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- Binance to merge Fetch.ai, Ocean Protocol, and SingularityNET tokens into ASI token.
- Binance will droop FET, OCEAN, and AGIX deposits and withdrawals beginning July 1, 2024.
- Buying and selling for the brand new ASI token will begin on Binance beginning July 5, 2024.
Binance has introduced it can help the upcoming merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens into the brand new Synthetic Superintelligence (ASI) token. The change will deal with all technical elements to make sure a easy transition for its customers.
Beginning July 1, 2024, at 3:30 AM UTC, Binance will briefly droop deposits and withdrawals of FET, OCEAN, and AGIX to arrange for the merge. Customers ought to plan their transactions accordingly.
Binance may even delist all spot buying and selling pairs for FET, OCEAN, and AGIX, together with AGIX/BTC, AGIX/FDUSD, FET/BTC, FET/USDT, OCEAN/BNB, and OCEAN/USDT. Open orders will likely be mechanically eliminated after buying and selling ceases.
Buying and selling of the brand new ASI token on Binance will open on July 5, 2024, at 8:00 AM UTC. FET, OCEAN, and AGIX token holders could have their holdings mechanically transformed to ASI on the following charges:
- 1 FET = 1 ASI.
- 1 OCEAN = 0.433226 ASI.
- 1 AGIX = 0.433350 ASI.
Binance Margin will delist cross and remoted margin buying and selling for these pairs by June 26, 2024, at 6:00 AM UTC. All positions will likely be mechanically settled and canceled. For Binance Loans customers, excellent mortgage positions for FET, OCEAN, and AGIX will likely be closed by June 25, 2024, at 3:00 AM UTC. Customers are suggested to repay any excellent loans earlier than this deadline.
Binance Easy Earn merchandise for FET, OCEAN, and AGIX will stop help on June 28, 2024, at 3:00 AM UTC. Balances will likely be mechanically redeemed and credited to customers’ Spot Wallets. Locked FET merchandise will likely be transformed to ASI locked merchandise on July 8, 2024, at 4:00 AM UTC.
Binance by way of its newest announcement will handle all technical necessities for the merge, guaranteeing a seamless token swap for customers.
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