On June 11, certain AI-related tokens such as Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) will undergo significant changes as they merge into the Superintelligence Alliance. This effort aims to optimize and integrate AI platforms to create a more efficient and interconnected ecosystem.
Details about this event:
1. Token price drop: The recent sharp decline in the prices of FET, AGIX, and OCEAN tokens is likely due to market sentiment in response to the news of the merger and the delisting of these tokens by some exchanges.
2. Replacement with a new token: The current tokens will be replaced with a new token called Asi (ASI). This token represents the Superintelligence Alliance and will be used across all related platforms after the merger is complete.
3. Delist and transition: Some exchanges have already or will soon delist FET, AGIX, and OCEAN tokens. Users should pay attention to this to convert their tokens to ASI. Delisting and transition might affect the short-term trading availability of these tokens.
4. Token exchange process: Users will need to follow instructions from platforms or exchanges where they hold these tokens to convert FET, AGIX, and OCEAN to ASI. This usually involves locking the old tokens and receiving new ones in return.
Important considerations:
- Stay updated: Make sure to get updates from exchanges and projects for exact timelines and conversion processes.
- Avoid scams: Be cautious of potential scams or misinformation during the transition. Follow only official guidelines.
- Manage risks: Consider withdrawing tokens to personal wallets if concerned about the risks of tokens being delisted from exchanges.
This merger is expected to bring synchronization and feature enhancements to the participating AI projects, but users need to stay informed and updated to safeguard their assets during the transition.