Token

Artificial Superintelligence Alliance

Coinbase, a major cryptocurrency exchange, has decided not to support the upcoming migration of the SingurityNet, Fetch.ai, and Ocean protocol AI tokens to the new Artificial Superintelligence Alliance (ASI) token. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ocean (OCEAN) and <a href="https://t.co/pOEE8X2oY0" target="_blank">https://t.co/pOEE8X2oY0</a> (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.— Coinbase Assets 🛡️ (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1806058199948140855?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 26, 2024</a>
 </blockquote> 
 </div>
</figure> 
In this migration, AI tokens Ocean (OCEAN) and Fetch.ai (FET) will unite in July to launch ASI tokens. The first phase of the migration will see OCEAN tokens transformed into FET on July 1, followed by the merger of FET tokens into ASI later that month. 
This migration includes a $7.5 billion token merger between the AI protocols SingularityNet, Fetch.ai, and Ocean Protocol. 
Crypto service providers who enable this technique will automatically convert users’ token holdings on the specified day. However, Coinbase has opted out of this migration, saying, “Coinbase will not execute the migration of these assets on behalf of users.” 
Despite the opt-out, Coinbase will continue to support FET and OCEAN trades as usual. Coinbase stated that Users who want to migrate their tokens can do so through a self-custodial wallet like Coinbase Wallet. The ASI token merger will be interoperable with all major software wallets, allowing users to make the move themselves. 
The first merger announcement in March said that FET tokens may be swapped for ASI at a 1:1 ratio. Fetch.ai informed users that their exchange holdings would be seamlessly converted to ASI tokens with no additional effort required. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 &nbsp;Also Read: <a href="https://www.cryptotimes.io/2024/06/27/coinbase-sues-sec-and-fdic-over-foia-noncompliance/" target="_blank" rel="noreferrer noopener">Coinbase Sues SEC and FDIC Over FOIA Noncompliance</a> 
</blockquote>

Coinbase Declines Support for ASI Token Migration

The Crypto Times

发布于 2024年6月27日的其他文章

MBAG Raises $2.9M+ Top Crypto Presale with 88% APY Crushing Shibha Inu, Sealana

Investing in 2024: $2.9M MoonBag Presale vs. Sealana and Hedera

Crypto Experts Suggets Solana ETF May Faces Hurdles

Dfinity announces new ICP-powered platform to tackle cybersecurity

ENS Token Surges Over 8% Amid Rebranding Announcement

Cryptocurrency Market Sees Significant Gains in Memecoins

订阅我们免费的电子期刊，获取每日最新加密领域动态！