is trading at $ 7.29 after gaining 7.26% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.35% in the same time period. NEAR performed well against BTC today and recorded a 6.16% gain against the world’s largest cryptocurrency.
According to our NEAR Protocol price prediction, NEAR is expected to reach a price of $ 9.45 by May 03, 2024. This would represent a 29.88% price increase for NEAR in the next 5 days.
NEAR Price Prediction Chart
Buy/Sell NEAR Protocol
What has been going on with NEAR Protocol in the last 30 days
NEAR Protocol has been displaying a positive trend recently, as the coin gained 4.30% in the last 30-days. The medium-term trend for NEAR Protocol has been bullish, with NEAR increasing by 147.38% in the last 3 months. The long-term picture for NEAR Protocol has been positive, as NEAR is currently displaying a 277.74% 1-year price change. On this day last year, NEAR was trading at $ 1.93.
NEAR Protocol reached its all-time high price on Jan 16, 2022, when the price of NEAR peaked at $ 20.42. The current NEAR cycle high is $ 8.97, while the cycle low is at $ 0.972014. NEAR has been displaying high volatility recently – the 1-month volatility of the coin is at 10.31. NEAR Protocol recorded 13 green days in the last 30 days.
NEAR Protocol technical analysis for today - Apr 28, 2024
The sentiment in the NEAR Protocol markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 6.75, $ 6.34 and $ 5.90, while $ 7.60, $ 8.03 and $ 8.44 are the key resistance levels.
Bullish sentiment for NEAR Protocol
25 indicators are currently signaling a bullish prediction for NEAR Protocol, while 4 indicators are showing a bearish forecast. With 86% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for NEAR Protocol.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
NEAR Protocol moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how NEAR Protocol is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 6.46 (BUY) $ 6.00 (BUY) - - MA5 $ 6.69 (BUY) $ 5.91 (BUY) - - MA10 $ 6.88 (BUY) $ 6.07 (BUY) - - MA21 $ 6.48 (BUY) $ 6.34 (BUY) $ 4.83 (BUY) $ 4.72 (BUY) MA50 $ 6.68 (BUY) $ 6.05 (BUY) $ 0.062678 (BUY) $ 3.55 (BUY) MA100 $ 5.05 (BUY) $ 5.16 (BUY) -$ 3.42 (BUY) $ 2.37 (BUY) MA200 $ 3.59 (BUY) $ 4.04 (BUY) - -
Period Value Action RSI (14) 57.01 NEUTRAL Stoch RSI (14) 100.00 SELL Stochastic Fast (14) 81.42 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 14.97 NEUTRAL Awesome Oscillator (5, 34) 0.38 NEUTRAL Momentum (10) 1.44 NEUTRAL MACD (12, 26) 0.14 NEUTRAL Williams Percent Range (14) -18.58 SELL Ultimate Oscillator (7, 14, 28) 58.71 NEUTRAL VWMA (10) 6.43 BUY Hull Moving Average (9) 7.53 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 6.02 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for NEAR Protocol is at 57.01, suggesting that NEAR is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of NEAR Protocol over the last 50 days. Currently, NEAR Protocol is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the NEAR closing price for the last 200 days. NEAR is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this NEAR Protocol prediction
After considering the above factors, we can conclude that the current forecast for NEAR Protocol price prediction is Bullish. NEAR would have to increase by 29.88% to hit our $ 9.45 target within the next five days. Moving forward, it will be important to monitor the NEAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term NEAR Protocol price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
NEAR Protocol is up 7.26% today against the US Dollar
NEAR/BTC increased by 6.16% today
NEAR Protocol is currently trading 22.83% below our prediction on May 03, 2024
NEAR Protocol gained 4.30% in the last month and is up 277.74% since 1 year ago
NEAR Protocol price $ 7.29 NEAR Protocol prediction $ 9.45 (29.88%) Sentiment Bullish Fear & Greed index 65 (Greed) Key support levels $ 6.75, $ 6.34, $ 5.90 Key resistance levels $ 7.60, $ 8.03, $ 8.44
NEAR price is expected to rise by 29.88% in the next 5 days according to our NEAR Protocol price prediction
NEAR Protocol price today is trading at $ 7.29 after gaining 7.26% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.35% in the same time period. NEAR performed well against BTC today and recorded a 6.16% gain against the world’s largest cryptocurrency.
