{"id":83159,"date":"2024-07-01T10:17:14","date_gmt":"2024-07-01T14:17:14","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83159"},"modified":"2024-07-01T10:19:04","modified_gmt":"2024-07-01T14:19:04","slug":"asi-alerts-users-as-phase-1-token-migration-begins","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/asi-alerts-users-as-phase-1-token-migration-begins\/","title":{"rendered":"ASI Alerts Users as Phase 1 Token Migration Begins"},"content":{"rendered":"\n

Fetch AI merges AGIX<\/a> and OCEAN into FET for Phase 1 of ASI token migration. Users alerted as exchanges delist tokens and balances temporarily affected.<\/p>\n\n\n\n

\"ASI<\/figure>\n\n\n\n

The ASI token merger has launched, with Phase 1 currently ongoing. This development has resulted in a user alert concerning the ongoing token migrations.<\/p>\n\n\n\n

Exchanges have initiated the delisting of AGIX and OCEAN tokens<\/a> as part of this transition, which may have a temporary impact on user balances.<\/p>\n\n\n\n

The procedure entails the conversion of SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch AI's FET.<\/p>\n\n\n\n

FET holders have been assured by Fetch AI that they are not required to take any immediate action during this network upgrade, as the process is being managed automatically.<\/p>\n\n\n\n

Migration Details and Exchange Actions<\/h2>\n\n\n\n

Fetch AI\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> launched Phase 1 of its ASI token merger commenced today.<\/p>\n\n\n\n

This phase focuses on enrolling exchanges and data aggregators to enable a smooth transition.<\/p>\n\n\n\n

Notably, Fetch AI has earlier advised that, “There will be no need to rush,” as the initial focus will be on laying the groundwork for the rebranding.<\/p>\n\n\n\n

This phase involves the integration of SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch AI's FET token.<\/p>\n\n\n\n

With the conversion of 1,780,753.42 AGIX to 771,689.49 FET and 336,445.31 OCEAN to 145,756.86 FET, the migration has already made progress.<\/p>\n\n\n\n

Fetch AI has announced that during this network upgrade, holders and stakeholder assets on its mainnet would be automatically converted to ASI, marking a significant step forward in the development of Fetch AI's blockchain ecosystem.<\/p>\n\n\n\n

In response to the migration, exchanges have initiated the process of delisting AGIX and OCEAN tokens.<\/p>\n\n\n\n

Fetch AI is collaborating with all relevant parties to guarantee a seamless migration process, despite the possibility that users may observe transient fluctuations in their balances.<\/p>\n\n\n\n

Upon completion, user balances will reappear as FET.<\/p>\n\n\n\n

The trading of FETs on participating exchanges continues uninterrupted despite these changes.<\/p>\n\n\n\n

The rebranding process has commenced, which includes the closure of AGIX and OCEAN deposits, as well as the updating of project names and logos.<\/p>\n\n\n\n

Artificial Superintelligence Alliance (FET) Market Performance<\/h2>\n\n\n\n

As of the most recent update, the price of Artificial Superintelligence Alliance (FET) is $1.40, with a 24-hour trading volume of $193.2 Million.<\/p>\n\n\n\n

The current value of the open interest in FET is $48.1 Million, which has increased by 4.69% over the past 24 hours. <\/p>\n\n\n\n

Moreover, this indicates a high probability of future interest growth as a\u00a0result of the migration process.<\/p>\n\n\n\n

\"ASI<\/figure>\n\n\n\n

Despite the increasing open interest, FET's price has fallen 0.94% in the last 24 hours and 4.17% in the last week.<\/p>\n\n\n\n

With a circulating supply of 2.5 billion FET, Artificial Superintelligence Alliance has a market valuation of $3.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fetch AI merges AGIX and OCEAN into FET for Phase 1 of ASI token migration. Users alerted as exchanges delist tokens and balances temporarily affected. The ASI token merger has launched, with Phase 1 currently ongoing. This development has resulted in a user alert concerning the ongoing token migrations. Exchanges have initiated the delisting of […]<\/p>\n","protected":false},"author":56,"featured_media":83206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18817,20328,20329,20330],"class_list":["post-83159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai-coins","tag-fetch-ai-fet","tag-ocean-protocol-ocean","tag-singularitynet-agix"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/ASI-Alerts-Users-as-Phase-1-Token-Migration-Begins.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83159","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\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83159"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83206"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}