Fetch.ai News: Token Merger to ASI Announced
A big change is coming to the world of blockchain and cryptocurrency. The Artificial Superintelligence (ASI) Alliance, made up of Fetch.ai, SingularityNET, and Ocean Protocol, is merging three tokens into one. This new token is called ASI.
This $7.5 billion move aims to create a fair, decentralized AI world. It will challenge the big tech companies that rule the industry.
The merge starts on July 1 and will happen in two steps. First, SingularityNET’s AGIX and Ocean Protocol’s OCEAN will join Fetch.ai’s FET. Then, in mid-July, the ASI token will be available on many blockchains.
Introducing the Artificial Superintelligence (ASI) Alliance
The Artificial Superintelligence (ASI) Alliance is a big deal. It brings together three big names in blockchain and AI: Fetch.ai, SingularityNET, and Ocean Protocol. They’re working together to make AI better and fair for everyone. They use their skills and resources to make this happen.
Fetch.ai, SingularityNET, and Ocean Protocol Join Forces
These three companies are joining hands to change the game in AI. They want to stand up to Big Tech and offer a new way to make AI. This way, AI will be made with the user in mind, and it will be open and working together.
- Fetch.ai: A blockchain-powered platform that enables the creation of autonomous economic agents, empowering decentralized AI applications.
- SingularityNET: An open-source protocol for building, sharing, and monetizing AI services on the blockchain.
- Ocean Protocol: A decentralized data exchange protocol that allows data owners to securely publish, exchange, and consume data products.
Ethical and Decentralized Approach to AI Development
The ASI Alliance wants to change AI for the better. They focus on making AI safe and fair. They use blockchain to make AI that helps people and communities, not just a few big companies.
“The ASI Alliance is poised to become a formidable force in the AI industry, driving innovation and ensuring that the development of transformative technologies remains in the hands of the people, not the control of Big Tech.”
– Humayun Sheikh, CEO of Fetch.ai
Putting Fetch.ai, SingularityNET, and Ocean Protocol together is a big move. It’s a step towards a fairer AI world. As they keep growing, they’ll change how we see AI. They’ll help people and communities in the super smart future.
The Token Merger: FET, AGIX, and OCEAN Become ASI
Fetch.ai, SingularityNET, and Ocean Protocol are joining forces. They will merge FET, AGIX, and OCEAN into one token called ASI. This new token will make things work better and bring decentralized AI together.
The ASI token will be on many blockchain networks. People can turn their tokens into ASI. For example, 1 FET equals 1 ASI, 1 OCEAN equals 0.433226 ASI, and 1 AGIX equals 0.433350 ASI.
This change is expected to make AI tokens more valuable. It will happen on June 13. People can swap FET for ASI starting June 11.
The goal is to stop big companies like Microsoft and Alphabet from controlling AI. They want a decentralized AI system that is open and fair for everyone.
| Token | Conversion Rate | 24-Hour Price Change | 24-Hour Trading Volume Change |
|---|---|---|---|
| FET | 1 FET = 1 ASI | -4.18% | +33% |
| AGIX | 1 AGIX = 0.433350 ASI | -4.24% | N/A |
| OCEAN | 1 OCEAN = 0.433226 ASI | -4% | -8% |
The merger has two main steps. First, AGIX and OCEAN merge with FET. Then, the community gets ready and the ASI token is released on many chains.
Starting July 1, the ASI alliance with Ocean Protocol and SingularityNET will begin. Phase 2 will happen in mid-July.
This move shows Fetch.ai, SingularityNET, and Ocean Protocol’s dedication to a decentralized AI world. They want to empower users and keep the AI field open and transparent.
Phase 1: Migrating AGIX and OCEAN to FET
The first phase of the big merger between fetch.ai, SingularityNET, and Ocean Protocol is starting. This step is about moving AGIX and OCEAN tokens to the FET token. It’s getting ready for the new ASI platform.
SingularityDAO dApp Facilitates Token Conversion
The SingularityDAO dApp is helping with the move. It lets users swap AGIX and OCEAN for FET easily. This makes the change smooth and simple.
Exchanges Begin Delisting AGIX and OCEAN
Big exchanges are taking AGIX and OCEAN off the market. This gets things ready for the FET token to take over. The ASI Alliance is guiding users to make the switch smoothly.
| Token | Conversion Rate | Current Price | Market Cap |
|---|---|---|---|
| FET | 1:1 | $1.46 | $3.5 billion |
| AGIX | 1:0.433350 | $0.6138 | $618 million |
| OCEAN | 1:0.433226 | $0.6105 | $411 million |
So far, 1,780,753.42 AGIX and 336,445.31 OCEAN tokens have turned into FET. This is 771,689.49 and 145,756.86 FET tokens, respectively. The FET token is now at $1.40. It dropped 0.94% in a day and 4.17% in a week.
