Binance Announces Full Support for the Merger of Fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN) Tokens into the New Artificial Superintelligence (ASI) Token

The merger date was delayed from June 13 to July 15, 2024, to ensure that logistical and technical readiness across the exchange is achieved.

Binance, the leading global cryptocurrency exchange, has announced its support for the merger of Fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN) tokens into a new Artificial Superintelligence (ASI) token. The merger, which was initially set to take place on June 13, has now been postponed to July 15, 2024, to ensure logistical and technical readiness across the exchange.

"Thank you @binance for your support in facilitating the token merge on your platform, and being a part of the future of decentralized AI."

As part of the merger process, Binance will suspend all deposits and withdrawals of FET, AGIX, and OCEAN tokens on July 1, 2024, to facilitate the integration of the new ASI token. Users are advised to complete any pending transactions involving these tokens before this date. Following the merger, deposits and withdrawals of the ASI token will be enabled, while transactions involving FET, AGIX, and OCEAN will no longer be supported.

On the spot trading markets, trading pairs for FET/AGIX/OCEAN will be closed on July 1, 2024, and will resume trading as ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT pairs on July 5, 2024. Meanwhile, Binance Futures will close all positions for FETUSDT, OCEANUSDT, and AGIXUSDT perpetual contracts on June 25, 2024, and the contracts will be delisted from the exchange.

In terms of the token conversion rates, all FET tokens will be converted to ASI tokens at a ratio of 1:1. For AGIX and OCEAN tokens, the conversion ratios will be 0.433350 ASI for AGIX and 0.433226 ASI for OCEAN. Binance will handle all technical aspects of the conversion process to ensure a smooth transition for users.

News source：https://www.kdj.com/cryptocurrencies-news/articles/binance-announces-support-merger-fetchai-fet-singularitynet-agix-ocean-protocol-ocean-tokens-artificial-superintelligence-asi-token.html

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