Artificial Superintelligence Alliance Token Merger Postponed

As a researcher with experience in the blockchain and cryptocurrency industry, I understand the complexity and intricacy of token mergers, especially those involving multiple partners like the Artificial Superintelligence Alliance. Based on the available information, it appears that the delay in the merger is due to necessary adjustments required by the partners to ensure a smooth transition.

The alliance between, SingularityNET, and Ocean Protocol, which makes up the Artificial Superintelligence Alliance, has announced a change in plans for their token merger. Originally set for June 13, 2024, the merging of their tokens into the unified Artificial Superintelligence token (ASI) will now occur on July 15, 2024. This shift is a result of partners needing extra time to make necessary adjustments in order to smoothly incorporate their individual tokens into the new ASI system.

The Alliance team is working closely with exchanges, validators, and other partners to address the technical intricacies and logistical challenges delaying the merger of tokens.

As an analyst, I’d rephrase the given text as follows:

— (@Fetch_ai) June 11, 2024

For those holding (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) tokens, no action is needed from you until mid-2024. The current status quo of trading these tokens separately on exchanges will remain unchanged until the introduction of the new ASI token on July 15, 2024. Post-launch, FET, AGIX, and OCEAN will no longer be traded individually; instead, they will merge into the ASI token.

Humayun Sheikh, the CEO of and head of the Artificial Superintelligence Alliance, reaffirmed the alliance’s unwavering dedication and forward-looking perspective, even in the face of a setback.

Ben Goertzel, as founder and CEO of SingularityNET, shared views aligning with Sheikh’s, stating deliberately the postponement was intended to create the optimal approach for the three-way tokenomic fusion.

Read More

2024-06-12 03:01