- The crypto landscape witnesses a significant development with the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens into ASI.
- This strategic move, starting on July 1, aims to streamline operations and enhance the utility of the involved tokens.
- A prominent detail from the announcement highlights the uninterrupted trading of FET to ensure a seamless transition.
Discover the details of the Fetch.ai merger with Ocean Protocol and SingularityNET, marking a transformative phase in the AI and crypto convergence. Stay informed on the processes, phases, and the future of ASI.
Key Processes in the FET, AGIX, and OCEAN Merger
The initial phase of this strategic merger involves integrating AGIX and OCEAN tokens into FET, ultimately transitioning to ASI. This phase ensures continuous trading of FET, mitigating any disruption during the rebranding process across major platforms such as CoinMarketCap and CoinGecko.
Detailed Insights into the Transition Phase
During Phase 1, the primary objective is to collaborate with exchanges and data aggregators to facilitate the transition. This foundational phase sets the stage for future developments, where project names and logos will be updated, and AGIX and OCEAN will be delisted. On July 1, Singularity DAO Decentralized Applications (dApps) will launch the migration platform.
Focus on User-Centric Migration
In Phase 2, the deployment of ASI tokens and community onboarding take precedence. Special attention is given to self-custody holders, with ASI tokens being launched across various chains. New migration contracts will support the conversion rates — 1 AGIX to 0.433350 ASI, 1 OCEAN to 0.433226 ASI, and 1 FET to 1 ASI.
Ensuring a User-Friendly Migration Timeline
Migration contracts will remain open for an extended period, allowing users ample time to convert their tokens. This approach ensures that individuals with locked funds in staking or other programs can manually convert their holdings at their convenience, aligning with the user-first strategy of the ASI Alliance.
Conclusion
The merger of Fetch.ai, Ocean Protocol, and SingularityNET into ASI marks a pivotal moment in the AI and crypto integration. With a focus on seamless transitions and user-centric approaches, this initiative is poised to enhance the operational efficiency and utility of the tokens involved. The phased approach ensures a smooth rebranding process, setting a new standard in the convergence of AI and blockchain technologies.
