Fetch.ai (FET) and SingularityNET (AGIX) Token Merger: A Technical Analysis

Let's examine the insights shared by our Technical Analyst at UseTheBitcoin as he walks us through his personal trading approach and observations on Fetch.ai (FET) and SingularityNET (AGIX).

Our Technical Analyst at UseTheBitcoin shares his trading approach and observations on Fetch.ai (FET) and SingularityNET (AGIX).

Here’s an update on the Artificial Superintelligence Alliance and the planned merger of ASI tokens, which will occur in two phases:

Phase I Overview & Timeline

The Artificial Superintelligence Alliance (ASI) token merger will commence on July 1st, 2024. The first phase will see the project rebrand with a new name and logo.

In preparation for the migration, exchanges will close deposits and withdrawals of AGIX and OCEAN tokens. However, trading will continue under the FET ticker symbol.

A platform will also be launched on the SingularityDAO dApp, enabling AGIX and OCEAN holders to convert their tokens to FET.

Finally, AGIX and OCEAN tokens will be delisted from exchanges.

Phase II Overview

The second phase of the token merger is focused on wider adoption and functionality, and will see the ASI token being deployed across multiple blockchains.

The existing Fetch.ai network will be upgraded to become the ASI network. To ensure a smooth transition for existing token holders, new migration contracts will be introduced to convert AGIX, OCEAN, and even FET tokens into ASI.

Bridges compatible with the Ethereum Virtual Machine (EVM) and others will be opened to facilitate transfers between these blockchains.

Finally, cryptocurrency exchanges will begin migrating their markets from FET to ASI, making the new token easier to trade.

Final Thoughts

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