The ASI token merger involving SingularityNET, Fetch.ai, and Ocean Protocol is a major happening in the AI crypto space. But with big changes come big questions!Feeling lost in the technical jargon? Unsure what to do with your AGIX or OCEAN tokens? This FAQ guide is here to rescue you!  We'll tackle all the burning questions directly, sourced from the official Fetch.ai website, so you have the most accurate information at your fingertips.Remember, we already explored the ASI Token Merger in previous blogs, detailing the two-phase process kicking off on July 1st, 2024.  (Check out that post for a deeper dive!)  But now, let's cut through the confusion and get you up to speed on what matters most – your crypto assets!So, grab a coffee, get comfy, and let’s answer your questions together!FAQs about the ASI Token MergerWhat do I need to do specifically to transition my Ocean or AGIX or FET to ASI?For Ocean (OCEAN) token holders:If you hold OCEAN tokens on an exchange like Binance, you don't need to do anything. Your funds will be automatically (and temporarily) converted to FET on July 1, 2024.For AGIX token holders:Similar to OCEAN holders, if you have AGIX tokens on an exchange, they will also be automatically (and temporarily) converted to FET on July 1, 2024. No action is required on your part.For FET token holders:If you hold FET tokens on an exchange, you don't need to take any action. During the first phase of the token merger, OCEAN and AGIX will be temporarily merged into FET. In the second phase, FET will be rebranded to ASI across all major platforms, and the network will be upgraded.For self-custody users:If you hold OCEAN or AGIX as ERC-20 tokens on the Ethereum mainnet, you'll be able to convert them to ASI through the SingularityDAO conversion portal. This conversion portal will remain open for years, so you can take your time and migrate your tokens at your convenience.For those of you who self-custody your FET tokens on the Fetch.ai mainnet, your funds will be automatically converted to ASI once the network upgrade is complete.What is the timeline for the merger?Phase I: Smooth Transition for Exchange PartnersJuly 1, 2024: Project rebranding takes place, and token deposits and withdrawals for AGIX and OCEAN will be halted. FET trading will continue during this phase.July 1, 2024: AGIX and OCEAN tokens will be delisted from exchanges, and conversion contracts for AGIX and OCEAN to FET will become available.Phase II: Self-Custodied Funds and Network UpgradesMid-July 2024: The ASI token will be deployed across various blockchain networks, and the Fetch.ai network will undergo an upgrade. New migration contracts will be introduced, and bridges to the EVM and other networks will be opened.It's important to note that during the network upgrade in Phase II, there may be potential downtime and temporary disruptions on exchanges. Users should be prepared for the possibility of some service interruptions during this time.How will my current tokens be affected?During the initial phase of the merger, AGIX and OCEAN tokens will be consolidated into the FET token. This means that if you currently hold AGIX or OCEAN tokens, they will be temporarily converted to FET tokens.Will my existing tokens be automatically converted to the new token?The good news is that if you hold your tokens on a centralized exchange, this conversion process will be handled automatically. Exchanges that have expressed support for the merger will automatically convert your AGIX or OCEAN tokens to FET, and later to the new ASI token.Again for token holders who self-custody their AGIX or OCEAN tokens, conversion tools will be made available through the SingularityDAO platform. These conversion portals will remain open for an extended period, so you can take your time and migrate your tokens at your own convenience.How will the value of my holdings be affected during the token merger process?During the token merger, you may see some market fluctuations in the value of your holdings. This is a common occurrence. You are advised to take caution and closely monitor the market conditions to make informed decisions about your investments.What wallets will support the new shared token?The good news is that the ASI token will be supported by a wide range of credible wallet providers, both software-based and hardware-based. Some of the major wallets that will support the ASI token include:Software Wallets: MetaMask, Trust Wallet, and other popular Ethereum-compatible walletsHardware Wallets: Ledger, Trezor, and other leading hardware wallet solutionsThe ASI team is diligently working to ensure that as many trusted and reputable wallet providers as possible are onboarded and ready to support the new ASI token. Which software wallets (e.g., MetaMask, Trust Wallet) will be compatible with the new token?All Ethereum-compatible software wallets, such as MetaMask and Trust Wallet, will be able to store the ERC20 tokens that are involved in the merger process, including OCEAN, AGIX, and FET. Which hardware wallets (e.g., Ledger, Trezor) will be supported?When it comes to hardware wallets, the ASI team is committed to ensuring that nearly all hardware wallets that the community wants to use are actively supported. This includes popular options like Ledger and Trezor.Will my current wallet support the new token, or will I need to migrate to a different wallet?The good news is that your current wallets supporting FET, AGIX, and OCEAN tokens will also be able to support the new ASI token. However, you may need to add ASI as a custom token within your wallet interface to ensure it's properly displayed.How can I convert my existing tokens to the