Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) merger!

06/27/2024, 11:07 AM

Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) merger!

Bitcoin Store will support the merger of FET, OCEAN, and AGIX into a new project called Artificial Superintelligence (Ticker: $ASI).

Cryptocurrency projects that combine blockchain with artificial intelligence (AI) — Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) — have decided to join forces and launch a completely new platform named The Artificial Superintelligence Alliance.

Recently, The Artificial Superintelligence Alliance approved the merger of these three projects into a brand-new platform, which will be called Artificial Superintelligence.

The platform will have its own blockchain network and a new token with the ticker: $ASI.

This new token will replace FET, OCEAN, and AGIX.

Bitcoin Store will support the merging of these projects and list the new ASI token.

The upgrade will occur in two phases.

Phase 1: Before $ASI replaces the three cryptocurrencies, OCEAN and AGIX will be converted into FET.

Phase 2: After the Artificial Superintelligence network launches, FET will be converted into ASI.

Merger and Token Conversion Details

Phase 1

The AGIX token is listed in the Bitcoin Store offer and will temporarily take on the FET ticker.

*Note: OCEAN cryptocurrency is not available in the Bitcoin Store offer.

According to the Artificial Superintelligence platform documents, all OCEAN and AGIX tokens will be exchanged for FET at the following ratios:

OCEAN = 0.433226 FET

AGIX = 0.433350 FET.

You can follow the conversion rules on the official site: Fetch.ai Blog

Phase 2

The FET network will be upgraded and prepared for the transition to the Artificial Superintelligence (ASI) network.

Once the $ASI cryptocurrency launches on the Artificial Superintelligence blockchain network, the exchange of FET tokens to ASI will begin.

FET will be exchanged for ASI at the following ratio:

  1. FET = 1 ASI

Important Information for Bitcoin Store Users

Deposits and Withdrawals

Deposits and withdrawals of SingularityNET (AGIX) tokens will be suspended on July 1st at 5:30 AM (CEST).

Please leave enough time to process your AGIX deposits before this time.

After the event concludes, deposits and withdrawals of AGIX tokens will no longer be supported.

Bitcoin Store will handle all technical requirements for users involved in this event.

Note: *No action is required on your part.