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