{"id":83299,"date":"2024-07-02T16:53:39","date_gmt":"2024-07-02T20:53:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83299"},"modified":"2024-07-02T16:53:44","modified_gmt":"2024-07-02T20:53:44","slug":"bybit-exchange-announces-support-for-asi-alliance","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bybit-exchange-announces-support-for-asi-alliance\/","title":{"rendered":"Bybit Exchange Announces Support For ASI Alliance"},"content":{"rendered":"\n

Bybit Exchange has unveiled its support for the Artificial Super Intelligence (ASI) alliance<\/a>, positioning FET for a price rebound.<\/p>\n\n\n\n

\"Bybit
Bybit Exchange Announces Support For ASI Alliance<\/span><\/em><\/figcaption><\/figure>\n\n\n\n

Bybit Exchange has announced its endorsement of the ASI Alliance, which results from the long-awaited merger of Fetch.ai, Ocean Protocol, and SingularityNET.<\/p>\n\n\n\n

Diverse Perspectives on ASI Alliance <\/strong><\/h3>\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>, one of the primary projects engaged in the merger, disclosed that Bybit had endorsed X, describing the development as a substantial advancement. A significant restructuring was recently implemented by Bybit, which caused concern among crypto enthusiasts. Maintaining its industry relevance may necessitate its endorsement of the ASI token merger.<\/p>\n\n\n\n

\n

We\u2019re happy to announce that @Bybit_Official<\/use><\/svg><\/span><\/a> will support the upcoming $ASI<\/use><\/svg><\/span><\/a> token merge! Thank you, Bybit, for your support in this significant step forward towards #ArtificialSuperIntelligence<\/use><\/svg><\/span><\/a> \u2728<\/p>\n\n\n\n

Learn more here????https:\/\/t.co\/zqUM7VL9CC<\/use><\/svg><\/span><\/a><\/p>\n\n\n\n

\u2014 Fetch.ai (@Fetch_ai) July 2, 2024<\/use><\/svg><\/span><\/a><\/p>\n<\/blockquote>\n\n\n\n


It is important to note that Bybit's most recent support for the Artificial Superintelligence Alliance (ASI) merger is a mere few days after Coinbase, an American cryptocurrency exchange, withdrew its support. Coinbase informed its users that they would be required to perform the transition independently, utilizing their wallets.<\/p>\n\n\n\n

Once the migration commences, users can migrate their OCEAN and FET to ASI by utilizing a standalone wallet, such as Coinbase Wallet<\/a>. The exchange declared that the ASI Token Merger will be compatible with all leading software wallets.<\/p>\n\n\n\n

The ASI token merger, which entails the integration of OCEAN and AGIX into FET, was eventually implemented on July 1, following a postponement of the event. This integration aims to guarantee a seamless transition on prominent listing platforms, including CoinMarketCap and CoinGecko. The tokens experienced no disruption in FET trading despite these actions.
The introduction of the ASI token precipitated the delisting of AGIX and OCEAN from exchanges. A migration platform will be opened on the SingularityDAO<\/a> decentralized application (dApp), and FET deposits and trading will continue without any changes.<\/p>\n\n\n\n

FET is currently trading at $1.34, representing a 1.63% decrease in value, indicating that the merger has not yet impacted the token's price. Nevertheless, the Bybit support, in light of the exchange's current position in the industry, has the potential to stimulate a significant growth surge.<\/p>\n\n\n\n

Merger of ASI Tokens in Two Phases<\/strong><\/h3>\n\n\n\n

It is essential to mention that the merger is divided into two phases. The initial phase involves the assimilation of the other two tokens into FET and a future transition to ASI. Fetch AI informed its users that the network would be temporarily turned down before the transition. This is a component of the upgrade's measures. In addition, it guaranteed that their assets would be promptly converted to the new ASI token.<\/p>\n\n\n\n

The second phase will concentrate on deploying ASI tokens and community engagement. In this second phase, it is verified that it will prioritize a specific group of holders. These holders deploy ASI tokens across multiple chains and self-custody their tokens. It also encompasses individuals who introduce new migration contracts to Fetch AI enhancements to ASI.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bybit Exchange has unveiled its support for the Artificial Super Intelligence (ASI) alliance, positioning FET for a price rebound. Bybit Exchange has announced its endorsement of the ASI Alliance, which results from the long-awaited merger of Fetch.ai, Ocean Protocol, and SingularityNET. Diverse Perspectives on ASI Alliance Fetch.ai , one of the primary projects engaged in […]<\/p>\n","protected":false},"author":59,"featured_media":80888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[662,20001],"class_list":["post-83299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bybit","tag-fet"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/image-9.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83299","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=83299"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80888"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}