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FET , AGIX , OCEAN prices fall as ASI Governance votes on first of three recommendations.
FET, AGIX, and OCEAN ecosystems are considering merging under AI.
The first of three proposals, FET vote, covers ASI's move to the network and a 1:1 conversion.
As markets tumble, Fetch.ai, SingularityNET, and Ocean Protocol fall 6%, 8%, and 7%.
Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are considering a major merger to create one ASI token. Individual communities have voted on the proposed accord, starting with the FET environment.
FET community vote on ASI merger begins.
The first ASI alliance governance proposal began on April 2 when the Fetch.ai ecosystem voted for the merger. “This proposal covers the transition of the network as the home of ASI, and FET as a 1:1 conversion,” the network said on its official X account, urging community members to vote.
Renaming the network and FET token ASI
FET token contract hard fork on ETH and BSC networks
Change in token supply to enable additional projects to join the Artificial Superintelligence Alliance.
ONLY FET token holders may vote on the governance proposal, and the other communities will vote for them on this merger. Different governance suggestions and tokenomics updates will be provided for each project.
Your vote's effectiveness depends on how much FET you stake, regardless of validator. Exchange stakeholders must verify their voting capacity.
Some community members have called for 1.5 billion tokens, citing FET announcement involvement.
Key ASI proposal vote takeaways
Voting on the first of three ideas started on April 2 at 13:00 UTC and will last five days.
Two further governance suggestions will be presented when the FET vote accepts the AGIX and OCEAN ecosystems into the token.
All communities should finish voting by Tuesday
FET, AGIX, OCEAN prices going together
FET, AGIX, and OCEAN seem to be traveling in the same direction due to arbitrage until the merging. The prices of Fetch.ai, SingularityNET, and the Ocean Protocol are down 6%, 8%, and 7%.