new shared token?To convert your existing FET, AGIX, or OCEAN tokens to the new ASI token, you will need to connect your wallet to the official conversion portal on the SingularityDAO dApp.The conversion process will involve two steps:Approve the contract: This step allows the conversion portal to access your existing tokens and prepare them for the migration.Approve the migration: Once the contract is approved, you can proceed with the actual migration of your tokens to the new ASI token.The ASI team will provide clear and detailed instructions on the conversion process, ensuring that users can seamlessly transition their holdings to the new token.Will there be any fees associated with the conversion?For the token conversion, you can expect to pay the standard transaction fees required by the underlying blockchain network. These are the typical gas fees associated with any Ethereum or Binance Smart Chain (BSC) transaction.However, there will be no additional conversion charges or fees imposed by the ASI team or the SingularityDAO platform. The conversion process is designed to be as cost-effective as possible for token holders.Is there a deadline for converting my existing tokens to the new shared token?The conversion window for transitioning your existing tokens to the new ASI token will remain open for an extended period, likely for several years.What block explorers will support the new mainnet?The new ASI token will be supported by popular block explorers, including:Etherscan (for Ethereum-based transactions)BscScan (for Binance Smart Chain-based transactions)Mintscan (for Cosmos-based transactions)These well-established block explorers will allow you to easily track and monitor the activity and status of your ASI token holdings, providing transparency and visibility throughout the conversion and beyond.What will happen to my staked tokens or tokens committed to long-term programs?If you currently have FET tokens staked across the Fetch.ai mainnet, the good news is that your staked tokens will be automatically migrated to the new ASI token. Your staking rewards will also continue uninterrupted, ensuring a seamless transition for stakers.Will there be any impact on my staking rewards or benefits?For tokens that are committed to long-term programs, such as those within the Ocean Ecosystem, the conversion process will be slightly different. The conversion portal will remain open for years allowing you to convert these tokens at a later stage, as and when it suits your needs.What specific actions do I need to take if my tokens are in a liquidity pool or other DeFi protocols?If your tokens are currently held in a liquidity pool or other DeFi protocols, you will need to manually withdraw and re-allocate those funds to updated pools that support the new ASI token. This is a necessary step to ensure your DeFi integrations are properly updated and compatible with the new token.Is there a specific website or forum dedicated to merger information?The definitive source of information regarding the Artificial Intelligence Alliance and the ASI token merger is the superintelligence.io website. This is the main hub where you can find the most accurate and authoritative details about the merger, including all relevant announcements, timelines, and instructions.How frequently will updates be provided?The ASI team is dedicated to providing timely updates to the community as the merger process unfolds. You can expect to receive frequent communications, informing you of the latest developments, milestones, and any actions you may need to take.Will there be AMA (Ask Me Anything) sessions or community calls for real-time information?The ASI team plans to host regular AMA (Ask Me Anything) sessions and community calls. These interactive events will allow you to engage directly with the team, gain a deeper understanding of the merger, and have your questions answered in a timely manner.What are the benefits of the merger for token holders and community members?The primary benefits of the ASI token merger for token holders and the broader community include:Strengthening the overall ecosystemEnhancing the resilience and competitiveness of the projectIntroducing new features and use cases for the tokenHow will the merger improve the ecosystem and the value proposition of the new shared token?The primary goal of the merger is to create a unified and powerful ASI ecosystem. This unified approach is expected to drive greater long-term value for the ASI token and the broader community.What potential synergies and efficiencies will the merger bring?The merger is designed to bring about several key synergies and efficiencies, including:Improved ecosystem strength and resilience, allowing the ASI platform to better compete against major tech playersA continuous push towards innovation and commercialization, fueling the growth and development of the projectStreamlined operations and resource allocation, leading to greater operational efficiencyWhat are the risks and challenges associated with the merger?While the merger is expected to bring significant benefits, there are also some potential risks and challenges to be aware of, such:Temporary market volatility as the transition occursPotential for network downtime or service disruptions during the merger processWhat potential issues should I be aware of during the merger process?During the merger process, token holders should be mindful of possible market fluctuations and temporary service disruptions. The ASI team is working diligently to minimize any disruptions and ensure a smooth transition, but some temporary issues may arise.That's a Wrap on the ASI Token Merger FAQ!
