{"id":83253,"date":"2024-07-02T08:11:42","date_gmt":"2024-07-02T12:11:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83253"},"modified":"2024-07-02T08:11:44","modified_gmt":"2024-07-02T12:11:44","slug":"asi-token-merger-phase-1-kicks-off-with-agix-ocean","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/asi-token-merger-phase-1-kicks-off-with-agix-ocean\/","title":{"rendered":"ASI Token Merger Phase 1 Kicks off With AGIX, OCEAN"},"content":{"rendered":"\n

The artificial Superintelligence Alliance (ASI) token merger initiated its initial phase by merging two AI tokens<\/a>: OCEAN from Ocean Protocol and AGIX from SingularityNET.<\/p>\n\n\n\n

\"ASI
ASI Token Merger Phase 1 Kicks off With AGIX, OCEAN<\/figcaption><\/figure>\n\n\n\n

Phase one of the $7.5 billion token merger saw the AI tokens merge into Fetch.ai's FET token, resulting in the widespread delisting of the former tokens on all crypto exchanges.<\/p>\n\n\n\n

ASI merger Obstacles <\/h2>\n\n\n\n

However, not all crypto exchanges favored the merger for their consumers. Coinbase declined to endorse the ASI merger and did not implement a system automatically converting users' token holdings.<\/p>\n\n\n\n

\n

Ocean (OCEAN) and https:\/\/t.co\/pOEE8X2oY0\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.<\/p>— Coinbase Assets \ud83d\udee1\ufe0f (@CoinbaseAssets) June 26, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

In the interim, FET and OCEAN trading will continue to operate on Coinbase until further notice. Coinbase has disclosed a workaround that users may employ to transfer their holdings into FET manually:<\/p>\n\n\n\n

\n

\u201cOnce the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

ASI migration alternative <\/h2>\n\n\n\n

Through the recently launched migration platform, SingularityDAO<\/use><\/svg><\/span><\/a>, crypto exchanges and data aggregators interested in supporting the migration can do so.<\/p>\n\n\n\n
\"The

The user interface of the SingularityDAO migration platform. Source: SingularityDAO<\/em><\/figcaption><\/figure>\n\n\n\n

According to the website, AGIX tokens will be converted to FET at 1 AGIX to 0.43335 FET during phase one.<\/p>\n\n\n\n

The second segment will involve the migration of FET tokens<\/a> to ASI and their subsequent launch across multiple blockchains.<\/p>\n\n\n\n

Following a three-month decline, the trading value of FET and AGIX tokens increased by over 30% on June 20.<\/p>\n\n\n\n

The anticipation of the ASI token merger incited the markets, according to Vlad Balaban, co-founder of GT Protocol, a blockchain-based AI execution protocol.<\/p>\n\n\n\n

“The merger with Ocean Protocol, intended to establish the world's largest decentralized AI ecosystem, is the cause of the over 30% increase.” “This strategic move has sparked investor enthusiasm, as they anticipate substantial advancements and market leadership in AI technology,” he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

The artificial Superintelligence Alliance (ASI) token merger initiated its initial phase by merging two AI tokens: OCEAN from Ocean Protocol and AGIX from SingularityNET. Phase one of the $7.5 billion token merger saw the AI tokens merge into Fetch.ai’s FET token, resulting in the widespread delisting of the former tokens on all crypto exchanges. ASI […]<\/p>\n","protected":false},"author":12,"featured_media":83258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[20002,20003,17398,18947],"class_list":["post-83253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-agix","tag-asi-token","tag-ocean","tag-token-merger"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/image-10.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83253","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83253"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83258"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}