According to our NEAR Protocol price prediction, NEAR is expected to reach a price of $ 9.45 by May 03, 2024. This would represent a 29.88% price increase for NEAR in the next 5 days.
NEAR Price Prediction Chart
Buy/Sell NEAR Protocol
What has been going on with NEAR Protocol in the last 30 days
NEAR Protocol has been displaying a positive trend recently, as the coin gained 4.30% in the last 30-days. The medium-term trend for NEAR Protocol has been bullish, with NEAR increasing by 147.38% in the last 3 months. The long-term picture for NEAR Protocol has been positive, as NEAR is currently displaying a 277.74% 1-year price change. On this day last year, NEAR was trading at $ 1.93.
NEAR Protocol reached its all-time high price on Jan 16, 2022, when the price of NEAR peaked at $ 20.42. The current NEAR cycle high is $ 8.97, while the cycle low is at $ 0.972014. NEAR has been displaying high volatility recently – the 1-month volatility of the coin is at 10.31. NEAR Protocol recorded 13 green days in the last 30 days.
NEAR Protocol technical analysis for today - Apr 28, 2024
The sentiment in the NEAR Protocol markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 6.75, $ 6.34 and $ 5.90, while $ 7.60, $ 8.03 and $ 8.44 are the key resistance levels.
Bullish sentiment for NEAR Protocol
25 indicators are currently signaling a bullish prediction for NEAR Protocol, while 4 indicators are showing a bearish forecast. With 86% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for NEAR Protocol.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
NEAR Protocol moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how NEAR Protocol is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 6.46 (BUY) $ 6.00 (BUY) - - MA5 $ 6.69 (BUY) $ 5.91 (BUY) - - MA10 $ 6.88 (BUY) $ 6.07 (BUY) - - MA21 $ 6.48 (BUY) $ 6.34 (BUY) $ 4.83 (BUY) $ 4.72 (BUY) MA50 $ 6.68 (BUY) $ 6.05 (BUY) $ 0.062678 (BUY) $ 3.55 (BUY) MA100 $ 5.05 (BUY) $ 5.16 (BUY) -$ 3.42 (BUY) $ 2.37 (BUY) MA200 $ 3.59 (BUY) $ 4.04 (BUY) - -
Period Value Action RSI (14) 57.01 NEUTRAL Stoch RSI (14) 100.00 SELL Stochastic Fast (14) 81.42 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 14.97 NEUTRAL Awesome Oscillator (5, 34) 0.38 NEUTRAL Momentum (10) 1.44 NEUTRAL MACD (12, 26) 0.14 NEUTRAL Williams Percent Range (14) -18.58 SELL Ultimate Oscillator (7, 14, 28) 58.71 NEUTRAL VWMA (10) 6.43 BUY Hull Moving Average (9) 7.53 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 6.02 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for NEAR Protocol is at 57.01, suggesting that NEAR is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of NEAR Protocol over the last 50 days. Currently, NEAR Protocol is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the NEAR closing price for the last 200 days. NEAR is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this NEAR Protocol prediction
After considering the above factors, we can conclude that the current forecast for NEAR Protocol price prediction is Bullish. NEAR would have to increase by 29.88% to hit our $ 9.45 target within the next five days. Moving forward, it will be important to monitor the NEAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term NEAR Protocol price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Ok
LIVEdoctraders
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Bullish
#NEAR
In short term it might do 18$!
As it showing amazing strength and almost recover more than 50% from recent crash
Weekly chart showing flip of key HTF trendline resistance and now retesting it!(So Structure shifted from BEARISH to BULLISH on weekly time frame)
Daily chart showing flip of horizontal resistance and now consolidating above it!
