This article dives into the much-anticipated ASI token merger, a collaborative effort between Fetch.ai, Ocean Protocol, and SingularityNET. The merger aims to establish a powerful and unified Artificial Superintelligence Alliance (ASI) ecosystem.

Key Points:

  • Two-Phased Implementation: The merger will occur in two phases, beginning on July 1, 2024. Phase I focuses on consolidating AGIX and OCEAN tokens into FET on the Ethereum blockchain. Phase II involves deploying the ASI token across chains and upgrading the Fetch.ai network.
  • Action Required for Exchange Users: If you hold AGIX, OCEAN, or FET on exchanges like Binance, no action is required. Your tokens will be automatically converted to ASI in due course.
  • Self-Custody Users: For those holding tokens in self-custody wallets, a conversion portal on the SingularityDAO dApp will facilitate the migration process. The portal will be operational for an extended period.
  • Supported Wallets: Major software wallets (MetaMask, Trust Wallet) and hardware wallets (Ledger, Trezor) will support the ASI token.

Understanding the Phases:

  • Phase I (Starts July 1, 2024):
    • Project rebranding to Artificial Superintelligence Alliance.
    • AGIX and OCEAN tokens will temporarily merge into FET.
    • Deposits and withdrawals for AGIX and OCEAN on exchanges will halt.
    • Conversion contracts for AGIX and OCEAN to FET become available.
  • Phase II (Mid-July 2024):
    • ASI token deployment across chains.
    • Fetch.ai network upgrade.
    • Introduction of new migration contracts for converting remaining AGIX, OCEAN, and FET to ASI.
    • Opening of EVM bridges for facilitating ASI token transfers.
    • Exchange integration for transitioning from FET to ASI trading pairs.

Staying Informed:

  • Official website: https://www.superintelligence.io/
  • Social media channels of Fetch.ai, Ocean Protocol, SingularityNET, and Artificial Superintelligence Alliance.
  • AMAs (Ask Me Anything) and community calls for real-time updates.

The Benefits:

  • Strengthens the overall AI ecosystem.
  • Enhances its resilience and competitiveness.
  • Introduces potential improvements in performance and use cases for the ASI token.

Security Precautions:

  • Beware of scams during the transition. Trust only official sources of information.
  • The ASI teams are committed to combating scams through clear communication and information campaigns.

In Conclusion:

The ASI token merger represents a significant step forward for decentralized AI. By understanding the process and following official updates, you can navigate the transition smoothly and contribute to a successful ASI ecosystem

By Alex Wheeler

Alex is a lead writer at AltcoinsAnalysis, bringing the audience all leading developments in the blockchain industry and the latest trends in the cryptocurrency market.