Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) Tokens to Merge Into ASI Alliance Targeting Artificial Superintelligence

Good news springs up for the Artificial Intelligence (AI) community as they will finally see the merger of the Fetch.ai (FET) Ocean Protocol (OCEAN)

Artificial Intelligence (AI) enthusiasts have something to celebrate as Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens will finally merge into ASI. The announcement was made by Fetch.ai on its official X account, revealing that the merger will officially commence on July 1.

According to the announcement, the merger will take place in two phases. In Phase I, SingularityNET's $AGIX and Ocean Protocol's $OCEAN tokens will merge into $FET, which will then transition to $ASI. Notably, FET trading will continue uninterrupted as the project is rebranded to Artificial Superintelligence Alliance on platforms like CoinMarketCap and CoinGecko.

The main goal of Phase I is to get exchanges and data aggregators on board and ensure a smooth transition when the rebranding process begins. As highlighted in the update, this integration will be done slowly, with Phase I setting the stage for the rebranding effort.

On July 1, project names and logos will be updated, and AGIX and OCEAN will be delisted from exchanges. The migration platform will also launch on the Singularity DAO Decentralized Applications (dApps) on the same day.

Meanwhile, Phase II will prioritize deploying ASI and onboarding the community. During this phase, self-custody holders will be able to convert their tokens manually, and ASI tokens will be airdropped on multiple chains. New migration contracts will also be deployed as FET migrates to ASI.

The conversion rates for the merger have been set at 1 AGIX to 0.433350 ASI, 1 OCEAN to 0.433226 ASI, and 1 FET to 1 ASI.

The ASI Alliance Emphasizes User Convenience

The team noted that the migration contracts will remain open for several years, giving users ample time to convert their tokens. This measure is particularly relevant for those whose funds are locked in staking or other programs, allowing them to manually convert their tokens into ASI at their convenience.

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