ASI Migration Begins

Phase 1 Token Migration Launched

Fetch AI has launched the first phase of its ASI token migration, merging AGIX and OCEAN into FET.

The ASI token merger has officially begun, with the first phase underway.

This development has prompted users to sound the alarm about the ongoing token migration. As part of this transition, exchanges have begun delisting AGIX and OCEAN tokens, which may temporarily affect user balances.

The process involves converting SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens to Fetch AI’s FET. Fetch AI assured FET holders that they do not need to take any emergency actions during this network upgrade as the process is handled automatically.

Migration Details and Swap Operations

Fetch AI has today launched the first phase of its ASI token merger. This phase emphasizes bringing in exchanges and data aggregators to ensure a smooth transition. It is worth noting that Fetch AI has previously stated that there is “no need to rush” as the initial focus is on laying the foundation for the rebranding.

This phase will integrate SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch AI’s FET token.

The migration has progressed, with 1,780,753.42 AGIX converted to 771,689.49 FET and 336,445.31 OCEAN converted to 145,756.86 FET.

Fetch AI has confirmed that holders and stakers on its mainnet will automatically have their assets converted to ASI during this network upgrade, marking a significant milestone in the development of the Fetch AI blockchain ecosystem.

In response to the migration, exchanges have begun delisting AGIX and OCEAN tokens.

Users may notice temporary changes in balances, but Fetch AI is working closely with all support parties to ensure a smooth migration process.

Once complete, user balances will reappear as FET. Despite these changes, FET trading continues uninterrupted on participating exchanges.

The rebranding process has also begun, including updating the project name and logo, and closing AGIX and OCEAN deposits.

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