The ASI Merge: All you need to know

ASI Merge: Uniting Fetch.ai, Ocean Protocol, and SingularityNET

The much-anticipated ASI merge of Fetch.ai, Ocean Protocol, and SingularityNET into the Artificial Superintelligence Alliance (ASI) is set to revolutionize the decentralized AI ecosystem. This integration will streamline operations, enhance interoperability, and position ASI as a leading force in decentralized AI. Here’s an in-depth look at this significant transition.

Phase I: Initial Integration and Rebranding

Key Actions and Timeline

July 1, 2024:

• Token Merge: AGIX and OCEAN will temporarily merge into FET under the ASI banner.
• Rebranding: The project will be rebranded across major platforms as the Artificial Superintelligence Alliance.
• Market Continuity: FET trading will continue uninterrupted, ensuring market stability.

Migration Process:

• Deposits and Withdrawals: AGIX and OCEAN deposits and withdrawals will halt in preparation for migration.
• Conversion: Migration contracts for converting AGIX and OCEAN to FET will be available on the SingularityDAO dApp.
• Automatic Conversion: Exchange-held tokens on platforms like Binance will be automatically converted to FET and subsequently to ASI.

Phase II: Community Onboarding and Network Upgrade

Focus Areas

Community Engagement:

• Self-Custody Holders: Priority access for those who self-custody their funds, ensuring a smooth onboarding process.
• Scam Awareness: Vigilance against scams, emphasizing that no private information will be required.

Network Enhancements:

• ASI Token Deployment: Introduction of ASI tokens across various blockchains.
• Network Upgrade: Fetch.ai network will upgrade to the ASI network, incorporating advanced performance, security, and scalability features.

Conversion Contracts:

• Supported Wallets: Compatibility with major software and hardware wallets, with easy-to-follow conversion processes.
• Extended Conversion Window: No immediate pressure to convert, with a long-term window for transitioning.

Ensuring a Seamless Migration

Supported Platforms and Exchanges

• Official Conversion Portals: Only official tools will be used for conversion, minimizing risks.
• Exchange Collaboration: Efforts to ensure widespread support from various exchanges for a seamless transition.

Conversion Rates:

• AGIX to ASI: 1 AGIX = 0.433350 ASI
• OCEAN to ASI: 1 OCEAN = 0.433226 ASI
• FET to ASI: 1 FET = 1 ASI

Coinbase Issue

Coinbase has decided not to support the upcoming migration of the Artificial Superintelligence Alliance (ASI) for its users, which involves a $7.5 billion token merger between AI protocols SingularityNet, Fetch.ai, and Ocean Protocol.

Crypto service providers supporting this process will automatically convert users’ token holdings on the specified day. However, Coinbase has opted out, stating, “Coinbase will not execute the migration of these assets on behalf of users.”

As an alternative, Coinbase will continue to allow FET and OCEAN trades until further notice and has provided a workaround for users:

“Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.”

Conclusion: The Future of ASI

The ASI token merger signifies a major leap forward for decentralized AI, combining the strengths of Fetch.ai, Ocean Protocol, and SingularityNET. This strategic merger aims to create a robust, interconnected ecosystem that fosters innovation and adoption of advanced AI technologies in a decentralized framework. Stay informed and engaged through official channels to navigate this transition confidently and seamlessly.

Stay Updated

• Official Websites: superintelligence.io, fetch.ai, oceanprotocol.com, singularitynet.io
• Social Media: Follow the ASI, Fetch.ai, Ocean Protocol, and SingularityNET across social platforms.
• Community Engagement: Participate in AMAs and community calls for real-time updates.

By understanding these key aspects, you can navigate the ASI token merger with confidence and make informed decisions. This collaborative effort will pave the way for a more robust and innovative future for decentralized AI.

Here’s our video on the same (with some old data and dates) if you are a visual learner –