Key Points
- $ASI token countdown has begun with the merger of $FET, $AGIX, $OCEAN set to complete on June 13.
- ASI Alliance team reveals why this matters and the key benefits for the future of decentralized AI.
The merger of AI-focused protocols Fetch.ai, SingularityNET, and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI) will be completed on June 13.
The team at ASI Alliance shared a post via their X account, highlighting that the countdown has begun for one unified token – ASI.
Why it matters
ASI Alliance highlighted the reasons why this move is important:
- Unprecedented scale and power: the ASI token will operate across the newly combined decentralized AI network, being the largest open-sourced AI initiative.
- Enhanced token utility: the end result is a versatile token that integrates the strengths of three leading AI projects.
- Decentralized Superintelligence: the movement is aimed at challenging Big Tech’s dominance and promoting ethical AI development.
Key benefits of the merger
The team at ASI Alliance also highlighted the most important benefits of this event:
- Seamless transition: ERC20 tokens will be available for swapping FET, AGIX, and OCEAN to ASI via a secure and audited migration contract.
- Community-driven: more than 200,000 token holders will contribute to a decentralized future.
- Strategic vision: the development of AGI is set to reach new rights, paving the way towards superintelligence.
Important additional details
The team at ASI Alliance also shared the important dates that users will have to watch.
- On June 11, FET is remanded ASI and the migration bridge opens for FET tokens.
- On June 13, the token merger completes, and the migration bridge for AGIX and OCEAN tokens opens.
ASI Alliance also noted that users will have to keep an eye out for more announcements, and ensure that the tokens are ready for the swap.
Also, in order to secure the ASI tokens, users will have to participate in the migration process.
The $ASI token merger promises to pave the way for decentralized AI and contribute to the world with AI innovation that is ethical, inclusive, and powerful, according to the team’s message on X.
ASI Alliance also announced that the $FET, $AGIX, and $OCEAN AI Staking Launchpad v1.0 is now live.
