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- OCEAN = 0.433226 FET; AGIX = 0.433350 FET.
- FET/USDC down 4.28%; FET/BTC and FET/BNB up.
- OCEAN and AGIX withdrawals are stopped.
Binance has accomplished the merger of three outstanding AI tokens – Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) – right into a single token underneath the banner, Synthetic Superintelligence Alliance. This transfer, geared toward fostering innovation in AI and blockchain know-how, permits customers to deposit and withdraw the unified FET token and streamlines the operations of those previously separate initiatives.
“Binance has accomplished the OCEAN and AGIX token merge to FET utilizing the brand new venture title Synthetic Superintelligence Alliance. Deposits and withdrawals for the FET tokens at the moment are open.”
In accordance with the announcement, customers can convert OCEAN and AGIX tokens to FET tokens via Binance’s convert perform on the following charges:
– 1 OCEAN = 0.433226 FET
– 1 AGIX = 0.433350 FET
Nevertheless, withdrawals for OCEAN and AGIX will now not be obtainable after the merge.
Market response to the merger has been combined. The FET/USDC buying and selling pair skilled fluctuations, dropping 4.28% to presently commerce at $1.163. Conversely, FET/BTC and FET/BNB pairs noticed slight beneficial properties of 0.57% and 4.64%, respectively.
Total, Fetch.AI’s FET has garnered vital consideration from each retail and institutional traders, with a noticeable improve in lively addresses.
Information platform Santiment lately noticed that the sudden community progress was primarily pushed by FOMO (concern of lacking out) and is probably going short-lived. The token merger, initially deliberate for June, was postponed to July, with market consultants warning of potential FET token volatility till then.
The token merge is a part of Binance’s broader plan to innovate and supply a seamless buying and selling expertise for its customers. The Synthetic Superintelligence Alliance represents a strategic alignment of the three initiatives, probably resulting in additional developments in synthetic intelligence and blockchain know-how.
Customers are suggested to watch official Binance bulletins for added info.
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