SingularityNET unveils dates for ERC-20 token swap amid merger with AI cryptos

As a seasoned crypto investor with a keen interest in emerging blockchain projects, I’ve been closely following the developments surrounding SingularityNET and their recent merger with and Ocean Protocol. This announcement about the token swap for AGIX, FET, and OCEAN to ASI is an exciting turn of events, especially considering the potential value this new alliance could bring.

SingularityNET says over 200,000 token ERC-20 token holders could swap their AGIX, FET, and OCEAN tokens for ASI.

In connection with the larger union between, Ocean Protocol, and SingularityNET, the blockchain project SingularityNET has announced specific dates for holders of AGIX, FET, and OCEAN coins to exchange their tokens for a new coin called Artificial Superintelligence Alliance (ASI).

In the May issue of our Ecosystem Newsletter, we delve into the specifics of the @ASI\_Alliance token consolidation, the thriving Platform technology workshop, the remarkable reception to DeepFunding Round 4, grassroots community projects, and broader advancements within our ecosystem.

— SingularityNET (@SingularityNET) June 3, 2024

Based on a blog post published on June 3rd, the three tokens will be exchangeable at varying rates.

  • FET tokens migrate to ASI at a conversion rate of 1:1.
  • AGIX tokens migrate to ASI at a conversion rate of 1:0.433350.
  • OCEAN tokens migrate to ASI at a conversion rate of 1:0.433226.

I’m a crypto investor and according to the recent announcement, starting from June 11, I can swap my FET tokens for ASI. For those holding AGIX and OCEAN, the swap will be available two days later on June 13. SingularityNET has yet to provide details about the swapping process, assuring us that they’ll release “step-by-step guides” in the near future. Additionally, information regarding the migration process for AGIX holders on Cardano is anticipated soon as well.

As a researcher studying the latest developments in the cryptocurrency sector, I came across an exciting piece of news reported by in mid-March. According to this report, two prominent players in the industry are set to merge, creating a new entity with an estimated valuation of around $7.5 billion.

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2024-06-03 14:53