ASI Alliance Token Migration opens exclusively on SingularityDAO dApp
The Artificial Superintelligence (ASI) Alliance, consisting of Fetch.ai, Ocean Protocol, and SingularityNET, have commenced Phase 1 of their ambitious initiative to combat centralised AI. This historic event marks the largest crypto token migration in history, uniting three titans of the AI blockchain industry to form the largest open-source, independent entity in AI research and development.
The ASI Alliance: Pioneering Decentralised AI
The ASI Alliance aims to accelerate the journey towards achieving true Artificial General Intelligence (AGI) and fostering a decentralised AI future that benefits all of humanity. By leveraging the unique strengths of its partners - SingularityNET’s AGI research, Fetch.ai’s AI agents, and Ocean Protocol’s data sets - the Alliance is set to push the boundaries of open-source AI.
Token Holder Involvement
As Migration begins, holders of AGIX and OCEAN tokens will see their tokens merged and migrated into FET tokens. This strategic token merge aligns the incentives of the three projects, enabling them to scale faster and bigger.
The ASI Alliance Token Migration Process
Migration Overview:
- Token Merge: SingularityNET's AGIX and Ocean Protocol's OCEAN tokens will merge into Fetch.ai's FET token. Subsequently, these will be rebranded as ASI tokens in Phase 2.
- Delisting and Rebranding: AGIX and OCEAN tokens will be delisted from exchanges, with their symbols and names rebranded. All deposits in AGIX and OCEAN will cease, while FET deposits remain unaffected.
- Exchange and Data Aggregator Onboarding: Efforts will focus on onboarding exchanges and data aggregators to facilitate the rebranding process.
Conversion Rates:
- AGIX to FET at a rate of 1 AGIX = 0.433350 ASI.
- OCEAN to FET at a rate of 1 OCEAN = 0.433226 ASI.
On-Chain Token Migration
The on-chain token migration will be exclusively available on the SingularityDAO dApp. Users are advised to verify and confirm any migration links through official SingularityDAO sources and ASI Alliance partner channels.
SingularityDAO: The Backbone of Migration
As the longstanding DeFi arm of SingularityNET, SingularityDAO has been pivotal in developing the smart contracts and hosting the migration process. With a proven track record of building and launching trusted DeFi products, including bridging, migration, and staking solutions, SingularityDAO has been instrumental in incubating and launching various projects within the SingularityNET ecosystem, such as SophiaVerse, Rejuve.AI, HyperCycle, and Nunet.
Security and Caution
Users are urged to be cautious of all migration links and to verify and confirm any links to token migration with official sources. The interface and underlying smart contract are provided on an 'as is' and 'as available' basis without any warranties. Token conversion involves technological and economic risks, including potential security vulnerabilities, bugs, and market volatility that could lead to financial loss. The ASI Alliance disclaims any liability for any losses, damages, or adverse consequences arising from the use of the smart contract.
This is the only official link for token migration - https://www.singularitydao.ai/migrate-asi
Join the Revolution
The ASI Alliance represents a significant step towards a decentralised and inclusive AI future. By uniting the strengths of Fetch.ai, Ocean Protocol, and SingularityNET, the Alliance is poised to revolutionise the AI landscape, making advanced AI accessible and beneficial for all.
For more information and to stay updated, please visit the official websites and channels of SingularityDAO and the ASI Alliance.
