ASI Token Merger: AGIX and OCEAN Converted to FET!

Bittime - The Artificial Superintelligence Alliance (ASI) announced plans to merge AGIX token form SingularityNET and OCEAN token from Ocean Protocol became Fetch.ai's FET, before eventually transitioning to the ASI token.  

ASI Token Merger: Convert AGIX and OCEAN Tokens to FET

On July 1, 2024, AGIX and OCEAN tokens will begin converting to FET. Users holding AGIX will earn FETs with a conversion ratio of 1 AGIX equaling 0.433350 FET, while OCEAN holders will earn 0.433226 FET for every 1 OCEAN. 

The move comes as part of the project's rebranding to the Artificial Superintelligence Alliance (ASI), with the name and logo changes to be updated across major platforms, including crypto exchanges and data aggregator sites such as CoinMarketCap and CoinGecko.

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First Stage of ASI Token Migration 

• July 1, 2024 : Project name and logo updated to Artificial Superintelligence Alliance.
• Closing AGIX and OCEAN Deposits and Withdrawals : The exchange will begin closing deposits and withdrawals for AGIX and OCEAN to prepare for the migration process.
• FET Trading Continues : FET Trading will continue without interruption.
• Migration Platform Opens : SingularityDAO DApp will open a migration platform to allow AGIX and OCEAN holders to convert their tokens to FET.
• AGIX and OCEAN Delisting : AGIX and OCEAN tokens will begin to be delisted from exchanges.
• Trading Continues on the FET Ticker : Spot and perpetual trading will continue without interruption under the FET ticker.

Second Stage: Transition to ASI Token

Once the first stage is complete, the second stage will begin with the transition from FET to ASI tokens. FETs will migrate to breast milk at a ratio of 1 FET to 1 breast milk. The conversion of AGIX and OCEAN to ASI will follow the same ratio as the first stage.

• AGIX to ASI : 1 AGIX is equivalent to 0.433350 ASI
• OCEAN to ASI : 1 OCEAN is equivalent to 0.433226 ASI

FET will undergo a network upgrade to become the ASI network, and a new migration contract will be introduced to allow token holders to convert FET, AGIX, and OCEAN to ASI. Bridges such as the Ethereum Virtual Machine (EVM) will also be enabled to facilitate the transfer of ASI tokens between blockchain networks.

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Benefits and Objectives of the ASI Token Merger

This merger aims to create a more efficient and well-integrated ecosystem, which supports decentralized AI development. Here are some of the main benefits of this merger:

1. Increased Liquidity : By combining three tokens into one, there will be a significant increase in liquidity in the market, making trading and investing easier for users.
2. Cost Efficiency : Conversion to a single token reduces transaction and management costs, providing financial benefits for users.
3. Ecosystem Strengthening : The token integration will strengthen collaboration between SingularityNET, Fetch.ai, and Ocean Protocol, driving innovation and the development of more advanced AI technologies.

For more information, users can visit the official website of the Artificial Superintelligence Alliance (ASI) and stay connected with the latest announcements from SingularityNET, Fetch.ai, and Ocean Protocol.

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How to Buy Crypto with Bittime

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

ASI Token: Definition, Mechanism and Benefits for the Artificial Intelligence Alliance 

Fetch.ai Increases $FET Token Supply to Support $ASI Token Merger

FET, AGIX, and OCEAN Merger to Become ASI Token, Reaching Value of $7.5 Billion!

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.