- The ASI Token Merger has been launched, consolidating AGIX and OCEAN tokens into FET within the first part.
- A big whale transaction transformed $7.5 million from AGIX and OCEAN to FET.
- Some exchanges have eliminated the AGIX and OCEAN exchanges, whereas Coinbase gives customers the choice of handbook migration.
The Alliance for Synthetic Tremendous Intelligence (ASI) has launched its bold $7.5 billion token merger, which started with the consolidation of SingularityNET (AGIX) and Ocean Protocol (OCEAN) tokens into Fetch.ai's FET token.
This preliminary part has already been confirmed by on-chain exercise, signaling a significant shift in AI cryptocurrencies.
The Alliance for Synthetic Superintelligence (ASI) has launched its extremely anticipated token merger, beginning with the consolidation of two AI token initiatives: SingularityNET (AGIX) and Ocean Protocol (OCEAN).
Based on a put up on X by analytics platform Scopescan, there was a major whale transaction the place 8 million AGIX tokens and 4.8 million OCEAN cash have been transformed into 5.6 million FET value $7.5 million. The ensuing FET tokens have been then deposited on the Bitget change.
Notably, this consolidation was initially scheduled for June thirteenth, however was delayed till July fifteenth to permit sufficient time to deal with the technical necessities of exchanges, validators, and different ecosystem companions. The preliminary phases at the moment are underway.
The current growth the place the AGIX and OCEAN tokens merged into the FET token led to the widespread removing of the unique tokens from cryptocurrency exchanges.
Nevertheless, not all exchanges have determined to help merging for his or her customers. US-based Coinbase is amongst people who selected to not implement an computerized conversion mechanism for consumer tokens.
In a earlier replace, Coinbase introduced that FET and OCEAN buying and selling will proceed on their platform till additional discover. Customers who need to manually migrate their funds to FET can use the answer.
Information aggregators and exchanges can facilitate the migration of ASI tokens by SingularityDAO, a newly launched migration platform. Within the first part, AGIX tokens shall be exchanged for FET at a ratio of 1 AGIX to 0.43335 FET. Within the subsequent part, FET tokens shall be transformed to ASI and launched throughout a number of blockchain networks.
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