Phew! We tackled a heap of info about the ASI token merger. By now, you should be a total pro on what's happening with your AGIX and OCEAN tokens, and why this whole ASI thing is a big deal for AI crypto.Remember, staying in the loop is key in the wild world of crypto.
#ASI $FET

Here are the details-#ASI
The ASI token merger will consolidate AGIX, OCEAN, and FET tokens into a unified ASI token starting on July 1, 2024.
Fetch.ai warns the community to be cautious of scams and only trust official sources during the ASI token migration.
Holders on centralized exchanges like Binance need not take action; their tokens will automatically convert to FET.
Fetch.ai, a participant in the upcoming Artificial Superintelligence Alliance (ASI) token merger, has issued a scam warning to users as the July 1st launch date approaches.
The merger aims to consolidate three existing tokens—SingularityNET’s AGIX, Ocean Protocol’s OCEAN, and Fetch.ai’s own FET—into a single new token called ASI.
⚠️Scam warning: Be cautious of impersonation scams, fake links and fake social media accounts. Verify information from official sources for a secure transition. For more important details explore the complete token migration guide: https://t.co/ORyi4ywi9p
— Fetch.ai (@Fetch_ai) June 26, 2024
The first phase of the ASI migration focuses on merging the three tokens on the Ethereum blockchain. Holders on other chains must bridge their tokens from their respective chains to participate in phase 1. Those who prefer to wait for support from different chains, such as Cardano or Polygon, can opt for phase 2.
The rebranding will see the project renamed the Artificial Superintelligence Alliance across major platforms. Besides, AGIX and OCEAN will temporarily merge into FET under the ASI banner. FET trading will continue uninterrupted under the FET ticker.
https://t.co/GdSj7PdN0D
— Artificial Superintelligence Alliance (@ASI_Alliance) June 24, 2024
On July 1, 2024, project names and logos will be updated, and deposits and withdrawals for AGIX and OCEAN will close. However, FET deposits, withdrawals, and trading will continue as usual. The migration platform for AGIX and OCEAN to FET will open on the SingularityDAO dApp. Moreover, AGIX and OCEAN will begin to be delisted from exchanges.
Moreover, token holders with funds on centralized exchanges like Binance need not take action. Their OCEAN and AGIX tokens will automatically convert to FET at the appropriate ratio on July 1st. This will be followed by a smooth transition to ASI in mid-July. Individuals holding their funds in self-custody across the Ethereum mainnet will receive detailed guides and tutorials to facilitate a hassle-free transition.
Phase II will focus on community member onboarding, particularly for those who have opted to self-custody their funds. Additionally, the ASI token will be deployed across chains. Fetch.ai’s network will upgrade to the ASI network.
Furthermore, new migration contracts will be introduced for conversion from FET, AGIX, and OCEAN to ASI. Ethereum Virtual Machine and other bridges will open to facilitate ASI token transfers. Furthermore, exchanges will begin migrating spot markets from FET to ASI.
Fetch.ai emphasizes that individuals will not be required to disclose private information, including seed phrases, at any point. The community is warned to be aware of potential scams during this transition period. Malicious actors may attempt impersonation, spoofing, and social engineering tactics. It is crucial to trust only official sources of information.
The post ASI Token Merger: What You Need to Know Before July 1st appeared first on Coin Edition.
$FET

Important Update: ASI Token Merger for Fetch.ai, Ocean Protocol, and SingularityNET
Token Merger Begins July 1, 2024
The Artificial Superintelligence Alliance (ASI) has announced a significant token merger involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). This merger is set to begin on July 1, 2024, and will integrate the three tokens into the new ASI token.
Phase 1: July 1, 2024
Project Name and Logo Update: The project names and logos will be updated to reflect the new ASI branding.
Deposits and Withdrawals: AGIX and OCEAN deposits will close, while FET deposits, withdrawals, and trading will continue as usual.
Migration Platform: A migration platform for AGIX and OCEAN to FET will open on the SingularityDAO dApp.
Delisting from Exchanges: AGIX and OCEAN will begin delisting from exchanges, and trading will continue under the FET ticker.
Phase 2: Mid-July 2024
Network Upgrades: Fetch.ai’s network will upgrade to the ASI network.
ASI Deployment: The ASI token will be deployed across chains.
