In The First Phase Of The Asi Token Merger, Agix And Ocean Tokens Were Delisted From Exchanges.

In the first phase of the ASI token merger, AGIX and OCEAN tokens will be integrated into Fetch.ai's FET token with limited exchange support.

The first phase of the Artificial Superintelligence Alliance (ASI) token merger began on July 1st, with AGIX and OCEAN tokens merging into Fetch.ai's FET token.

In this initial phase of the $7.5 billion token merger, AI tokens were integrated into Fetch.ai's FET token, resulting in the delisting of the old tokens from all cryptocurrency exchanges.

However, it was observed that the merger was not supported by all cryptocurrency exchanges. Coinbase chose not to support the ASI merger and did not provide a mechanism for users to automatically convert their token holdings.

FET and OCEAN trading will continue on Coinbase until the next announcement. Users who wish to manually migrate their assets to FET have the option to use a temporary solution provided by Coinbase:

"Once the transition begins, users will be able to transfer their OCEAN and FET tokens to ASI using a self-custody wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets."

Crypto exchanges and data aggregators that wish to support this temporary solution for the ASI transition can use a newly launched transition platform called SingularityDAO.

According to the website, in the first phase, AGIX tokens will be converted to FET at a rate of 1 AGIX to 0.43335 FET.

In the second phase, FET tokens will be migrated to ASI and launched on multiple blockchains.

On June 20, the trading value of FET and AGIX tokens surged by more than 30% following a three-month downward trend.

Vlad Balaban, co-founder of GT Protocol, a blockchain-based AI execution protocol, stated that the excitement surrounding the ASI token merger has taken the markets by storm.

"The over 30% increase is attributed to their announced merger with Ocean Protocol, aiming to create the largest decentralized AI ecosystem. This strategic move has ignited the excitement of investors anticipating significant advancements and market leadership in AI technology," he said.

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