Token Merger Begins July 1, 2024

The Artificial Superintelligence Alliance (ASI) has announced a significant token merger involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). This merger is set to begin on July 1, 2024, and will integrate the three tokens into the new ASI token.

Phase 1: July 1, 2024

  • Project Name and Logo Update: The project names and logos will be updated to reflect the new ASI branding.

  • Deposits and Withdrawals: AGIX and OCEAN deposits will close, while FET deposits, withdrawals, and trading will continue as usual.

  • Migration Platform: A migration platform for AGIX and OCEAN to FET will open on the SingularityDAO dApp.

  • Delisting from Exchanges: AGIX and OCEAN will begin delisting from exchanges, and trading will continue under the FET ticker.

Phase 2: Mid-July 2024

  • Network Upgrades: Fetch.ai’s network will upgrade to the ASI network.

  • ASI Deployment: The ASI token will be deployed across chains.

  • Conversion Open: The conversion for self-custodied assets will be open.

  • New Migration Contracts: Contracts will be introduced for conversion from FET, AGIX, and OCEAN to ASI.

  • Exchange Migration: Exchange integrations and migrations will start from FET to ASI.

Key Dates and Conversion Rates

  • July 1, 2024: Start of AGIX and OCEAN conversions and rollout of ASI branding.

  • Conversion Rates:

    • 1 AGIX = 0.433350 ASI

    • 1 OCEAN = 0.433226 ASI

    • 1 FET = 1 ASI

Detailed Steps:

  1. Phase 1: Focuses on onboarding exchanges and data aggregators to ensure a smooth transition during the rebranding.

  2. Phase 2: Emphasizes community onboarding and ASI deployment, prioritizing self-custody holders, and deploying ASI tokens across multiple chains.

Support and Guidance

  • Migration Contracts: New migration contracts will be deployed for AGIX and OCEAN tokens not yet converted to FET, as well as for EVM-based FET.

  • Mainnet Upgrade: All FET Mainnet Tokens will automatically convert to ASI during Fetch.ai’s mainnet upgrade.

  • Open Migration Period: Migration contracts will be open for years, providing ample time for users to manually convert their tokens into ASI. Detailed guides and tutorials will be provided to support a smooth transition.

#fet #agix #ocean #ai #asi