FET, AGIX, and OCEAN will merge into ASI
Three leading decentralized entities Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) will merge into a single token: Artificial Superintelligence Alliance (ASI).
Bitvavo will stick to the following updated timeline for the merge:
On the 28th of June at 10:00 CEST, deposits will be closed for AGIX and OCEAN.
On the 28th of June at 14:00 CEST, trading will be halted for AGIX and OCEAN.
On the 28th of June at 16:00 CEST, withdrawals will be closed for AGIX and OCEAN.
Deposits, withdrawals, and trading for FET will continue as usual.
Users who have AGIX and OCEAN on Bitvavo do not need to take any action after June 28th. Bitvavo will consolidate these tokens to FET around Monday, July 1st, based on the following conversion rates:
- AGIX will be converted to FET at a conversion rate of 0.433350:1
- OCEAN will be converted to FET at a conversion rate of 0.433226:1
- The conversion of Fetch.ai (FET) to Artificial Superintelligence (ASI) will take place at a later stage, with timelines yet to be confirmed.
What do you have to do?
Bitvavo will automatically facilitate this swap for you. After the swap, Fetch.ai, SingularityNET, and Ocean Protocol will be closed indefinitely. If you don't want us to convert your balances to Artificial Superintelligence Alliance, we advise you to withdraw your AGIX and OCEAN balances before the 28th of June. After this date withdrawals are no longer possible.
About Artificial Superintelligence Alliance (ASI)
The merger of Fetch.ai, SingularityNET, and Ocean Protocol represents a key event in the AI sector, bringing together three leading decentralized entities. This union forms the Artificial Superintelligence Alliance, a major force in AI research and development. The alliance addresses the rapid growth of AI projects and aims to challenge Big Tech's dominance in AI development, usage, and monetization.Ā
If you have any questions regarding the swap, please contact our support team atĀ [email protected].Ā