SingularityNET (AGIX) has officially announced the final date for the merger of the Alliance of Artificial Super Intelligence (ASI) tokens with Fetch.ai and Ocean Protocol. The merger will begin on June 11, unifying under one decentralized artificial intelligence (AI) network, with FET being renamed ASI, and completed on June 13.
For FET, AGIX, and OCEAN token holders, the merger will involve converting these tokens to ASI tokens at a specific exchange rate.
FET tokens 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.
The ERC-20 token will be launched on June 11, and users will be able to exchange FET for ASI tokens through the token migration contract, followed by the exchange of AGIX and OCEAN tokens on June 13.
The migration process will be carried out on SingularityNET's decentralized artificial intelligence platform, and users can redeem tokens using the audited token migration contract provided by SingularityNET. (Cointelegraph)