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๐๐ค Breaking News: FET, AGIX, and OCEAN Consider Merger Amid ASI Governance Votes! ๐๐ฅ
In a groundbreaking move, the ecosystems of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are contemplating a merger under the banner of Artificial Superintelligence (ASI). ๐ค๐ก
Key Updates:
- The first of three proposals is underway, with the FET community voting on transitioning the network to ASI and implementing a 1:1 conversion for FET tokens. ๐ณ๏ธ๐ผ
- As the markets react to the news, FET, AGIX, and OCEAN prices have experienced a collective downturn of 6%, 8%, and 7% respectively. ๐๐
- The proposed merger aims to rename the network and FET token to ASI, undergo a token contract hard fork on Ethereum and Binance Smart Chain (BSC) networks, and adjust the token supply to accommodate additional projects joining the Artificial Superintelligence Alliance. ๐๐ผ
- Only FET token holders have voting rights on the governance proposal, with other communities voting on their behalf. ๐ณ๏ธ๐ค
- The effectiveness of each vote depends on the amount of FET staked, regardless of validator, and exchange stakeholders must verify their voting capacity. ๐๐
Key Takeaways:
- Voting on the first proposal began on April 2 and will continue for five days, with subsequent governance suggestions presented after FET's vote accepts AGIX and OCEAN ecosystems into the token. ๐๐
- All communities are expected to conclude voting by Tuesday, marking a significant milestone in the potential merger process. โณ๐ค
As the journey towards a unified ASI token unfolds, FET, AGIX, and OCEAN prices are expected to fluctuate in tandem, reflecting the evolving landscape of this ambitious merger. ๐๐ผ Stay tuned for further developments as the crypto world braces for this transformative collaboration! ๐๐ซย #ASIAlliance ย #CryptoMergerMadness ย ๐๐ฅ
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