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Odaily Planet News reported that SingularityDAO announced today at 23:00 that FET will initiate the first phase of the ASI token merger plan with AGIX & OCEAN.
Earlier, the Artificial Superintelligence Alliance announced significant progress and updates regarding the merger of ASI tokens.
The first phase is scheduled to be implemented on July 1, 2024. Deposits and withdrawals of AGIX and Ocean will be closed across exchanges to prepare for the migration process, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET is open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET.
The second phase is the cross-chain deployment of ASI tokens, the FET network upgrades to the ASI network, the migration contracts from FET, AGIX, OCEAN to ASI are open, the EVM and other bridges are open, and the trading platform begins to migrate from FET to ASI spot market.