Fetch.ai (FET), OCEAN, and AGIX Surge on Token Merger News
Tokens associated with Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) have surged following reports that the three crypto-AI projects are in talks to merge their tokens into one and create an alliance, known as the “Artificial Superintelligence Alliance.”
The proposed merger aims to create an open, decentralized AI infrastructure and combine the projects’ tokens into ASI, a new token that will launch with billions in fully diluted market cap upon the proposal’s approval.
If approved, Fetch.ai’s FET token will become Artificial Superintelligence (ASI), with a total supply of 2.63 billion tokens and a launch price of $2.82. Ocean Protocol’s OCEAN and SingularityNET’s AGIX will merge into ASI at $0.433 to $1 conversation rates, bringing ASI’s fully diluted market cap to around $7.5 billion.
(With inputs from Shikha Singh)
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