The Artificial Superintelligence Alliance, a new decentralized AI collective, has announced the official merger date for three major AI-related tokens: FET, OCEAN, and AGIX.
This significant merger, set to take place in June 2024, will see the creation of a new token called ASI.
Learn more about the transition schedule, exchange rates, and how this merger will impact the AI and cryptocurrency landscapes.
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Merger Date Confirmed for Three AI-Related Projects
The "Artificial Superintelligence Alliance," a collaborative initiative launched by AI-related cryptocurrency projects, announced on May 29, 2024, that the official merger date for three major AI-related tokens has been confirmed.
The Artificial Superintelligence Alliance is a new decentralized AI collective formed by three AI-related projects: Fetch.ai, Ocean Protocol, and SingularityNET.
These three projects have issued their own tokens: FET, OCEAN, and AGIX. However, with this merger, these three tokens will be combined into a new token called "ASI." The details of each token are as follows:
| Token Name | Description |
|---|---|
| FET | Existing token of Fetch.ai |
| OCEAN | Existing token of Ocean Protocol |
| AGIX | Existing token of SingularityNET |
| ASI | New token created through the merger |
The ASI token will function across the entire integrated decentralized AI network, and the existing FET, OCEAN, and AGIX tokens will be converted into ASI tokens at pre-determined rates.
In March of this year, the Artificial Superintelligence Alliance announced the formation of the Artificial Superintelligence Alliance and the merger plans for the tokens. The latest announcement confirms the details of the merger.
Transition Schedule and Exchange Rates for ASI
According to the official announcement, the merger of the AI-related tokens will be carried out in stages starting from June 11, 2024. The schedule for the merger is as follows:
【June 11, 2024】
On June 11, 2024, it will be possible to exchange "$FET" for "$ASI" through the token transition contract. The name "$FET" will be changed to "$ASI" on June 11, and the merger will be completed by June 13, 2024.
【June 13, 2024】
On June 13, 2024, following $FET, "$AGIX" and "$OCEAN" will also be exchangeable for "$ASI."
The token transition contract for converting existing tokens to ASI tokens has been audited, ensuring that existing token holders can safely exchange their tokens.
Additionally, as previously announced, the exchange rates for converting $AGIX, $FET, and $OCEAN to $ASI tokens are as follows:
| Token | Exchange Rate |
|---|---|
| $FET | 1 FET = 1 ASI |
| $OCEAN | 1 OCEAN = 0.433226 ASI |
| $AGIX | 1 AGIX = 0.433350 ASI |
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