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SingularityNET has officially announced the final dates for the merger of the Alliance of Artificial Superintelligence (ASI) tokens with its native AGIX token. This marks a significant step towards bringing together the fetch.ai (FET), AGIX and Ocean Protocol (OCEAN) communities. The merger to unite into one decentralized artificial intelligence (AI) network will begin on June 11 and end on June 13, and the FET token will be renamed ASI.
For holders of FET, AGIX and OCEAN tokens, the merger will include the conversion of these tokens into ASI tokens at certain conversion rates. FET tokens will be converted to ASI at a ratio of 1:1, AGIX at a ratio of 1:0.433350 and OCEAN at a ratio of 1:0.433226. ERC-20 tokens will be available on June 11 for users to exchange FET for ASI tokens via a token migration contract, and on June 13 for AGIX and OCEAN.
The migration process will take place on SingularityNET’s decentralized AI platform, where users will be able to securely exchange their tokens using a verified token migration contract provided by SingularityNET. The ASI merger aims to create the largest decentralized open-source network in the artificial intelligence industry, with over 200,000 token holders.
Image: The Cryptonomist
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