Announcement on Supporting the Merger of Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) Tokens
Dear User:
Binance will support Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) plans to merge into Artificial Superintelligence (ASI).
General
Deposit and Withdrawal
Binance will suspend the deposit and withdrawal services of Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens at 11:30 (ET) on July 1, 2024. Note: FET, OCEAN and AGIX tokens deposited after this time will not be credited to your account, please deposit in advance;
Binance will announce the deposit and withdrawal opening time of Artificial Superintelligence (ASI) tokens after the merger is completed.
After the merger plan is completed, Binance will no longer support the deposit and withdrawal services of FET, OCEAN and AGIX tokens.
Binance will assist users who hold FET, OCEAN, and AGIX tokens in their Binance accounts with any technical issues involved;
Users can refer to the project announcement for more information.
Token Merger Details
Binance will adopt ASI as the ticker for FET, OCEAN, and AGIX tokens;
All FET, OCEAN and AGIX tokens will be exchanged for ASI tokens in the following ratio:
1 FET = 1 ASI；
1 OCEAN = 0.433226 breast milk；
1 AGIX = 0.433350 ASI。
Spot goods
Binance will stop trading and delist all existing FET, OCEAN, and AGIX spot trading pairs at 11:00 a.m. ET on July 1, 2024.
The trading pairs that will be removed are: AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, FET/BNB, FET/BTC, FET/BRL, FET/FDUSD, FET/TRY, FET/USDC, FET/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, OCEAN/USDT;
After each trading pair stops trading, all pending orders will be automatically cancelled;
Binance will terminate the trading robot service for the above spot trading pairs at 11:00 (ET) on July 1, 2024, where applicable. Users are strongly recommended to update and/or cancel the trading robot before the above trading robot service is terminated to avoid any potential losses;
Binance will open spot trading for ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT at 16:00 (ET) on July 5, 2024.
contract
Binance Futures will automatically liquidate OCEANUSDT, FETUSDT and AGIXUSDT U-margined perpetual contracts at 17:00 (UTC) on June 25, 2024, and will delist OCEANUSDT, FETUSDT and AGIXUSDT U-margined perpetual contracts after the liquidation. Users will not be able to add new positions in OCEANUSDT, FETUSDT and AGIXUSDT U-margined perpetual contracts from 16:30 (UTC) on June 25, 2024. In order to protect user rights and reduce potential risks in extreme market conditions, Binance Futures may take additional protective measures for OCEANUSDT, FETUSDT and AGIXUSDT U-margined perpetual contracts without further announcement. Potential protective measures include but are not limited to adjusting leverage and margin (including the maximum leverage multiple, position limit, and maintenance margin rate for each tier), adjusting funding rates (including base rate, premium index, and rate cap), changing price index components, or using the "Latest Price Protection Mechanism" to update the mark price. The time of re-launch will be notified separately;
Starting from 17:00 (ET) on June 25, 2024, the Binance Funding Rate Arbitrage Robot will close all arbitrage strategies for FETUSDT, OCEANUSDT, and AGIXUSDT trading pairs and perform automatic settlement.
lever
Binance Margin will remove AGIX/BTC, AGIX/USDT, FET/BTC, FET/USDT, OCEAN/BTC, and OCEAN/USDT full and isolated margin trading pairs at 14:00 (UTC) on June 26, 2024.
Binance Margin Trading will suspend isolated margin lending for the above-mentioned pairs at 14:00 (ET) on June 21, 2024.
Binance Margin Trading will automatically close and liquidate all full and isolated margin positions of the above-mentioned pairs at 14:00 (ET) on June 26, 2024, and cancel all pending orders of the users on the above-mentioned trading pairs. After that, the above-mentioned trading pairs will be removed from the Margin Trading Platform;
During the delisting process, users will not be able to update their positions. It is strongly recommended that users close their positions and/or transfer assets from their margin wallets to their spot wallets before the above trading pairs are delisted, i.e. before 14:00 (ET) on June 26, 2024. Binance will not be responsible for any potential losses.
