The much-anticipated token merger of the Artificial Superintelligence Alliance (comprising Fetch.ai, SingularityNET, and Ocean Protocol) has been rescheduled. Originally set for June 13, 2024, the alliance will now unify their tokens under the ASI banner on July 15, 2024.
This shift allows partners additional time to ensure a smooth transition for all token holders. The new ASI token aims to become the leading open-source, decentralized network in the AI industry.
The token merger was delayed because of the technical complexities and the management of logistics. The Alliance team is actively engaged in coordinating with centralized exchanges, validators, and other ecosystem partners to complete third-party dependencies.
Token holders of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are assured that no immediate action is required on their part. Until the new ASI token is launched on July 15, 2024, FET, AGIX, and OCEAN will continue to trade independently on exchanges. Once the ASI token is live, these tokens will cease to trade independently and merge into the ASI token.
Humayun Sheikh, CEO of Fetch.ai and Chairman of the Artificial Superintelligence Alliance, emphasized the continued commitment and vision of the Alliance despite the delay.
Ben Goertzel, founder and CEO of SingularityNET also echoed similar sentiments of Sheikh where he said that the delay has been made purposely to come up with the best solution to the three-way tokenomic merger.
Also Read: SingularityNET Announces ASI Token Merger with Key Dates Set
