Ocean Protocol

Token

SingularityNET

Artificial Superintelligence Alliance

<p>The historic merger between Fetch.ai, Ocean Protocol, and SingularityNET to form the “Superintelligence Alliance” comes with a massive redistribution of tokens. Discover the conversion ratios to the new ASI crypto and what this means for token holders.</p>
<h2 id="h-token-redistribution-modalities">Token Redistribution Modalities</h2>
<p>The <a href="https://www.cointribune.com/en/crypto-fetch-ai-singularitynet-and-ocean-merge-into-a-single-ai-project/" target="_blank" rel="noopener noreferrer nofollow">superintelligence alliance</a>, arising from the merger of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), has unveiled the distribution key for ASI tokens. Indeed, this distribution is as follows:</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<ul>
 <li>1 FET = 1 ASI,</li>
 <li>1 OCEAN = 0.433226 ASI, and</li>
 <li>1 AGIX = 0.433350 ASI.</li>
</ul>
<p>A snapshot taken on March 25th served as the basis for determining this <a href="https://mig.fetchsal.network/" target="_blank" rel="noopener noreferrer nofollow">allocation</a>, based on the average price over the previous 15 days. Thus, the total emission will reach 2.631 billion ASI tokens, including 1.15 billion FET automatically renamed as ASI. Additionally, the remaining 1.48 billion tokens will be distributed as follows: 867 million for AGIX holders and 611 million for OCEAN holders.</p>
<p>The merger and token exchange are subject to the approval of the respective communities of each project. They will need to vote on governance proposals starting April 2nd. In case of a favorable vote, the process of converting FET, AGIX, and OCEAN tokens to ASI cryptocurrency will begin.</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="422" src="https://www.cointribune.com/app/uploads/2024/03/image-9-1024x422.png" alt="Calculation base for minting tokens in order to give a proportional share of the new ASI tokens to $OCEAN and $AGIX holders" class="wp-image-681760" srcset="https://www.cointribune.com/app/uploads/2024/03/image-9-1024x422.png 1024w, https://www.cointribune.com/app/uploads/2024/03/image-9-300x124.png 300w, https://www.cointribune.com/app/uploads/2024/03/image-9-768x316.png 768w, https://www.cointribune.com/app/uploads/2024/03/image-9.png 1262w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em>Calculation base for minting tokens to provide a proportional share of the new ASI tokens</em>
 </figcaption>
</figure>
<h2 id="h-practical-implications-for-holders">Practical Implications for Holders</h2>
<p><a href="https://www.cointribune.com/en/ai-cryptocurrencies-on-fire-openais-sora-propels-the-markets/" target="_blank" rel="noopener noreferrer nofollow">FET holders</a> on exchanges will see their assets automatically renamed to ASI, with no action required on their part. Those holding FET offline or in a hardware wallet will be able to use a dedicated exchange mechanism to obtain ASI at a 1-to-1 rate.</p>
<p>Similarly, OCEAN and AGIX tokens held on exchange platforms will be automatically converted to ASI. Offline or wallet holders can continue to hold them as is or exchange them for ASI through the planned mechanism, with no time limit. Since exchange rates are fixed, there is no urgency.</p>
<p>Although this massive token redistribution marks a crucial milestone, the Fetch.ai, Ocean Protocol, and SingularityNET foundations will maintain their legal and operational independence. Each foundation remains free to do as it pleases and to promote the values and adoption of decentralized AI.</p>
<p>More news will be published as the project evolves. For now, the website and token exchange are not yet online.</p>

Decoding Fusion FET, AGIX, OCEAN: What Lies Ahead for Crypto Holders?

Table of Contents

Cointribune EN

Other articles published on Mar 29, 2024

Bitcoin outflows on exchanges surge amid ETF dynamics

Solana (SOL) Price Prediction 2024, Will It Hit $300? Experts Name BlastUp (BLP) As a Safer Inves...

Deestream stage 2 presale attracts Avalanche and Uniswap fans

UK and U.S. unite to expose Russia’s $20 billion illegal crypto trade

ERC20 Climbs High in 7 Days, Milei Moneda Presale Selling out Earlier Than Anticipated as Avalanc...

Dogecoin’s price prediction: Is DOGE to $1 still on for the memecoin?

Join our free newsletter for daily crypto updates!