$FET $AGIX and $OCEAN Merger: How Will These Three Tokens Be Affected?
The world's first decentralized AI network SingularityNET, the Web3 platform for the AI economy Fetchai, and the decentralized market Ocean Protocol for data protection announced the formation of the Super AI Alliance the day before yesterday.
Through this token merger with a FDV of $7.6 billion, the Super AI Alliance aims to build the largest open source, decentralized network and work together to accelerate the general artificial intelligence race.
Dr. Ben Goertzel, founder of SingularityNET, known as the "Father of AGI", Humayun Sheikh, founding investor of DeepMind and founder of FetchAI, and many chip designers, AI software architects who apply Moore's Law, and Ocean Protocol founder Trent McConaghy co-founded the Super AI Alliance.
As part of the formation of the alliance, the tokens of the three member networks FET, OCEAN and AGIX will be merged into the $ASI token.
“In a world where AI innovation is growing exponentially, large tech companies dominate headlines and discussions,” said Fetchai CEO and founder Humayun Sheikh. “We are taking a different path. With this token merger, our mission is to bring together platforms that facilitate direct interaction between developers and users, promoting ethical and transparent AI to bypass the centralized authority of traditional gatekeepers. We believe this action will enhance data privacy, open the way for a more democratic and reliable AI ecosystem, and encourage global participants to contribute.”
Ocean Protocol CEO and founding partner Bruce Pon believes that this merger will achieve a vertically integrated decentralized technology stack with global competitiveness.
If the majority of the relevant communities agree to this proposal, this will happen:
- $FET total token supply of 2,630.55 million will be re-tokenized as $ASI
- $AGIX tokens will convert to $ASI at a ratio of 0.433350:1
- $OCEAN tokens will convert to $ASI at a ratio of 0.433226:1
If the FDV of all three tokens is fully transferred to $ASI by March 26, 2024, a total of $7.6 billion in combined FDV will be achieved.
