Synthetic Superintelligence Alliance postpones token merger to July

The Synthetic Superintelligence Alliance, which incorporates SingularityNET, Fetch.ai, and the Ocean Protocol, is at present within the formation of the ASA. It has declared a brand new date for the ASI token merger. The date has been modified from June 13, 2024, to July 15, 2024, because of technological and feasibility concerns. 

That is mandatory to ensure equal alternatives for all present exchanges, validators, and collaborators inside the ecosystem through the merger course of. For this reason it’s essential to take care of correct management over third-party dependencies, that are steadily concerned in numerous types of integration through the integration preparation part. Lastly, a give attention to the most effective curiosity of all stakeholders is essential for the efficient implementation of the token merger.

Sadly, it was completed strategically to keep away from blunders that might jeopardize the token merger’s success. It was beforehand supposed that FET’s identify be modified to ASI on June 11 and the tokens on June 13. Nonetheless, on July 15, FET, AGIX, and OCEAN will kind the brand new ASI token. Till then, these tokens will stay as particular person property which might be additionally traded on numerous exchanges. FET, AGIX, and OCEAN tokens shall be amalgamated into the ASI token after third-party integrations are full.

Help shall be out there via the official communication channels of FET, AGIX, and Ocean, in addition to the ASI channel. All token and migration contracts and audits shall be shared this week. 

Based on Humayun Sheikh, CEO of Fetch.ai and chairman of the Synthetic Superintelligence Alliance, the merger of ASI tokens has been postponed till July owing to accomplice adjustments, however their dedication and imaginative and prescient for this cooperation stay unshakable. The delay is short-term and doesn’t have an effect on the numerous progress made towards establishing a decentralized superintelligence community. Groups are working with centralized exchanges to complete procedures. The continued help and comprehension of the group and stakeholders are tremendously valued throughout these ultimate logistical steps.

Ben Goertzel, the founder and CEO of SingularityNET Basis and Synthetic Superintelligence Alliance, claimed that they’ve been advancing towards the 2 organizations consolidating AI and blockchain know-how whereas exploring the problems of merging the tokens. 

The finalization of this merger on July fifteenth will mark a big milestone for them; nonetheless, they anticipate a collection of much more noteworthy steps as they leverage their $ASI-tokened community to boost their present synthetic intelligence techniques and progressively attain superintelligence.

Bruce Pon, the creator and chief of Ocean Protocol and an ASC board member of the Synthetic Superintelligence Alliance, additionally echoed, expressing his appreciation to the group and looking out ahead to the mixing of $ASI tokens with the complete help of all companions, exchanges, and token holders concerned. 

In the intervening time, token holders can relaxation assured that they don’t seem to be required to take any motion. No extra time extensions are anticipated, and the consolidation of the ASI token remains to be continuing as supposed.

It’s essential to make this strategic adjustment to make sure that the merger is efficient and profitable, in addition to to satisfy all technical and organizational necessities. Regardless of the potential disappointment, it speaks volumes concerning the Alliance’s dedication to delivering a robust and structured integration that paves the way in which for the ASI token to undergird extra superior and environment friendly AI sooner or later.