Binance, the world’s largest cryptocurrency exchange, announced that it will support the Artificial Superintelligence Alliance (ASI) merger. In this context, the exchange will delist Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens. Artificial intelligence-focused tokens took off after NVIDIA became the world’s most valuable company. Leading AI-focused tokens AGIX, OCEAN and FET also led the run with double digits.
Binance supports ASI: Delists AGIX and OCEAN!
Binance announced that it will support the ASI token alliance. The first support action will be to delist OCEAN and AGIX, the native tokens of Ocean Protocol and SingularityNET respectively. This action will mean that, effective July 1, trading of tokens will be stopped and all deposits and withdrawals will be suspended. In this context, the stock exchange made the following statement:
On July 1, 2024 at 06:30 UTC, Ocean Protocol (OCEAN) and SingularityNET (AGIX) deposits and withdrawals will be suspended. Please ensure you allow sufficient time for your OCEAN and AGIX deposits to be fully processed before this time.
Binance has also committed to fulfilling all technical requirements for AGIX and OCEAN holders. These two tokens will receive the ticker FET on Binance. Thus, it will be exchanged at the rate of 1 OCEAN – 0.433226 FET for the Ocean Protocol and 1 AGIX – 0.433350 FET for the SingularityNET token.
Background and purpose of the giant merger
cryptokoin.com As we reported, Fetch.ai, SingularityNET and Ocean Protocol have committed to a definitive merger agreement. According to the terms of the agreement, the respective utility tokens FET, AGIX and OCEAN will become a single ASI. They will thus become “the largest open-source, independent player in artificial intelligence research and development.”
This strategic move aims to promote the development of a decentralized AI platform, a vision shared by all parties. Despite the merger of their tokens into the ASI token, SingularityNET, Fetch.ai and Ocean Protocol will retain their operational independence. However, they will collaborate under the umbrella of the Superintelligence Collective. This new coalition will be led by Ben Goertzel, founder and CEO of SingularityNET. The aim is to move away from the control of technology giants such as Alphabet and Microsoft. Also, ensuring that companies do not prioritize shareholder interests alone.
FET, AGIX, OCEAN tokens are rallying
Nowadays, technology giant NVIDIA has become the most valuable company in the world. FET, AGIX and OCEAN, which are artificial intelligence-focused tokens, also rose after this news. Thus, they significantly outperformed their industry peers. AI tokens achieved gains of up to 30%, demonstrating market confidence.
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