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Crypto: The Countdown Has Begun For The Mega-merger of FET, OCEAN, and AGIX

Fri 28 Jun 2024 ▪ 3 min read ▪ by Fenelon L.
Getting informed Event

The long-awaited merger of Fetch.ai, Ocean Protocol, and SingularityNET finally has a date. This revolutionary alliance in blockchain and AI will give birth to ASI, a promising new crypto for the decentralized AI ecosystem.

Les crypto FET

The merger, a two-phase merger process

The first step of this ambitious merger will be to integrate OCEAN and AGIX into FET. This initial phase aims to ensure a smooth transition on major listing platforms like CoinMarketCap and CoinGecko, while maintaining uninterrupted FET trading.

The main objective is to pave the way for the upcoming rebranding. The teams have therefore emphasized the importance of proceeding without haste, ensuring a solid foundation for the entire process.

July 1st will mark the concrete beginning of this transformation, with the update of project names and logos, as well as the delisting of AGIX and OCEAN from exchanges.

Simultaneously, Singularity DAO will launch a migration platform on its decentralized applications, providing users with a simple way to participate in this evolution.

ASI: Birth of a major new player in the crypto ecosystem

The second phase will focus on the effective deployment of ASI and the integration of the community. The teams will pay particular attention to self-custody holders, offering them priority access.

The launch of ASI will be carried out gradually on different blockchains, accompanied by the introduction of new migration contracts. Project managers have set the conversion rates as follows:

  • 1 AGIX for 0,433350 ASI
  • 1 OCEAN for 0,433226 ASI
  • 1 FET for 1 ASI

In conclusion, this merger represents a crucial step towards creating a more robust and interconnected decentralized AI ecosystem. By joining forces, these projects aim to accelerate innovation and the adoption of advanced AI technologies in a decentralized framework.

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Fenelon L. avatar
Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.