Bittime – Community Alliance Fetch.ai and SingularityNET, have reached a consensus to increase the supply of $FET tokens under the new token $ASI , see the impact of this increase in supply below.
Increase in Token Supply as a Sign of the Birth of a New Alliance
This strategic move is not just a token merger, it represents the birth of a coalition poised to redefine the landscape of decentralized networks and artificial intelligence.
$FET Token Holder
To facilitate this transition and maintain the integrity of the exchange process, the issuance of an additional supply of 1,477,549,566 $FET tokens has occurred. This is an important step in strengthening the ASI Token Exchange Mechanism, a system designed to integrate existing tokens into the new $ASI framework.
$AGIX Token Holders
The conversion specifications have been carefully planned. Holders of $AGIX tokens will see their assets converted to $ASI at a ratio of 0.433350:1, a process supported by the creation of 866,700,367 new $FET tokens.
$OCEAN Token Holders
Similarly, $OCEAN token holders will see their tokens converted to $ASI at a ratio of 0.433226:1, backed by an additional 610,849,199 $FET tokens.
Meanwhile, $FET token holders will experience an immediate 1:1 conversion, leveraging the existing supply of 1,152,997,575 $FET tokens.
This strategic token issuance increases the total circulating supply of $FET tokens to 2,630,547,141. The next phase will involve rebranding the $FET token to $ASI, marking a new chapter for the Alliance and its community.
This rebranding is more than just a name change, but also symbolizes unity and a shared vision to utilize blockchain technology for the advancement of artificial intelligence and machine learning.
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Reunderstanding Agreed Commitments
This announcement reaffirms the commitment made on March 27, when the merger was initially announced, and the calculations underlying this significant step were shared. The Artificial Superintelligence Alliance (ASI) is at the forefront of innovation, ready to leverage the collective power of $FET, $AGIX, and $OCEAN to drive the development of intelligent, decentralized ecosystems.
Also Read This AI Token Merger, Understanding the Merger of Artificial Superintelligence (ASI) Tokens
Merger Events that can be Used as Examples for the Crypto Community
The crypto community is watching, this merger is becoming a case study in collaboration, innovation, and a more connected and intelligent blockchain network.
The impact of this unification will be far-reaching, promising increased efficiency, improved scalability, and new avenues for growth and development in the decentralized space.
Conclusion
The Artificial Superintelligence Alliance (ASI) doesn't just combine tokens, they combine vision, community, and aspirations for a smarter, more unified future. One way is through increasing the supply of FET tokens into this integration process.
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Also read:
AI FET and AGIX tokens merge with OCEAN to become ASI
$FET, $OCEAN, $AGIX: Artificial Superintelligence Alliance Confirms $ASI Token Merger
Fetch.ai Increases $FET Token Supply to Support $ASI Token Merger
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