As a long-term crypto investor with experience in following and trading various projects in the decentralized AI space, I’m excited about Binance’s full support for the merger of Fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN) tokens into the new Artificial Superintelligence (ASI) token. This collaboration is a significant step forward in the development of decentralized AI technologies, and I believe that this merger will unlock immense potential for all three projects.
As a cryptocurrency market analyst, I’m here to help you navigate the latest developments in the digital currency sphere. In this instance, Binance, the leading global cryptocurrency exchange, has made an announcement regarding the merger of three specific tokens: Fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN). These tokens are set to be consolidated into a new token called Artificial Superintelligence (ASI).
Appreciation goes out to Binance for their assistance in seamlessly integrating the token on your platform, and for being a key player in the evolution of decentralized AI.
— Artificial Superintelligence Alliance (@ASI_Alliance) June 14, 2024
Starting July 1, 2024, Binance will temporarily halt deposits and withdrawals for FET, AGIX, and OCEAN tokens to prepare for their merger. It is recommended that users finish any existing transactions before this date. Following the merger, Binance will enable deposits and withdrawals for the resulting ASI token, rendering transactions with FET, AGIX, and OCEAN obsolete.
Starting from July 1, 2024, spot trading for FET/AGIX/Ocean pairs will no longer be available on our platform. Instead, you will be able to trade ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT pairs beginning July 5, 2024. Please note that all open positions for FETUSDT, OCEANUSDT, and AGIXUSDT perpetual contracts on Binance Futures will be closed on June 25, 2024. These contracts will then be delisted from our platform following their closure.
FET tokens held by users will be automatically exchanged for an equal amount of ASI tokens at a 1:1 ratio. The exchange rates for AGIX and OCEAN tokens are set at 0.433350 ASI per AGIX token and 0.433226 ASI per OCEAN token, respectively. Binance will handle the technical aspects of this conversion process to ensure a seamless experience for all users.
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2024-06-15 04:52