The ASI tokens for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) will combine into a single token.
Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) will combine their ASI tokens into a single token, starting in July and rolling out in two main phases.
First, AGIX and OCEAN tokens will be merged into FET. Then, the process will move on to ASI. Importantly, FET trading will continue as usual to ensure the renaming process goes smoothly on sites like CoinMarketCap and CoinGecko.
“In Phase I, SingularityNET's $AGIX and Ocean Protocol's $OCEAN tokens will merge into $FET, then transition to $ASI. FET trading remains uninterrupted as the project rebrands to Artificial Superintelligence Alliance across platforms like @CoinMarketCap and @coingecko.”
Phased Integration Ensures Smooth Transition to ASI
The primary objective of Phase 1 is to sign up exchanges and data brokers so that the rebranding process goes smoothly. This step sets the stage for the rebranding. On July 1, project names and logos will be changed.
At the same time, AGIX and OCEAN will be delisted from the exchanges, and Singularity DAO Decentralized Applications (dApps) will launch a transfer platform.
Phase 2 will focus on implementing ASI and getting the community started. During this time, ASI tokens will be launched on different chains, with self-custody holders getting priority.
As FET moves to ASI, new migration plans will also be implemented. There are set exchange rates: 1 AGIX equals 0.433350 ASI, 1 OCEAN equals 0.433226 ASI, and 1 FET equals 1 ASI.
The ASI Alliance is dedicated to ensuring that the move is easy for everyone. The migration contracts will stay open for a few years, giving users plenty of time to switch coins.
This method is especially helpful for people with funds locked up in staking or other programs since they can convert it to ASI by hand whenever they want.
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