In short term it might do 18$!
As it showing amazing strength and almost recover more than 50% from recent crash
Weekly chart showing flip of key HTF trendline resistance and now retesting it!(So Structure shifted from BEARISH to BULLISH on weekly time frame)
Daily chart showing flip of horizontal resistance and now consolidating above it!
Nice subject
LIVEOdaily星球日报
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Crypto Market Sentiment Research Report (2024.03.22-03.29): Exploring the merger of three major AI projects from ASI (Artificial Superintelligence)
Explore the merger of three major AI projects from ASI (Artificial Superintelligence)
What is ASI?
Artificial intelligence can be divided into three main levels: Artificial Narrow Intelligence (ANI), Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).
Weak AI (ANI): Weak AI refers to AI systems that are specifically designed to solve specific problems or perform specific tasks. They perform well in specific areas but lack cross-domain intelligence and learning capabilities. Many current AI applications, such as voice assistants, image recognition, and recommendation systems, are weak AI.
What is ASI?
Artificial intelligence can be divided into three main levels: Artificial Narrow Intelligence (ANI), Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).
Weak AI (ANI): Weak AI refers to AI systems that are specifically designed to solve specific problems or perform specific tasks. They perform well in specific areas but lack cross-domain intelligence and learning capabilities. Many current AI applications, such as voice assistants, image recognition, and recommendation systems, are weak AI.
Wow
LIVECryptoVenom
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The Biggest Merge In Crypto History: 🔥Superintelligence Alliance Token Merge $ASI🔥
Congratulations If you hold $FET or $OCEAN or AGXI this is All You Need To Know & how to SWAP or Automatically get your Super Token. Fetch.ai is joining forces with SingularityNET and Ocean Protocol to create the Superintelligence Alliance with the token ticker $ASI "Artificial Superintelligence." You can read the full story about the Superintelligence Alliance here.
This blog post will detail the changes that are taking place to our native cryptocurrency FET.
The Superintelligence Alliance will form through the union of three top decentralized AI companies, Fetch.ai, SingularityNET and Ocean Protocol. With increased activity on our platform, combined with a period of exponential growth for AI projects, the time is right to switch gears with our token too. As part of the union, there will be a token merge of FET, OCEAN and AGIX into a new ASI token. Let's dive in🥂
💥What is $ASI?💥
The most important thing to note is that FET is the reserve currency of The Superintelligence Alliance and will be changing its name to ASI, pending successful governance proposals.
Fetch.ai, SingularityNET and Ocean Protocol will shortly be submitting governance proposals to their respective communities and voting is expected to open on 2nd April. Fetch.ai will complete voting on 7th April with all proposals scheduled to complete voting by 16th April.
If approved, it will then be possible to swap FET for Artificial Superintelligence token at a rate of 1:1. For example, if you hold 100 FET then you will be able to swap it for 100 ASI.
As part of the new initiative, Ocean Protocol will convert OCEAN tokens into ASI and SingularityNET will convert AGIX tokens into ASI at a fixed exchange rate, detailed further down.
The ASI token (the renamed FET token) will have a new market capitalization based on the token merge. The combined value of the Superintelligence Alliance is expected to be around $7.5 Billion with 2.631 Billion tokens, and with FET as the benchmark currency, valued at $2.82 per FET at the time of writing.
Snapshot of the Projects
💡ASI Token Exchange Mechanism💡
Starting with FET as the base token of the Alliance, the FET token will be renamed $ASI, and an additional 1.48 Billion tokens will be minted, with 867 million $ASI allocated to AGXI holders and 611 million $ASI allocated to OCEAN token holders.
The total supply of ASI tokens will be 2.63 Billion tokens.
A snapshot taken on Monday, 25 March 2024 shows a summary of the Max Supply (#) and Fully Diluted Value ($):
Here is the calculation basis for the token minting to give a proportional share of new $ASI tokens to OCEAN and AGIX holders:
Token holders will receive 0.433226 ASI per OCEAN and 0.433350 ASI per AGIX. This exchange rate is fixed and will not change. We expect that smart arbitrageurs will notice if a price differential between the tokens arises, and then arb it out to maintain a balance and equilibrium in the exchange rate.
