SingularityNET unveils dates for ERC-20 token swap amid merger with AI cryptos
SingularityNET says over 200,000 token ERC-20 token holders may swap their AGIX, FET, and OCEAN tokens for ASI.
As a part of the broader merger with Fetch.ai and Ocean Protocol, blockchain mission SingularityNET has unveiled a set of dates, when holders AGIX, FET, and OCEAN may swap their cash for Synthetic Superintelligence Alliance (ASI), a brand new token underneath the mixed model.
Based on a weblog put up on Jun. 3, all three tokens can be out there for swaps at completely different ratios:
- FET tokens migrate to ASI at a conversion price of 1:1.
- AGIX tokens migrate to ASI at a conversion price of 1:0.433350.
- OCEAN tokens migrate to ASI at a conversion price of 1:0.433226.
As per the announcement, FET holders may swap their tokens for ASI ranging from Jun. 11, whereas AGIX and OCEAN holders may achieve this on Jun. 13. SingularityNET is but to elucidate the swapping course of, promising to launch “step-by-step guides” within the coming days, with additional info on the migration course of for AGIX holders on Cardano additionally anticipated quickly.
The merger, first reported by crypto.information in mid-March, is anticipated to worth the mixed entity at roughly $7.5 billion. The brand new alliance shall be ruled by a “Superintelligence Collective,” led by SingularityNET founder Ben Goertzel. Humayun Sheikh, CEO of Fetch.ai, will function chairman on this progressive collaboration.