The ASI Alliance is helping with the move. They offer guides and tutorials for a smooth change. The next phase, with the new ASI token and network upgrade, will start soon.
fetch.ai news token merger to ASI: Key Details
A big event is coming in the world of blockchain and AI. Fetch.ai, Ocean Protocol, and SingularityNET are joining forces. They call it the Artificial Superintelligence (ASI) Alliance. This group wants to make AI work better and give everyone access to the latest AI tech.
The merger will happen in two steps. First, they will move AGIX and OCEAN tokens to FET. Then, they will introduce the ASI token and update the network. This big change will change the crypto market. It will give investors and users a chance to be part of the AI future.
Key Highlights of the Token Merger
- FET trading volume surged by 36% despite a recent price decline of 4.18% to $1.61.
- AGIX token price plunged 4.24% to $0.6636, with a 27% decline on the monthly chart.
- OCEAN token price fell nearly 4% over the last 24 hours, with a one-day trading volume slipping 8% to $76.73 million.
- Conversion rates for the ASI token merger are set at 1 AGIX = 0.433350 ASI, 1 OCEAN = 0.433226 ASI, and 1 FET = 1 ASI.
- The ASI token will be the currency of the new AI ecosystem, aiming to accelerate the development of advanced AI and establish a decentralized AI system challenging big tech companies.
- The merger seeks to democratize access to AI services and stimulate innovation, leveraging smart contracts for secure transactions in AI tools and services.
The ASI Alliance brings together Fetch.ai, Ocean Protocol, and SingularityNET. They aim to change how we use decentralized AI. This merger will make these platforms work better. It will also open up a future where AI is safe, open, and fair.
As the ASI token merger happens, it’s important to keep up with news. Follow the Artificial Superintelligence (ASI) Alliance and Ocean Market updates. Knowing about this project’s goals and possibilities will help you understand its big impact.
Phase 2: Introducing the ASI Token and Network Upgrade
The Artificial Superintelligence (ASI) Alliance is getting ready for the next big step. They plan to introduce the ASI token and upgrade the network. This will make it easier to use the FET, AGIX, and OCEAN tokens together.
Community Onboarding and ASI Token Deployment
The ASI Alliance wants to make joining easy for everyone. They will put the ASI token on many blockchain networks. This lets users pick their favorite blockchain to use with the ASI ecosystem.
Migration Contracts and Blockchain Bridges
The ASI Alliance will make it easy to switch tokens to the ASI token. They will have special contracts open for a long time. This gives everyone enough time to switch tokens when they want.
They will also use Ethereum Virtual Machine (EVM) and other bridges. This makes it easy to move tokens between networks. It makes the ASI token easy to use and join the decentralized world.
“The ASI token merger is a big step towards a better, connected AI world. By combining Fetch.ai, SingularityNET, and Ocean Protocol, we open new doors for AI agents and blockchain technology.”
The ASI Alliance is working hard to make a decentralized AI world. They are making it easy for the community to join and move tokens around. The ASI project is changing the future of AI.
Exchange Support for the ASI Token Merger
Big news is coming for the ASI token merger. Fetch.ai, SingularityNET, and Ocean Protocol are joining forces. Major exchanges like Bitfinex, Cooperative, Bitget, Binance, and KuCoin are supporting this move.
Major Exchanges Back the Transition
These exchanges will stop offering tokens like Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN. They will do this around July 1 or 2. This is to get ready for the new ASI token.
Coinbase’s Approach to the Merger
Coinbase is doing things differently. They will keep trading FET and OCEAN as usual. Users will need to move their tokens to the new ASI token on their own. This shows how important it is to take care of your own crypto in this world.
| Exchange | Token Offerings | Migration Approach |
|---|---|---|
| Bitfinex, Cooperative, Bitget, Binance, KuCoin | Pausing FET, AGIX, OCEAN | Facilitating ASI token migration |
| Coinbase | Continuing FET, OCEAN trading | Users responsible for manual migration |
The ASI token merger is a big deal for decentralized AI. It combines the best of Fetch.ai, SingularityNET, and Ocean Protocol. This will make a strong platform for AI and blockchain tech.
“The ASI token merger is a big change for decentralized AI. It joins top projects together. This will push AI forward in the future.”
Conclusion
The Artificial Superintelligence (ASI) Alliance has made a big step forward. They merged tokens from Fetch.ai, SingularityNET, and Ocean Protocol. This move aims to make AI more ethical and decentralized.
They combined the FET, AGIX, and OCEAN tokens into one new ASI token. This will make things work better and connect AI systems together. It also plans to challenge Big Tech in AI development.
The merger will happen in two steps. First, they will introduce the ASI token. Then, they will upgrade the network. Big crypto exchanges support this move.
But, Coinbase is taking a different path. Still, this merger is key to the alliance’s goal of creating super smart AI for the decentralized world. The AI crypto market is growing fast, now over $38.7 billion.
More than 200,000 token holders will join the new ASI Alliance. The merger’s value is expected to be $7.5 billion. This shows how big an effect it will have on blockchain, crypto, and AI.
As voting ends and AGIX and OCEAN tokens join, the ASI token will be very important. It will play a big role in the future of AI and economic agents.
