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SingularityNET announces the merger of FET, AGIX, and OCEAN into ASI, which will start on June 11
2024-06-03 10:23
Odaily News SingularityNET (AGIX) has officially announced the final date for the merger of the Alliance of Artificial Super Intelligence (ASI) tokens with Fetch.ai and Ocean Protocol. The merger will begin on June 11th, unifying under one decentralized artificial intelligence (AI) network, with FET being renamed ASI, and will be completed on June 13th. For FET, AGIX, and OCEAN token holders, the merger will involve converting these tokens to ASI tokens at a specific exchange rate. FET tokens will be converted to ASI at a 1:1 ratio, AGIX at a 1:0.433226 ratio, and OCEAN at a 1:0.433226 ratio. The ERC-20 tokens will be launched on June 11th, and users will be able to exchange FET for ASI tokens through the token migration contract, followed by the AGIX and OCEAN token swaps on June 13th. The migration process will take place on SingularityNET's decentralized artificial intelligence platform, and users can exchange tokens using the audited token migration contract provided by SingularityNET. (Cointelegraph)