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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)