Binance, the world’s largest cryptocurrency exchange, has announced its full support for the merger of Fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN) tokens into the new Artificial Superintelligence (ASI) token. The merger date was postponed from June 13 to July 15, 2024, to ensure that logistical and technical readiness across the exchange is achieved.
Effective July 1, 2024, Binance will suspend all deposits and withdrawals of FET, AGIX, and OCEAN tokens to facilitate the merger. Users are advised to complete any pending transactions before this date. After the merger, deposits and withdrawals of the new ASI token will be opened, and transactions involving FET, AGIX, and OCEAN will no longer be supported.
Spot trading for FET/AGIX/OCEAN pairs will cease on July 1, 2024, and will resume as ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT pairs on July 5, 2024. Binance Futures will close all positions for FETUSDT, OCEANUSDT, and AGIXUSDT perpetual contracts on June 25, 2024, with the contracts being delisted thereafter.
All FET tokens will be converted to ASI tokens at a ratio of 1:1. For AGIX and OCEAN tokens, the conversion ratios are 0.433350 ASI for AGIX and 0.433226 ASI for OCEAN. Binance will manage all technical aspects of the conversion process to ensure a smooth transition for users.
Also Read: Artificial Superintelligence Alliance Token Merger Postponed