It is recommended that users of Binance unified accounts transfer the above tokens from their margin accounts to their spot accounts and replenish their margin balances before 14:00 (ET) on June 26, 2024. Users should closely monitor the maintenance margin ratio (uniMMR) of their unified accounts to avoid any potential liquidation that may result from the above tokens no longer being supported by their margin wallets;
Starting from 14:00 (ET) on June 26, 2024, users who enable the unified account mode will automatically convert the FET, OCEAN, and AGIX balances in their full-margin leverage wallets into USDT. The conversion process will take about 24 hours or longer. Binance will not be responsible for any losses that may occur from new positions established during the asset conversion process. For more information, please refer to this FAQ;
The time of re-launch will be announced separately;
Pledged currency
Binance Collateralized Loans (current and fixed rates) and VIP Loans will remove FET, OCEAN, and AGIX from the available borrowing and collateral currencies at 11:00 (ET) on June 25, 2024, and automatically close and liquidate outstanding orders of the above currencies as borrowing or collateral currencies. Users are strongly recommended to repay the loans before 11:00 (ET) on June 25, 2024 to avoid potential losses.
Please refer to Binance Staking (Surging and Fixed Rates) and Binance VIP Loan FAQs for more information. Please refer to Binance Staking and VIP Loan Terms and Conditions for more details.
Financial Management
Binance Earn will stop providing FET, OCEAN and AGIX current and fixed deposit products from 11:00 on June 28, 2024 (GMT+8), and users will no longer be able to subscribe.
Current products:
Binance Earn will automatically redeem users' current FET, OCEAN and AGIX Earn current product holdings to their spot wallets starting at 11:00 (ET) on June 28, 2024. After the token swap is completed, Binance Earn will assist affected users in subscribing to the corresponding ASI Earn current products based on the token swap ratio;
Users can also choose to redeem FET, OCEAN and AGIX coin-earning products by themselves before 11:00 on June 28, 2024 (GMT+8).
Regular products:
Regarding the current FET coin earning regular product holdings:
Binance Earn will be exchanged for the same ASI Earn fixed-term product holdings at a 1:1 ratio starting from 12:00 (UTC) on July 8, 2024.
If you choose to opt out of regular position conversion:
Users can choose to redeem the FET Earn Coins regular product in advance before 12:00 on July 1, 2024 (Eastern Time Zone 8). Please note: If you redeem your regular position in advance, the redemption principal will be deducted from the issued rewards and will be deposited into the spot wallet within 72 hours after the redemption application or after the FET Earn Coins regular product is removed from the shelves (Eastern Time Zone 8 July 1, 2024 12:00);
Please note: FET Earn Coin Fixed-Term Product positions that are in redemption status before 12:00 (GMT+8) on July 1, 2024 will not be automatically converted to ASI Earn Coin Fixed-Term Products.
Regular position conversion details:
Binance Earn will automatically redeem the user's current FET Earn regular product holdings back to the user's spot wallet at 12:00 (ET) on July 1, 2024, for FET to ASI token conversion. No interest will be deducted;
If the user does not choose to exit the regular position conversion, the converted ASI will be automatically re-subscribed as a new ASI regular coin earning product position based on the user's previous FET regular coin earning product position before 12:00 on July 8, 2024 (Eastern Time Zone 8).
Regarding the newly purchased ASI earning coin regular product holdings:
Interest will be distributed based on the new fixed-term product holdings; the lock-up period will be reset (for example, the original user subscribed to the FET 30-day fixed-term product, which will expire in 7 days; after the conversion, a new ASI 30-day fixed-term product will be created for the user, with an expiration time of 30 days);
If you choose to cancel the ASI Earn Coin regular product subscription after the regular position conversion, the user can choose to redeem the ASI Earn Coin regular product in advance before 12:00 on July 19, 2024 (Eastern Time Zone 8). For this early redemption, interest will not be deducted.
Binance Payment
Binance Payments will remove FET, OCEAN, and AGIX at 11:00 AM (ET) on July 1, 2024.
gift card
Binance will stop supporting FET, OCEAN, and AGIX gift card creation services on June 28, 2024 (ET).
Users can redeem FET, OCEAN and AGIX gift cards before June 28, 2024 (GMT+8), but the FET, OCEAN and AGIX tokens redeemed by users may be automatically replaced with new ASI tokens;
After June 28, 2024 (UTC+8), all unredeemed FET, OCEAN and AGIX gift cards will be automatically exchanged for new ASI tokens.
Binance Flash Exchange
Binance Flash Exchange will delist FET, OCEAN, and AGIX at 11:00 AM (ET) on June 20, 2024.
Binance Fixed Investment
Binance will remove FET, OCEAN, and AGIX at 11:00 AM (ET) on June 18, 2024.
Buy Coins
Binance Buy will remove FET, OCEAN, and AGIX from trading at 11:00 AM (ET) on June 20, 2024.
Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your support!
Binance Team
