Protocols operating in the field of artificial intelligence in the cryptocurrency market; Fetch.ai, SingularityNET, and Ocean Protocol are considering merging to create a new protocol.
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3 artificial intelligence tokens to create a new crypto asset named ASI
Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) protocols aim to create a new protocol called “Artificial Superintelligence” (ASI) by coming together. The native asset of the protocol to be created will be ASI. The total supply of the token is expected to be 2.63 billion, with a listing price of $2.82. Owners of FET, AGIX, and OCEAN will be able to swap their assets with ASI tokens at predetermined ratios. It was announced that FET tokens will be exchanged for ASI on a one-to-one basis. Additionally, the swap ratio from AGIX to ASI will be 1:0.43335 and from OCEAN to ASI will be 1:0.4332266.
The merger event will be voted on between Fetch.ai and SingularityNET communities on April 2. If a majority is obtained in the vote, transactions for the token merger will begin, and FET, AGIX, and OCEAN tokens in the market will be converted to ASI. Investors holding these altcoins on centralized exchanges will see their crypto assets automatically converted to ASI at predetermined ratios.
Artificial intelligence tokens saw rapid gains following the announcement
Following the announcement of the protocol merger, significant gains were recorded in all three cryptocurrencies. FET, which has seen positive closes since March 24, reached levels around $3.3 with nearly a 20% increase in value in the last 24 hours. AGIX reached $1.38 with a 17% increase in the last 24 hours. OCEAN surged by 38% after the news to reach $1.67, then pulled back to $1.34, but the upward trend in the cryptocurrency continues today.
Crypto investors priced the decision to merge the strengths of the three projects operating in the increasingly popular field of artificial intelligence very positively in recent times. Investors are seen making efforts to rapidly increase their assets before the merger, and there is an expectation of high demand for the newly minted ASI token.
source: tr.investing.com/ prepared by Melisa Beğiç