Today I will give you a spoiler of a piece of news that will be spread all over the Internet tomorrow. Brother Chong has already made arrangements in advance!!! Today is April 15th, Monday!!!
Fetch.ai, SingularityNET and Ocean Protocol announced that they will establish a decentralized artificial intelligence alliance and merge their tokens FET, AGIX and OCEAN into ASI.
Voting is expected to begin on April 2, and all proposals are scheduled to be voted on on April 16. That means the voting will be completed tomorrow! Fetch.aiâs token FET will be converted to ASI at a ratio of 1:1, SingularityNETâs AGIX and Ocean Protocolâs OCEAN will be converted to ASI at a ratio of approximately 1:0.433. FET, as the base token of the alliance, will be directly renamed ASI
You can understand that if the vote passes tomorrow, the AI ââsector will change, and it will bring a wave of wealth!
ASI Token Exchange Mechanism
Starting with $FET as the allianceâs base token, the $FET token will be renamed $ASI and an additional 1.48 billion tokens will be minted, with 867 million $ASI allocated to $AGIX holders and 611 million $ASI allocated to $OCEAN token holders.
The total supply of ASI tokens will be 2.63 billion tokens.
Token holders will receive 0.433226 ASI per OCEAN and 0.43335 ASI per AGIX. This exchange rate is fixed and will not change.
The exchange rate is fixed and will not change, this is very important! ! ! ! ! This gives us a lot of room for arbitrage!
The current price of FET is around 2.26:
Then the corresponding AGIX price should be around 2.26Ă0.43335ïŒ0.979371, which is a reasonable value!
Then the corresponding price of OCEAN should be around 2.26Ă0.433226=0.979090, which is a reasonable value!
But when the FET price is 2.26, AGIX and OCEAN are around 0.87, then there is a considerable difference at this time, which also gives us room for arbitrage! This nearly 12% price difference is a huge fortune! When writing this article, Chongge's skirt has already been covered by AGIX and OCEAN!
When we made internal layout, FET was around 2.26, OCEAN and AGIX were around 0.87! No matter how the market goes in the future, please remember the ratio written in Chongge's article, you can calculate it yourself!
This is a big profit, so after much thought, I decided to write an article and share it with my fans to make some money back. After all, everyone has been hurt a lot by this big drop!
If the market stabilizes, then at this time all the coins will rise together, and when the coins are all rising, then OCEAN and AGIX must rise to a similar proportion of prices to be reasonable!
If it doesnât rise to this level, then the exchange rate for ASI will be greatly increased, so we can dump ASI after it goes online! Letâs talk about the ratio, because the ratio involves the exchange of new coins later, and its price difference can only be expressed through the market. If there is a price difference, then we can wait until it goes online and exchange ASI before selling, because our chips have a price difference of about 12%, which means that when we exchange at 1:0.433, we can get 12% more chips! Itâs like you win at the starting line!
Another possibility is to drive down the price of FET when the three currencies are merged. If the project owner does this, there is no need to hold ASI. There is no point in playing with the pattern at all!
Let me talk about the precautions of the three-in-one currency:
If your FET, OCEAN and AGIX are on the exchange!
You donât need to do anything now. Just wait for the announcement of the merger of the three currencies. The FET token will become the reserve currency of the Super Intelligence Alliance and will be renamed ASI: âArtificial Super Intelligenceâ.
The exchange rates between OCEAN, ASI, and AGIX are fixed, and the swap mechanism will be open indefinitely, so users can choose to exchange tokens at their leisure.
Trade all your FET tokens and they will be automatically re-tokenized into ASI tokens. No action is required.
The exchange has OCEAN and AGIX tokens, and you don't need to do anything. Your holdings will be automatically converted to ASI tokens directly by the exchange. If you don't see OCEAN or AGIX on the exchange - don't panic! Your tokens are there, just look for ASI.
Do not deposit OCEAN AGIX tokens into an exchange after performing the conversion. Also, if your coins are in your wallet, withdraw them to the exchange as soon as possible and wait for the later exchange!
The integration of three currencies will be a hot topic in the cryptocurrency circle in the next week, starting from tomorrow! You will see many groups talking about ASI and AI, there will be news announcements on finance, and there will be many bloggers analyzing ASI on Weibo and X! ! This is normal, please stay calm!
