Artificial Superintelligence Alliance Update on ASI Token Merger

Zug and Singapore – June 20, 2024 – The Artificial Superintelligence Alliance, a collective comprising SingularityNET, Fetch.ai, and Ocean Protocol, have today announced significant progress and updates on the ASI token merger. Scheduled for implementation starting July 1, 2024, the token merger will temporarily consolidate SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET, before transitioning to the ASI ticker symbol at a later date. This update enables an efficient execution of the token merger, and outlines the timelines and crucial steps for token holders, ensuring a smooth and transparent process.

Schedule and Token Merger Steps:

Phase I Overview

• Project name and logos are updated to Artificial Superintelligence Alliance: The project undergoes rebranding to Artificial Superintelligence across exchanges and other major platforms such as CoinMarketCap (CMC), CoinGecko (CG), and others.
• AGIX and OCEAN temporarily merge into FET token: Tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN) are merged into Fetch.ai (FET) under the Artificial Superintelligence Alliance banner.
• FET markets remain open under FET ticker: Trading of the newly named Artificial Superintelligence Alliance continues as usual in all markets, under the FET ticker with no interruption.

Phase I Timeline

July 1, 2024

• Project name and logos are updated to Artificial Superintelligence Alliance.
• Deposits and withdrawals for AGIX and OCEAN begin to close across exchanges in preparation for the migration process.
• Deposits, withdrawals, and trading for FET will continue as usual.
• Migration platform for AGIX and OCEAN to FET open on the SingularityDAO dApp, allowing holders to convert their tokens to FET.
• AGIX and OCEAN tokens begin to be delisted from exchanges.
• Spot and perpetual trading continues uninterrupted under the FET ticker.

Conversion Rates to FET

• $AGIX tokens migrate to FET, at a conversion rate of 1 $AGIX to 0.433350 FET.
• $OCEAN tokens migrate to FET, at a conversion rate of 1 $OCEAN to 0.433226 FET.

Phase II Overview

• ASI Token is deployed across chains.
• FET network upgrades to ASI network: Fetch.ai (FET) network undergoes upgrades to transition into the Artificial Superintelligence (ASI) network.
• Migration contracts from AGIX/OCEAN to FET depleted and deprecated: Existing migration contracts allowing conversion from AGIX and OCEAN to FET are no longer supported.
• Migration contracts from FET, AGIX, OCEAN to ASI open: New migration contracts are introduced, enabling token holders to migrate their holdings from FET, AGIX, and OCEAN to the ASI token.
• EVM and other bridges open: Ethereum Virtual Machine (EVM) and other interoperability bridges are activated, facilitating seamless ASI token transfers between different blockchain networks.
• Exchanges begin to migrate spot markets from FET to ASI.
• Phase II timelines to be confirmed.

Final Conversion Rates into ASI

• FET will migrate to $ASI, at a conversion rate of 1 FET to 1 $ASI
• AGIX tokens migrate to $ASI, at a conversion rate of 1 AGIX to 0.433350 $ASI
• OCEAN tokens migrate to $ASI, at a conversion rate of 1 OCEAN to 0.433226 $ASI

The strategy guarantees the smoothest transition possible. The Artificial Superintelligence Alliance remains dedicated to ensuring transparency and efficiency throughout the entire process. The Alliance teams will continue to coordinate with stakeholders and necessary platforms to finalize the ticker updates in due time. Further updates and detailed instructions will be provided as necessary.

About The Artificial Superintelligence Alliance

The Artificial Superintelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol. As the largest open-sourced, independent entity in AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: superintelligence.io

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: singularitynet.io

About Fetch.ai

Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: fetch.ai

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: oceanprotocol.com