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How ASI’s merger affects Fetch.ai, SingularityNET, and Ocean Protocol

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On July 1, the ASI alliance will initiate the merger of OCEAN and AGIX into FET. How will the markets react?

The merger will unfold in two phases. The first phase, beginning on the 1st of July, will consolidate AGIX and OCEAN tokens into the existing FET token.

They will delist AGIX and OCEAN tokens, replacing them with the ASI token. Users holding these tokens on exchanges will no longer be able to deposit them, with only FET deposits remaining active.Conversion rates for the merger have been set. 1 FET will remain equal to 1 ASI, while 1 OCEAN will convert to 0.433226 ASI and 1 AGIX to 0.433350 ASI.

The ASI token merger is anticipated to generate a positive ripple effect throughout the crypto community, particularly for AI-focused tokens. However, some potential roadblocks exist.Coinbase, a major cryptocurrency exchange, has opted out of facilitating the automatic token migration for its users.

 

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