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Artificial intelligence has many altcoins, but only a few are popular. These are taking a significant step. Three AI altcoins announced a critical date for their merger. This move may increase interest in popular alternatives like RNDR Coin. However, the merger of three major tokens is likely to trigger speculative price movements.
FET, AGIX, and OCEAN News
On June 13, the Artificial Superintelligence Alliance (ASI) merger will be completed. We had previously announced this as breaking news. The projects, which made this decision a while ago, have completed their internal approvals. The recent announcement states:
“The world’s first decentralized Artificial Intelligence (AI) network SingularityNET (SNET), a Web3 platform for the new AI economy Fetchai, and a decentralized data exchange platform to protect data Ocean Protocol, today announced that the Artificial Superintelligence Alliance (ASI) merger will be completed on June 13. The newly merged $ASI token represents the largest open-source, decentralized network focused on the AI industry.”
Some important details can be summarized as follows:
- As of June 11, 2024, FET Coin will be renamed ASI.
- The merger will be completed on June 13.
- On June 13, AGIX and OCEAN will also follow FET Coin.
So, what will be the conversion rates for the tokens?
- FET will be renamed ASI at a 1:1 ratio with a total supply of 2.63 billion tokens.
- AGIX tokens will convert to 0.433350 ASI Coin for each token.
- OCEAN will convert at a ratio of 0.433226. In other words, roughly FET will be 1:1, and the others will be 0.433:1.
