News from October 15, 2024: SingularityDAO, CogitoFinance, and SelfKey announced a strategic token merger. Following the merger, SingularityFinance will be launched, a project aimed at tokenizing real-world assets (RWA) for the artificial intelligence economy. Here are some key details about this merger:

1. New Token: The existing three tokens—SDAO (the token of SingularityDAO), CGV (the token of CogitoFinance), and KEY (the token of SelfKey) will be converted into a unified token SFI.

2. Conversion Rate:

• SDAO will migrate to SFI at a ratio of 1:80.353 (1 SDAO = 80.353 SFI);

• CGV will migrate to SFI at a ratio of 1:10.890 (1 CGV = 10.890 SFI);

• KEY will migrate to SFI at a ratio of 1:1 (1 KEY = 1 SFI).

3. Pricing Basis: Pricing is based on the 200-day moving average of each token during the period ending August 20, 2024.

4. Leadership Committee: After the merger is completed, Singularity Finance will establish a leadership committee to oversee and guide the operation of the newly merged financial ecosystem. This committee will be led by Dr. Ben Goertzel, CEO of SingularityNet and the Artificial Superintelligence Alliance; Clo Rishen, CEO of CogitoFinance; and Mario Casiraghi, CFO of SingularityNet and co-founder of SingularityDAO.

5. Governance Voting: After the announcement of the merger, the community will have the opportunity to participate in governance voting held from October 21 to 31.

Through this merger, the three companies aim to combine their complementary technologies to power a platform optimized for the tokenization of artificial intelligence, thereby accelerating the development of Web3. #key要准备起飞喽 #KEY