As an analyst with extensive experience in the blockchain and AI sectors, I am thrilled to witness SingularityNET’s strategic move towards a unified decentralized AI network through the upcoming token merger. The integration of FET, AGIX, and OCEAN tokens is a pivotal moment that sets the stage for enhanced synergy and efficiency in the sector.
SingularityNET is poised to bring about a significant shift in the decentralized AI industry with the unveiling of merger dates for ASI tokens. This upcoming integration will involve the incorporation of tokens from Fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN), beginning on June 11.
On June 13, the merger will be finalized, resulting in the renaming of the FET token to ASI. This change signifies a momentous transition toward a cohesive artificial intelligence network.
In the May installment of our Ecosystem Roundup, I delve into the specifics of the ASI Alliance token merge. I also recap the accomplishments of our recent Platform technical meetup. Furthermore, I share the exciting news about the overwhelming response to Deep Funding R4. Additionally, I highlight various community-driven initiatives and broader developments within our ecosystem.
— SingularityNET (@SingularityNET) June 3, 2024
Details of Token Conversion
During the transition, FET tokens will combine with others at a rate of 1 to 1, while AGIX and OCEAN tokens will be converted at ratios of 1 to 0.433350 and 1 to 0.433226, respectively. Beginning on June 11, ERC-20 tokens will be exchanged for ASI through a secure token migration contract, ensuring a hassle-free experience for all involved parties.
Additionally, this unification of over 200,000 token holders within a strong ecosystem will significantly expand the influence and effectiveness of decentralized AI networks. This merger is expected to boost service quality and facilitate seamless expansion throughout the network.
SingularityNET leads the charge in expanding the abilities and accessibility of decentralized artificial intelligence systems, bringing advanced integration and functionality to users globally.
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2024-06-03 19:48