- OCEAN = 0.433226 FET; AGIX = 0.433350 FET.
- FET/USDC down 4.28%; FET/BTC and FET/BNB up.
- OCEAN and AGIX picks are stopped.
Binance has accomplished the merger of three outstanding AI tokens – Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) – right into a single token below the banner of the Synthetic Superintelligence Alliance. Geared toward fostering innovation in AI and blockchain expertise, the transfer permits customers to deposit and withdraw a single FET token and streamlines the operation of those beforehand separate initiatives.
“Binance has accomplished the merger of OCEAN and AGIX tokens into FET utilizing the brand new venture identify Synthetic Superintelligence Alliance. Deposits and withdrawals for FET tokens are actually open.”
Based on the announcement, customers can convert OCEAN and AGIX tokens to FET tokens by Binance's conversion perform on the following charges:
– 1 OCEAN = 0.433226 FET
– 1 AGIX = 0.433350 FET
Nonetheless, picks for OCEAN and AGIX will not be out there after the merger.
Market reactions to the merger have been combined. The FET/USDC buying and selling pair skilled fluctuations and fell by 4.28% to at present commerce at $1.163. Conversely, the FET/BTC and FET/BNB pairs noticed modest good points of 0.57% and 4.64%, respectively.
Total, FET Fetch.AI has acquired appreciable consideration from each retail and institutional traders, with a noticeable enhance in energetic addresses.
Knowledge platform Santiment lately famous that the sudden development of the community was primarily because of FOMO (concern of lacking out) and is more likely to be short-lived. Initially deliberate for June, the token merger was pushed again to July, with market consultants warning of potential FET token volatility till then.
The token merger is a part of Binance's broader plan to innovate and supply customers with seamless buying and selling. The Synthetic Superintelligence Alliance represents a strategic merger of three initiatives that can doubtlessly result in additional developments in synthetic intelligence and blockchain expertise.
Customers are suggested to observe Binance's official announcement for extra data.
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