$FET Announcement Came for FET, AGIX and OCEAN – Here is the Merger Date
SingularityNET announced plans to merge the Artificial Superintelligence Alliance (ASI) token with the existing AGIX token. This process will begin on June 11 and will be initiated by renaming the Fetch.ai (FET) token to ASI.
The merger is expected to be completed by June 13. This step is seen as a significant development in efforts to unite the fetch.ai, AGIX, and Ocean Protocol (OCEAN) communities under a decentralized artificial intelligence network.
How Will the ASI Merger Happen?
The merger process will begin on June 11 with the conversion of FET tokens to ASI at a 1:1 ratio, followed by the conversion of AGIX and OCEAN tokens to ASI at ratios of 1:0.433350 and 1:0.433226, respectively, on June 13.
This transition will take place on SingularityNET’s decentralized AI platform. Users will be able to securely swap their tokens using an audited token migration contract provided by SingularityNET. The ASI merger aims to create the largest open-source decentralized network in the AI industry and aims to bring together over 200,000 token holders.
“The ASI token will run on a unified decentralized AI network, providing unprecedented scale and power,” SingularityNET explained.
They stated that they plan to release detailed instructions on how to move ERC-20 tokens in the coming days. They will also provide more information to AGIX token holders, especially those on the Cardano blockchain, on how to move their tokens.
