The Convergence of AI and Blockchain
The landscape of digital assets is undergoing a significant transformation with the formation of the Artificial Superintelligence (ASI) Alliance. This historic merger brings together three powerhouse protocols: Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). For investors and token holders, understanding the mechanics of this merger is crucial for a smooth transition to the new ASI token.
Understanding the Token Conversion Rates
The merger unifies the utility of these networks under a single ticker: ASI. The conversion rates have been fixed to ensure value parity based on the pre-merger valuation snapshots. The FET token serves as the benchmark currency for this alliance.
The finalized swap ratios are as follows:
- Fetch.ai (FET): Swaps to ASI at a 1:1 ratio. If you hold 100 FET, you will receive 100 ASI.
- SingularityNET (AGIX): Swaps to ASI at an approximate ratio of 1 : 0.433350. If you hold 100 AGIX, you will receive approximately 43.33 ASI.
Execution Guide: How to Swap
The method for converting your holdings depends entirely on where your assets are currently stored. The process has been designed to be as frictionless as possible for the majority of users.
1. Centralized Exchanges (CEX)
If your FET or AGIX tokens are held on major centralized exchanges (such as Binance, Kraken, or Coinbase), the process is largely automated. Most exchanges will handle the ticker change and token conversion on behalf of their users.
- Action Required: Generally, no action is required. However, always review official announcements from your specific exchange regarding delisting and relisting dates to ensure compliance.
2. Self-Custody Wallets
For those holding tokens in non-custodial wallets (like MetaMask, Trust Wallet, or hardware wallets like Ledger), the process requires manual interaction via the official token migration mechanism.
- Action Required: You will need to connect your wallet to the official SingularityDAO dApp or the designated migration portal provided by the ASI Alliance. From there, you will sign a transaction to burn your existing tokens and mint the new ASI tokens at the predetermined ratio.
Strategic Implications
This consolidation is not merely a rebranding; it is a strategic move to create a decentralized alternative to Big Tech's dominance in AI. By pooling resources, data, and computational power, the ASI Alliance aims to accelerate the development of Artificial General Intelligence (AGI) on the blockchain.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry inherent risks. Always verify contract addresses through official channels before connecting your wallet.