🟢 I am a FET holder, what action should I take?
FET holders don't need to do anything right now. With the announcement live, each Foundation will speak to business partners, answer questions from the community and start to plan the next steps.
The first priority is to execute the token merge. As mentioned, FET token will be the reserve currency of the Superintelligence Alliance and it will be renamed ASI --- 'Artificial Superintelligence.'
Holders of OCEAN and AGIX need not do anything right now. The exchange rate between FET/ASI and OCEAN and ASI and AGIX is fixed and the swap mechanism will remain open indefinitely, so users can choose to swap tokens at their leisure.
✨ FET Tokens on Exchanges
If you have OCEAN and AGIX tokens on an exchange, no action is needed. We will work with each exchange to ensure a smooth conversion and your holdings will automatically be converted to $ASI tokens directly by the exchange. You won't see OCEAN or AGIX on the exchange --- but don't panic! Your tokens are there, just look for the ASI symbol.
Don't Deposit OCEAN / AGIX tokens into Exchanges after they've Executed a Conversion When an exchange has converted all OCEAN and AGIX tokens, the tickers OCEAN and AGXI will be retired from the exchange. If anyone accidentally sends OCEAN or AGIX an exchange after the conversion event, we cannot guarantee that the tokens will be available or converted to ASI. So please keep abreast of notices and announcements from your exchanges.
If you hold OCEAN or AGIX outside of an exchange and want to convert them to $ASI tokens, please see the next paragraph.
⚡ OCEAN / AGIX Tokens in Hard Wallets or Offline
For those of you holding your tokens in hard wallets or offline, a token swap mechanism will be available in the coming weeks to allow holders to exchange their OCEAN and AGIX for ASI.
Once made available, this swap mechanism will be available indefinitely to allow long-term stakers to exchange their OCEAN and AGIX for ASI tokens when their tokens unlock, without any FX or exchange risk.
⏳Timing for the Token Swap Mechanism
The token swap contracts have been tested and audited but given the complexity of the coordination with hundreds of business partners, we'll complete a more detailed analysis, speak with partners & exchanges, and come back to the community with a firm date to release the token swap tool. Stay tuned to our official channels which you should access via links on our website.
🎯DEXes and Pool Liquidity
We encourage liquidity providers to remove any OCEAN and AGIX related liquidity from DEXs at their convenience. Users may experience higher slippage in pools with lower liquidity. We recommend that you size your swap according to the available liquidity to minimize slippage.
Once a threshold of 95% of the OCEAN and AGIX token supply is converted to ASI, Ocean Protocol and SingularityNET Foundations will remove any pool liquidity that we have provisioned.
🌿New Beginnings🌿
We hope you will continue to join us on this journey into AI. We are extremely excited to move forward as an Alliance and bring our combined knowledge and expertise to bear. All three companies have been working on different parts of the decentralized stack and by teaming up, the value-flow from deep research, to tools & applications, and finally to large-scale commercialization of data and AI services can be expedited.
📚 Source: FET Fetch.ai News Article.
🖋️ By @CryptoVenom
Follow & Like for MORE Exclusive News🥂
This blog post will detail the changes that are taking place to our native cryptocurrency FET.
The Superintelligence Alliance will form through the union of three top decentralized AI companies, Fetch.ai, SingularityNET and Ocean Protocol. With increased activity on our platform, combined with a period of exponential growth for AI projects, the time is right to switch gears with our token too. As part of the union, there will be a token merge of FET, OCEAN and AGIX into a new ASI token. Let's dive in🥂
💥What is $ASI?💥
The most important thing to note is that FET is the reserve currency of The Superintelligence Alliance and will be changing its name to ASI, pending successful governance proposals.
