PAAL AI Withdraws from Merger Proposal with ASI Alliance

PAAL AI has announced its decision to withdraw from its proposed merger with ASI Alliance, citing community feedback and council discussions as central to this decision. PAAL emphasized that, after assessing community sentiment, they deemed a vote on the merger unnecessary. The organization reaffirms its dedication to advancing AI technology and enhancing cryptocurrency adoption, aligning with ASI Alliance’s core values.

• PAAL AI halts merger proposal with ASI Alliance after consulting with communities and councils.
• Decision prioritizes community interests and avoids an unnecessary voting process.
• PAAL will continue to explore collaborative synergies with ASI Alliance.

$PAAL had fallen by a massive $0.30 to $0.09 after the news of the merger broke out, showing the community’s discontent.

Community-Centric Approach and Moving Forward

PAAL acknowledged the community’s active engagement and passion, which guided its decision to halt the merger. The organization expressed regret over any miscommunication or timing missteps, reaffirming its commitment to serving community interests. “Our intentions have always been to act in the best interest of our communities,” PAAL stated. The organization plans to learn from this experience to improve future communications and strategies.

Some community responses