#FET/ #AGIX/#OCEANThree major tokens merge#ASIcontent interpretation, this content does not involve trading advice!
Recommended reading: ★★★
1. Time, the merger time starts on July 1, 2024, and is divided into two stages. The first stage will merge AGIX OCEAN into FET, and the second stage will convert FET into ASI.
2. Progress completed on July 1,
Change the project and name,
Close AGIX OCEAN deposits and withdrawals to prepare for migration.
FET deposits, withdrawals and transactions are running normally.
AGIX OCEAN on dApp is started to migrate to FET platform.
AGIX OCEAN is announced to be delisted, and the delisting time is currently confirmed to be July 31.
FET spot and perpetual codes continue to run.
3. The second phase focuses on the on-chain assets of community members, especially those who choose self-custody, and upgrades the FET network to ASI contracts.
4. Centralized exchange holders hold their coins patiently, and they will be converted to FET from July 1st onwards, and then wait patiently until the middle of this month to be automatically converted to ASI. At the same time, the project has been working hard to connect with more exchanges to facilitate more centralized exchanges to smoothly convert.
5. Conversion ratio, 1AGIX is exchanged for 0.433350 FET, 1OCEAN is exchanged for 0.433226 FET
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Overall, the holders of centralized exchanges basically don’t have to worry about anything, and they can just “let the sheep” wait for the token conversion process to be completed. Of course, except for the top few exchanges, I am not sure how much the exchange’s self-conversion covers, so if you are not assured, you can consult the customer service of each exchange to complete the confirmation work.
At the same time, I saw at the end of the official article that the entire merger and forwarding process is not very urgent, and the project party should not be so rigid in the time stage. Holders whose funds are not in centralized exchanges can contact official X if they do not understand the process, so that they can get the correct answer. Don’t click on stranger links randomly, and pay attention to self-protection of assets on the chain.
PS: The big picture is translated from the pinned article of official X. If you are interested, you can check it yourself, or go to official X.