Fetch.ai, SingularityNET and Ocean Protocol will shortly be submitting governance proposals to their respective communities and voting is expected to open on 2nd April. Fetch.ai will complete voting on 7th April with all proposals scheduled to complete voting by 16th April.
If approved, it will then be possible to swap FET for Artificial Superintelligence token at a rate of 1:1. For example, if you hold 100 FET then you will be able to swap it for 100 ASI.
As part of the new initiative, Ocean Protocol will convert OCEAN tokens into ASI and SingularityNET will convert AGIX tokens into ASI at a fixed exchange rate, detailed further down.
The ASI token (the renamed FET token) will have a new market capitalization based on the token merge. The combined value of the Superintelligence Alliance is expected to be around $7.5 Billion with 2.631 Billion tokens, and with FET as the benchmark currency, valued at $2.82 per FET at the time of writing.
Snapshot of the Projects
💡ASI Token Exchange Mechanism💡
Starting with FET as the base token of the Alliance, the FET token will be renamed $ASI, and an additional 1.48 Billion tokens will be minted, with 867 million $ASI allocated to AGXI holders and 611 million $ASI allocated to OCEAN token holders.
The total supply of ASI tokens will be 2.63 Billion tokens.
A snapshot taken on Monday, 25 March 2024 shows a summary of the Max Supply (#) and Fully Diluted Value ($):
Here is the calculation basis for the token minting to give a proportional share of new $ASI tokens to OCEAN and AGIX holders:
Token holders will receive 0.433226 ASI per OCEAN and 0.433350 ASI per AGIX. This exchange rate is fixed and will not change. We expect that smart arbitrageurs will notice if a price differential between the tokens arises, and then arb it out to maintain a balance and equilibrium in the exchange rate.
🟢 I am a FET holder, what action should I take?
FET holders don't need to do anything right now. With the announcement live, each Foundation will speak to business partners, answer questions from the community and start to plan the next steps.
The first priority is to execute the token merge. As mentioned, FET token will be the reserve currency of the Superintelligence Alliance and it will be renamed ASI --- 'Artificial Superintelligence.'
Holders of OCEAN and AGIX need not do anything right now. The exchange rate between FET/ASI and OCEAN and ASI and AGIX is fixed and the swap mechanism will remain open indefinitely, so users can choose to swap tokens at their leisure.
✨ FET Tokens on Exchanges
If you have OCEAN and AGIX tokens on an exchange, no action is needed. We will work with each exchange to ensure a smooth conversion and your holdings will automatically be converted to $ASI tokens directly by the exchange. You won't see OCEAN or AGIX on the exchange --- but don't panic! Your tokens are there, just look for the ASI symbol.
Don't Deposit OCEAN / AGIX tokens into Exchanges after they've Executed a Conversion When an exchange has converted all OCEAN and AGIX tokens, the tickers OCEAN and AGXI will be retired from the exchange. If anyone accidentally sends OCEAN or AGIX an exchange after the conversion event, we cannot guarantee that the tokens will be available or converted to ASI. So please keep abreast of notices and announcements from your exchanges.
If you hold OCEAN or AGIX outside of an exchange and want to convert them to $ASI tokens, please see the next paragraph.
⚡ OCEAN / AGIX Tokens in Hard Wallets or Offline
For those of you holding your tokens in hard wallets or offline, a token swap mechanism will be available in the coming weeks to allow holders to exchange their OCEAN and AGIX for ASI.
Once made available, this swap mechanism will be available indefinitely to allow long-term stakers to exchange their OCEAN and AGIX for ASI tokens when their tokens unlock, without any FX or exchange risk.
⏳Timing for the Token Swap Mechanism
The token swap contracts have been tested and audited but given the complexity of the coordination with hundreds of business partners, we'll complete a more detailed analysis, speak with partners & exchanges, and come back to the community with a firm date to release the token swap tool. Stay tuned to our official channels which you should access via links on our website.
🎯DEXes and Pool Liquidity
We encourage liquidity providers to remove any OCEAN and AGIX related liquidity from DEXs at their convenience. Users may experience higher slippage in pools with lower liquidity. We recommend that you size your swap according to the available liquidity to minimize slippage.