Conversion Open: The conversion for self-custodied assets will be open.
New Migration Contracts: Contracts will be introduced for conversion from FET, AGIX, and OCEAN to ASI.
Exchange Migration: Exchange integrations and migrations will start from FET to ASI.
Key Dates and Conversion Rates
July 1, 2024: Start of AGIX and OCEAN conversions and rollout of ASI branding.
Conversion Rates:
1 AGIX = 0.433350 ASI
1 OCEAN = 0.433226 ASI
1 FET = 1 ASI
Detailed Steps:
Phase 1: Focuses on onboarding exchanges and data aggregators to ensure a smooth transition during the rebranding.
Phase 2: Emphasizes community onboarding and ASI deployment, prioritizing self-custody holders, and deploying ASI tokens across multiple chains.
Support and Guidance
Migration Contracts: New migration contracts will be deployed for AGIX and OCEAN tokens not yet converted to FET, as well as for EVM-based FET.
Mainnet Upgrade: All FET Mainnet Tokens will automatically convert to ASI during Fetch.ai’s mainnet upgrade.
Open Migration Period: Migration contracts will be open for years, providing ample time for users to manually convert their tokens into ASI. Detailed guides and tutorials will be provided to support a smooth transition.
#fet #agix #ocean #ai #asi #ASI #ASILAUNCH $FET

A Beginner’s Guide to Copy Trading:#IntroToCopytrading
Copy trading in cryptocurrency markets means automatically tracking and copying the strategies of experienced and successful traders. It would be useful to make a few important points about whether this method is profitable and how new traders can use it effectively in 2024.
### Is Copy Trading Profitable?
1. Tracking of Experienced Traders: Copy trading allows successful traders to earn potential profit by following their strategies. However, the past performances of these traders do not guarantee their future performance.
2. Risk Management: Copy trading involves a certain level of risk. It is important to note that you will also copy the losses of traders. Therefore, it is important to understand the risk management strategies of the traders you copy.
3. Diversification: By copying the strategies of different traders, you can diversify your portfolio and distribute the risk. This can prevent a single trader's poor performance from negatively affecting your entire portfolio.
### Tips for Copy Trading for 2024
1. Review Trader Profiles: Carefully review the past performances, trading strategies, and risk profiles of the traders you want to copy. Focus on long-term consistency, not short-term success.
2. Start Small: Start with small amounts at first and observe how strategies work. As you gain experience, you can increase your investment.
3. Diversification: Diversify your portfolio by copying multiple traders. Different strategies and asset classes can reduce your total risk.
4. Assess Performance Regularly: Regularly evaluate the performance of traders you copy. Remove traders who do not meet your expectations from your portfolio and add better performance ones.
5. Education and Research: It is important to have basic knowledge of crypto markets and to follow market trends. Even when trading copies, train and research to learn about the market and make the right decisions.
### Real-World Examples
- eToro: eToro is one of the leading platforms in the field of copy trading. The platform allows users to invest by copying the portfolios of successful traders. For example, you can shape your own investment decisions by examining the past performances and investment strategies of successful traders participating in the “Popular Investors” program in eToro.
- Binance Copy Trading: Binance also offers its users the opportunity to trade copies. The platform allows users to make potential profits by copying experienced traders. Binance's educational materials and analytics tools can also help new users succeed in copy trading.
### Practical Guidance
1. Platform Selection: Opt for trusted platforms like eToro, Binance. These platforms are ideal for new users with their user-friendly interfaces and training materials.
2. Demo Account Usage: Many copy trading platforms offer demo account possibilities. Gain experience by testing strategies in demo accounts before investing real money.
3. Risk Management: Use stop-loss orders to minimize losses in copy trading. This allows you to automatically stop the transaction when you lose a certain level.
Copy trading can be profitable in cryptocurrency markets when approached correctly. However, it is important to note that, as with any investment method, it involves risk and requires a careful strategy.
ADDITIONAL THINGS TO CONSIDER
1. Understand Traders' Trading Strategies: Try to understand what strategies the traders you copy are using. When choosing between different strategies such as short-term trading, long-term investment or arbitrage, determine those that match your risk tolerance and investment goals.
2. Avoid Emotional Decisions: It's important to keep your emotions in check when trading copies. Avoid panicking or making hasty decisions during market fluctuations. Adopting a long-term perspective can be beneficial.
