The Super Artificial Intelligence Alliance ASI will be launched in late May. The three currencies will be merged to save arbitrage space. The post-merger valuation will be as high as 7.5 billion US dollars.

Recently, the token merger proposal of SingularityNET, Fetch.ai and Ocean Protocol was voted by the community, and the Alliance for Super Artificial Intelligence (ASI) will be officially launched in May this year. So, how will the original tokens of these projects be exchanged for new coins? How will the business focus be different after the merger?

In March this year, SingularityNET, Fetch.ai and Ocean Protocol announced that they would merge their respective tokens into an artificial intelligence token called "ASI", which was approved by a community vote the following month.

According to the proposal, the total supply of $ASI tokens is 2.63 billion, and the fully diluted market value is US$7.5 billion. It will rank among the top 20 crypto market capitalizations. However, there is no official statement on the tokens. Economic models reveal more details. The token merger of $FET, $AGIX and $OCEAN is expected to be completed in early May. The number of wallet holding addresses for these tokens exceeds 250,000, of which $FET will be exchanged for $ASI at a 1:1 ratio, the total supply There are 2.63055 billion tokens; the exchange rate of $AGIX tokens is 0.43335:1; the exchange rate of $OCEAN is 0.433226:1. Since the exchange ratio remains unchanged, the official also pointed out that the price difference between the three tokens has certain room for arbitrage.

For example, CoinGekco data shows that as of April 17, the price of $FET was $2.04, $AGIX was $0.84, and $OCEAN was $0.86. Based on the current price calculation, the price of $ASI is temporarily $2.04. If users purchase $AGIX and $OCEAN currently, they will have 2.7%-5% arbitrage space.

$ASI’s token exchange contract has been tested and audited and is open for a long time. Holders of centralized exchanges can automatically exchange without any operation; for holders of third-party platforms such as wallets, A token exchange mechanism will be launched in the coming weeks. Once 95% of the $OCEAN and $AGIX token supply has been exchanged for $ASI, Ocean Protocol and SingularityNET will remove all liquidity pools.

Prior to this, SingularityNET, Fetch.ai and Ocean Protocol were all artificial intelligence concept projects. Among them, SingularityNET was founded by Dr. Ben Goertzel, the "father of AGI"; Fetch.ai was acquired by Google's artificial intelligence company DeepMind. Founded by early investor Humayun Sheikh, Ocean Protocol was founded by Trent McConaghy, the architect of the artificial intelligence software that drove Moore’s Law.

Regarding the reasons for the merger of these three companies, Humayun Sheikh once explained that in the world of artificial intelligence with exponential innovation, ASI hopes to create ASI (super artificial intelligence) and AGI (general artificial intelligence) to establish the world's first open and decentralized A centralized network allows all stakeholders involved in network construction to freely choose to own and control their own data and artificial intelligence. Compared with the artificial intelligence solutions of existing giants, ASI will be more open source, fair and decentralized.

The Super Artificial Intelligence Alliance will launch on May 24. Fetch, Ocean Protocol and SingularityNET will still operate as independent entities and will work closely together in the shared $ASI token economic ecosystem and the operation of the alliance. . In terms of the governance of $ASI, the Super Artificial Intelligence Alliance Management Committee will be responsible for overseeing and guiding the operations of the token economic network. The committee is chaired by Humayun Sheikh, Ben Goertzel as CEO, and Trent McConaghy and Ocean Protocol. Another co-founder, Bruce Pon, also joined the leadership team.

Under the mainstream trend of encrypted AI, it remains to be verified whether ASI can further open up greater development space with the help of ASI and AGI narrative based on a market value of up to 7.5 billion US dollars and over 250,000 users.

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