Once a threshold of 95% of the OCEAN and AGIX token supply is converted to ASI, Ocean Protocol and SingularityNET Foundations will remove any pool liquidity that we have provisioned.
🌿New Beginnings🌿
We hope you will continue to join us on this journey into AI. We are extremely excited to move forward as an Alliance and bring our combined knowledge and expertise to bear. All three companies have been working on different parts of the decentralized stack and by teaming up, the value-flow from deep research, to tools & applications, and finally to large-scale commercialization of data and AI services can be expedited.
📚 Source: FET Fetch.ai News Article.
🖋️ By @CryptoVenom
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AI
LIVECoinDesk
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Three Decentralized Platforms to Merge AI Tokens, Create AI Alliance
The three firms are seeking to create an AI collective to provide a decentralized alternative to existing projects that are controlled by Big Tech.
FET, the native token of AI-focused Web3 platform Fetch.ai, will become ASI, which will have a total supply of around 2.63 billion tokens and a starting price of $2.82.
The native tokens of SingularityNET and Ocean Protocol will merge into ASI.
Fetch.ai, SingularityNET and Ocean Protocol agreed to merge tokens and create an alliance for decentralized artificial intelligence (AI).
The three are seeking to create an AI collective, providing a decentralized alternative to existing projects that are controlled by large technology companies, according to an emailed announcement on Wednesday.
{{FET}}, the native token of AI-focused Web3 platform Fetch.ai, will become ASI – "artificial superintelligence" – with a total supply of around 2.63 billion tokens and a starting price of $2.82. The native tokens of decentralized AI network SingularityNET {{AGIX}} and data platform Ocean Protocol {{OCEAN}} will merge into ASI, both at conversion rates of around 0.433 to 1. ASI will have a fully diluted market cap of around $7.5 billion.
The proposed combined entity plans to create an open decentralized AI infrastructure at scale, as compared to existing systems whose inner workings may be hidden from the public, the companies said.
AI has seen a surge in mainstream interest since the start of 2023 thanks to tools such as ChatGPT. However, there have been concerns that the largest companies – Microsoft, Alphabet, Amazon, Apple and Meta – will establish an oligarchy over the space. That has spurred blockchain and Web3 companies to throw their hats into the ring to present an alternative where data is more transparent and shared between contributors.
Read More: Tether to Establish AI Unit, Starts Recruitment Drive
FET, the native token of AI-focused Web3 platform Fetch.ai, will become ASI, which will have a total supply of around 2.63 billion tokens and a starting price of $2.82.
The native tokens of SingularityNET and Ocean Protocol will merge into ASI.
Fetch.ai, SingularityNET and Ocean Protocol agreed to merge tokens and create an alliance for decentralized artificial intelligence (AI).
The three are seeking to create an AI collective, providing a decentralized alternative to existing projects that are controlled by large technology companies, according to an emailed announcement on Wednesday.
{{FET}}, the native token of AI-focused Web3 platform Fetch.ai, will become ASI – "artificial superintelligence" – with a total supply of around 2.63 billion tokens and a starting price of $2.82. The native tokens of decentralized AI network SingularityNET {{AGIX}} and data platform Ocean Protocol {{OCEAN}} will merge into ASI, both at conversion rates of around 0.433 to 1. ASI will have a fully diluted market cap of around $7.5 billion.
The proposed combined entity plans to create an open decentralized AI infrastructure at scale, as compared to existing systems whose inner workings may be hidden from the public, the companies said.
AI has seen a surge in mainstream interest since the start of 2023 thanks to tools such as ChatGPT. However, there have been concerns that the largest companies – Microsoft, Alphabet, Amazon, Apple and Meta – will establish an oligarchy over the space. That has spurred blockchain and Web3 companies to throw their hats into the ring to present an alternative where data is more transparent and shared between contributors.
Read More: Tether to Establish AI Unit, Starts Recruitment Drive