{"id":81301,"date":"2024-06-14T12:21:46","date_gmt":"2024-06-14T16:21:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81301"},"modified":"2024-06-14T12:21:48","modified_gmt":"2024-06-14T16:21:48","slug":"binance-to-launch-asi-tokentrading-ahead-of-fet-and-others","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-to-launch-asi-tokentrading-ahead-of-fet-and-others\/","title":{"rendered":"Binance To Launch ASI TokenTrading Ahead Of FET, And Others"},"content":{"rendered":"\n<p>Binance is set to launch the new <a href=\"https:\/\/coinscreed.com\/staging\/integrating-ai-and-machine-learning-in-web3-dapp-solutions.html\">Artificial Superintelligence<\/a> (ASI) token trading on July 5, before the merger of FET, OCEAN, and AGIX.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-1024x576.jpeg\" alt=\"Binance To Launch ASI TokenTrading Ahead Of FET, And Others\" class=\"wp-image-81220\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-1024x576.jpeg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-300x169.jpeg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-768x432.jpeg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-750x422.jpeg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain-1140x641.jpeg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain.jpeg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em><span style=\"text-decoration: underline\">Binance To Launch ASI TokenTrading Ahead Of FET, And Others<\/span><\/em><\/figcaption><\/figure>\n\n\n\n<p>Trading will shortly commence with the new Artificial Superintelligence (ASI) token on July 5, in anticipation of the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and <a href=\"https:\/\/coinscreed.com\/staging\/singularitynet-agix-holders-backs-asi-alliance.html\">SingularityNET (AGIX)<\/a>. This announcement has garnered significant attention, as Binance has elected to list the token before the merger's conclusion.<\/p>\n\n\n\n<p>To provide context, the Artificial Superintelligence Alliance intends to implement a seamless integration of these AI-focused cryptocurrencies on July 5.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Introduction of ASI token trading<\/strong><\/h3>\n\n\n\n<p>The decision by <a href=\"https:\/\/www.binance.com\/en-NG\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Binance<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> to support the upcoming ASI token, which is the result of the merger of FET, OCEAN, and AGIX, is a significant milestone in the evolution of AI cryptocurrencies. The ASI token merger, initially scheduled for June 13, has been rescheduled for July 15. This is particularly noteworthy.<br>Nevertheless, the ASI token trading will commence on July 5, before the merger date that the ASI team has announced, as per a recent announcement from Binance. Binance has provided a comprehensive update on the technical aspects of this merger in its announcement.<\/p>\n\n\n\n<p>In anticipation of the merger, Binance will suspend deposits and withdrawals for FET, OCEAN, and AGIX on July 1. The crypto exchange said it will manage all technical requirements to guarantee users a seamless transition to the ASI token.<\/p>\n\n\n\n<p>Additionally, the announcement specifies that the FET, OCEAN, and AGIX trading pairs will be delisted, and all associated orders will be promptly removed. It is imperative to emphasize that the tokens' conversion ratios are predetermined:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1 ASI will be equivalent to one FET.<\/li>\n\n\n\n<li>1 OCEAN will be converted to 0.433226 ASI.<\/li>\n\n\n\n<li>1 AGIX will be converted to 0.433350 ASI.<\/li>\n<\/ul>\n\n\n\n<p>The strategic alignment and current valuations within the Artificial Superintelligence Alliance are reflected in these ratios. After the merger, Binance will reopen deposits and withdrawals for ASI, thereby phasing out the initial tokens from the platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Closer Examination of Report<\/strong><\/h3>\n\n\n\n<p>From July 5, the ASI token will be accessible for trading against various pairings on Binance, such as BNB, BTC, BRL, FDUSD, TRY, USDC, and USDT. This disparate selection of pairs aims to offer traders various opportunities to utilize the new token across multiple market scenarios.<\/p>\n\n\n\n<p>In addition, Binance has announced its intention to delist and resolve all futures contracts associated with FET, OCEAN, and AGIX by June 25. This action is intended to mitigate risks during the transition phase. The crypto exchange will delist all relevant cross and isolated margin pairs for FET, OCEAN, and AGIX for margin traders by June 26.<\/p>\n\n\n\n<p>It is important to note that Binance has recommended that users either close or transfer their positions to prevent potential losses during the delisting process. Additionally, all outstanding loan positions and flexible earn products associated with these tokens will be closed and automatically converted to ASI.<\/p>\n\n\n\n<p>The merger and introduction of ASI exemplifies the consolidation and technological integration of the cryptocurrency industry. The Artificial Superintelligence Alliance endeavors to improve the functionality and marketability of <a href=\"https:\/\/coinscreed.com\/staging\/the-future-of-crowdfunding-with-blockchain-and-cryptocurrencies.html\">AI currencies<\/a> by uniting FET, OCEAN, and AGIX under a single ASI token.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/06\/FET-14-06-24-768x542.png\" alt=\"FET Price\" \/><figcaption class=\"wp-element-caption\"><em>FET Price<\/em><\/figcaption><\/figure>\n\n\n\n<p>Regarding the prices of these cryptos, the price of FET decreased by 2.39% and was traded at $1.60, while the price of OCEAN decreased by 2.87% to $0.6793. These tokens have experienced a loss of 21.30 and 22.31% in the past seven days, respectively.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/06\/OCEAN-14-06-24-768x541.png\" alt=\"OCEAN Price\" \/><figcaption class=\"wp-element-caption\"><em>OCEAN Price<\/em><\/figcaption><\/figure>\n\n\n\n<p>At the same time, the trading volume of AGIX decreased by 14% to $76.16 million, and the stock price fell by 2.44% in the past 24 hours.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/06\/AGIX-14-06-24-768x543.png\" alt=\"AGIX Price\" \/><figcaption class=\"wp-element-caption\"><em>AGIX Price<\/em><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance is set to launch the new Artificial Superintelligence (ASI) token trading on July 5, before the merger of FET, OCEAN, and AGIX. Trading will shortly commence with the new Artificial Superintelligence (ASI) token on July 5, in anticipation of the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). This announcement has garnered [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":81220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[20002,20003,326,20001,17398],"class_list":["post-81301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-agix","tag-asi-token","tag-binance","tag-fet","tag-ocean"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/bnbchain.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81301"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81220"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}