Bittime - Good news for decentralized artificial intelligence (AI) advocates! The Artificial Superintelligence Alliance (ASA) has officially combined their tokens into a single token called ASI.
Check Today's Crypto Market:
This merger decision was approved by the communities behind Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN).
The goal is to create a greater force to challenge the dominance of giant technology companies (Big Tech) in AI development.
ASI Tokens with a Combined Value of $7.5 Billion
According to the ASA, ASI tokens will have a combined value of $7.5 billion after their official launch in May.
While the underlying projects (Fetch.AI, SingularityNET, and Ocean Protocol) will continue to operate independently, the alliance will function as a unified entity in decision-making regarding new members.
Users Who Have Voting Rights
Governance in ASA will be determined through a voting system which can only be participated by token owners who stake .
This mechanism ensures that those who have a stake in the success of the alliance can vote to determine the direction of its development.
Towards a Decentralized AI Ecosystem
The formation of ASA and subsequent token merger was driven by a shared vision to build a truly decentralized ecosystem for the development and application of AI.
This initiative directly challenges the current status quo in which Big Tech companies hold significant control over AI advancements.
AI Token Price Drop
It is worth noting that price drops in the crypto market at large have also had an impact on AI tokens. FET, AGIX, and OCEAN have all seen their prices drop in the past week.
Token Merger Details
- FET tokens will be converted into ASI with a new total supply of 2.63 billion tokens.
- AGIX and OCEAN tokens will be converted to ASI at a ratio of 0.433350:1 and 0.433226:1 respectively.
- Once the merge is complete, AGIX or OCEAN owners who hold their assets in private wallets will be given a way to exchange to ASI tokens.
Meanwhile, tokens stored on crypto exchanges will be automatically converted to new ASI tokens.
- The ticker symbols for AGIX and OCEAN trading will be removed from the exchanges on which they are currently listed.
- Token holders are warned not to attempt to send tokens to exchanges after the conversion process to ASI is complete.
With the completion of the token merger, ASI and its member projects expressed enthusiasm to move forward and contribute to a more decentralized AI future.
Check Crypto Prices Today:
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
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.
Learn Complete Guide How to Buy Crypto on Bittime .
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.
Read Also
MerlinStarter Announces Airdrop Details: 10% of $MSTAR Tokens Ready to be Claimed!
Dogecoin: The Meme Icon Paving the Way for the Next Crypto 100X?
Crypto Freefall! Is the Bitcoin Dream Over? Or is this just the beginning?
The Future of Shiba Inu (SHIB): Will It Soar High or Remain Sluggish?
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.
Comments
0 comments
Please sign in to leave a comment.