3. Learn Technical and Fundamental Analysis: Knowledge of fundamental and technical analysis can help you better evaluate traders' strategies when trading copies. You can make more informed decisions by following graphs, indicators and news feed.
4. Join Community and Forums: Copy-traded platforms have community forums and social groups. By joining these groups, you can share information with other traders and get feedback on successful traders.
5. Automation and Bot Usage: Some platforms offer automated trading bots. These bots perform transactions automatically according to certain criteria. Using automated trading bots, you can minimize human errors and implement a more disciplined trading strategy.
6. Regulation and Security: Check if the platform for which you are trading copies complies with regulations. Protect your account using security measures (such as 2FA) and opt for reliable platforms only.
Real-World Examples and Tips
• Trader Analysis: For example, when reviewing a trader's profile in eToro, check metrics such as 'Risk Score', 'Monthly Performance' and 'Total Number of Traders'. These metrics help you understand how risky the trader is and how consistent his performance is.
• Portfolio Management: Diversify your portfolio by copying several different traders on Binance. For example, you can copy one trader's BTC/ETH trade and another's altcoin trade. This diversification helps you build a portfolio that is more resistant to market fluctuations.
Practical Guidance
1. Do Your Own Research: Keep track of market trends and news by doing your own research, even if you trade copies. This can help you adjust your strategies based on the overall market situation.
2. Think Long Term: Instead of focusing on short-term earnings, adopt a long-term investment strategy. This helps you be more patient and determined in copy trading.
3. Keep Learning: Crypto markets are changing rapidly and new strategies, tools, and technologies are emerging. By constantly keeping yourself up to date and continuing to learn, you can be more successful in copy trading.
Copy trading can be profitable with the right strategies and a careful approach. However, as always, care must be taken to minimize risks and make informed decisions.
Again as I always say, DYOR!

Fetch.ai, Ocean Protocol, and SingularityNET finalize the Artificial Superintelligence Alliance (ASI) merger.
The merger creates a decentralized alternative to Big Tech-dominated AI projects.
FET, currently at $1.59, could rally toward the $1.92 – $2.46 zone after bouncing from key support.
According to the post below, Fetch.ai’s (FET) current performance signals a huge potential for significant growth. The recent 28% surge positions FET as a top gainer in the crypto market, and the buzz surrounding it is palpable.
$FET is looking to get back to the $1.95 – $2.55 range.After surging 600% in 6 weeks, it took quite a hit during the correction. The good news is, this was undiscovered territory (no strong support levels yet) and has now established some new levels.It bounced nicely off… pic.twitter.com/HoX7ZhtCd4
— Quinten | 048.eth (@QuintenFrancois) June 21, 2024
The Merger Buzz
Analysts suggest that this sudden surge lies in the upcoming merger. FET is set to join forces with other AI tokens to form the Artificial Superintelligence Alliance (ASI).
The ASI merger combines FET with Ocean Protocol (OCEAN) and SingularityNET (AGIX), creating a powerful coalition in the AI crypto sphere. Also, recent advancements in AI technology by industry giants like Elon Musk’s xAI and Nvidia have had a positive ripple effect on AI-driven cryptocurrencies. Fetch.ai, being at the forefront of this trend, has reaped the benefits.
The Technical Picture
FET’s price currently hovers around $1.95, just below the critical support level of $1.96. This support has been tested multiple times and remains unbroken. Historically, significant gains have followed a bounce back from this level. If FET successfully breaches the $2.26 barrier, we could see a rally towards $2.46—a potential 25% increase.
While market sentiment is bullish, technical indicators paint a different picture. FET’s Relative Strength Index (RSI) on the 4-hour chart has reached 75, indicating overbought conditions. This suggests that investors might start taking profits, potentially leading to a price correction.
Additionally, some traders on major exchanges like Binance remain skeptical about FET’s long-term potential. Additionally, a recent warning about the delisting of the FET/USDT trading pair on Binance caused temporary volatility.
Read Also
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Fetch.ai Price Prediction: Will FET Hit $100 by 2030?
Viacom International Is Bringing TMNT to Web3
SingularityNET (AGIX) And Fetch.ai (FET) Seek Room For Higher Gains, But Investors Target Higher Profit Margin On Algotech (ALGT) Presale
What Does the Monumental ASI Merge Mean for OCEAN, FET, and AGIX?
The post FET AI Crypto Altcoin Surges Ahead Of Merger: Can Fetch.ai Rally to the $1.95 – $2.55 Range? appeared first on Crypto News Land.