ASI Token Merger: What You Must Know Earlier than July 1st

• The ASI token merger will consolidate AGIX, OCEAN, and FET tokens right into a unified ASI token beginning on July 1, 2024.
• Fetch.ai warns the group to be cautious of scams and solely belief official sources throughout the ASI token migration.
• Holders on centralized exchanges like Binance needn’t take motion; their tokens will routinely convert to FET.

Fetch.ai, a participant within the upcoming Synthetic Superintelligence Alliance (ASI) token merger, has issued a rip-off warning to customers because the July 1st launch date approaches.

The merger goals to consolidate three current tokens—SingularityNET’s AGIX, Ocean Protocol’s OCEAN, and Fetch.ai’s personal FET—right into a single new token referred to as ASI. 

The primary part of the ASI migration focuses on merging the three tokens on the Ethereum blockchain. Holders on different chains should bridge their tokens from their respective chains to take part in part 1. Those that favor to attend for assist from totally different chains, akin to Cardano or Polygon, can go for part 2.

The rebranding will see the undertaking renamed the Synthetic Superintelligence Alliance throughout main platforms. In addition to, AGIX and OCEAN will briefly merge into FET underneath the ASI banner. FET buying and selling will proceed uninterrupted underneath the FET ticker.

On July 1, 2024, undertaking names and logos will probably be up to date, and deposits and withdrawals for AGIX and OCEAN will shut. Nonetheless, FET deposits, withdrawals, and buying and selling will proceed as ordinary. The migration platform for AGIX and OCEAN to FET will open on the SingularityDAO dApp. Furthermore, AGIX and OCEAN will start to be delisted from exchanges.

Furthermore, token holders with funds on centralized exchanges like Binance needn’t take motion. Their OCEAN and AGIX tokens will routinely convert to FET on the applicable ratio on July 1st. This will probably be adopted by a easy transition to ASI in mid-July. People holding their funds in self-custody throughout the Ethereum mainnet will obtain detailed guides and tutorials to facilitate a hassle-free transition.

Section II will deal with group member onboarding, notably for individuals who have opted to self-custody their funds. Moreover, the ASI token will probably be deployed throughout chains. Fetch.ai’s community will improve to the ASI community.

Moreover, new migration contracts will probably be launched for conversion from FET, AGIX, and OCEAN to ASI. Ethereum Digital Machine and different bridges will open to facilitate ASI token transfers. Moreover, exchanges will start migrating spot markets from FET to ASI.

Fetch.ai emphasizes that people is not going to be required to reveal personal data, together with seed phrases, at any level. The group is warned to pay attention to potential scams throughout this transition interval. Malicious actors might try impersonation, spoofing, and social engineering techniques. It’s essential to belief solely official sources of knowledge.