- As of the first day of July the ASI merger is combining OCEAN, AGIX and FET.
- Prices of OCEAN and FET have dropped dramatically.
It is the 26th day of June. Fetch.ai [FET] ASI announced that it would merge with Ocean Protocol [OCEAN] You can also find out more about the following: SingularityNET [AGIX]. This process is divided into two phases and will start on July 1.
ASI merger unites AI tokens
Two phases will govern the merger. First, on July 1, AGIX tokens and OCEAN tokens will be merged into FET.
This first integration laid the foundations for the wider adoption of ASI in the crypto ecosystem.
Crypto exchanges like Binance [BNB] Data aggregators such as CoinMarketCap or CoinGecko are crucial in capturing this merger.
The ASI token will replace the AGIX token and OCEAN token. These tokens are no longer available for users to deposit, only FET will remain active.
The main focus of this phase is to integrate exchanges and platforms for data into the ASI’s new identity.
The conversion rates have been determined for this merger. The conversion rates for the merger have been set.
The second phase, which is expected to begin around the middle of July, will be devoted to expanding ASI’s reach. The wider crypto community will be onboarded and ASI deployed across multiple blockchains.
It is expected that the ASI token merge will have a positive impact on all of crypto, especially tokens focused on AI. There are some roadblocks.
Coinbase opens its doors to users own You can also find out more about the way to get in touch with us.
Coinbase, one of the largest cryptocurrency exchanges, decided not to allow its users an automatic token transfer.
Coinbase continues to support OCEAN/FET trading, but users must perform their own migration through self-custody Wallets.
The conversion of the currency will be handled by other exchanges.
Despite the fact that Coinbase has a limited involvement in this merger, it will continue to allow trading of OCEAN, FET, and self-custodial transfers.
Several exchanges have also confirmed their support, such as Bitfinex, HTX Bitget Binance and KuCoin.
Here are some realistic or non-realistic examples. FET’s market cap in BTC’s terms
The affected tokens, AGIX and OCEAN will be converted to FET by these exchanges on the first or second of July.
FET had dropped 4% by the time of press in the past 24 hours. OCEAN’s price fell by 5.07% over the same period.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: ambcrypto.com