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AI Alliance Merger Delayed to July 15

SingularityNET, Fetch.ai, and Ocean Protocol have today announced a revised date for the ASI token merger, moving from June 13, 2024, to July 15, 2024.
AI Alliance (ASI) Merger

The merger of leading artificial intelligence protocols Fetch.ai, SingularityNET, and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI) has been postponed from June 13 to July 15.

The ASI coin is part of the Artificial Superintelligence Alliance (ASI Alliance) project, which aims to develop decentralized Artificial General Intelligence (AGI). This alliance was formed by merging three major blockchain projects—Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—to optimize resources and accelerate the achievement of AGI. So the ASI coin is a unified version of the FET, AGIX, and OCEAN tokens.

According to a previous announcement, the three entities will merge their tokens set to begin trading on July 15. But this event announced a revised date for the ASI token merger, moving from June 13, 2024, to July 15, 2024.

Fetch.ai cited technical factors within the ecosystem as the reason for the delay. They emphasized that this postponement ensures a smooth transition to the ASI network and the new token.

Voting on the proposal took place from April 2 to April 16. If approved by each community, FET will be converted to ASI with a total supply of 2.63 billion tokens and an initial price of $2.82. AGIX and OCEAN will be converted to ASI at exchange rates of 0.43335:1 and 0.433226:1, respectively.

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