Odaily Planet News reported that SingularityDAO announced today at 23:00 that FET will initiate the first phase of the ASI token merger plan with AGIX & OCEAN. Earlier, the Artificial Superintelligence Alliance announced significant progress and updates regarding the merger of ASI tokens. The first phase is scheduled to be implemented on July 1, 2024. Deposits and withdrawals of AGIX and Ocean will be closed across exchanges to prepare for the migration process, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET is open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET. The second phase is the cross-chain deployment of ASI tokens, the FET network upgrades to the ASI network, the migration contracts from FET, AGIX, OCEAN to ASI are open, the EVM and other bridges are open, and the trading platform begins to migrate from FET to ASI spot market.

Odaily Star Daily News SingularityNET (AGIX) officially announced the final date for the token merger of the Artificial Superintelligence Alliance (ASI) with Fetch.ai and Ocean Protocol. The merger will begin on June 11th and will be consolidated under a decentralized artificial intelligence (AI) network. FET will be renamed ASI and will be completed on June 13th. For FET, AGIX, and OCEAN token holders, the merger will involve converting these tokens into ASI tokens at a specific exchange rate. The FET token will be converted to ASI at a ratio of 1:1, to AGIX at a ratio of 1:0.433226, and to OCEAN at a ratio of 1:0.433226. ERC-20 tokens will be launched on June 11th. Users can exchange FET for ASI tokens through the token migration contract, and then exchange for AGIX and OCEAN tokens on June 13th. The migration process will be conducted on the decentralized artificial intelligence platform under SingularityNET, and users can exchange tokens using the audited token migration contract provided by SingularityNET. (Cointelegraph)

PANews, June 11th - According to official sources, the final date for the merger of Fetch.AI, SingularityNET, and Ocean Protocol tokens has been postponed from June 13, 2024, to July 15, 2024. The official statement mentioned that this schedule adjustment is necessary to accommodate the logistical needs and technical dependencies of exchanges, validators, and a wider ecosystem of collaborators. The preparation phase for token merger includes managing complex integrations, careful coordination, and attention to various components. These third-party dependencies are crucial for the smooth execution of the token merger process, ensuring that all stakeholders' needs are fully met. The existing FET, AGIX, and OCEAN tokens will continue to be traded independently on exchanges. Once the third-party integration is completed, the ASI token will be launched, and FET, AGIX, and OCEAN will cease independent trading and merge into the ASI token.

Golden Finance reported that Fetch.ai, SingularityNET, and Ocean Protocol (Artificial Superintelligence Alliance, ASI) announced the completion of their merger in June this year. The aim is to utilize the new ASI token to create the largest decentralized network for artificial intelligence. From June 11, 2024, FET will be renamed as ASI, and the merger will be completed on June 13. The ASI token will operate throughout the network, providing significant scalability and powerful functionality.