SingularityNET (AGIX) officially announced the deadlines for its token merger

SingularityNET (AGIX) has officially announced the onboarding deadlines for its Artificial Super Intelligence (ASI) Alliance token. This represents an important step towards unifying the (FET), AGIX and Ocean Protocol (OCEAN) communities.

The merger to unify under a single decentralized artificial intelligence (AI) network will begin on June 11, with the FET token renamed ASI and completed on June 13.

source: SingularityNET

Related: More AI Cryptocurrency Alliances Emerge After $7.5B Token Merger

Token Merge Details

For holders of FET, AGIX and OCEAN tokens, the merger will involve the conversion of these tokens into ASI tokens at specified conversion rates.

FET tokens will be converted to ASI at a ratio of 1:1, to AGIX at a ratio of 1:0.433350, and to OCEAN at a ratio of 1:0.433226.

ERC-20 tokens will be made available on June 11 to allow users to swap FET tokens for ASI tokens via token migration contracts, followed by AGIX and OCEAN on June 13.

“In the coming days, we will provide step-by-step instructions on ERC-20 token migration as well as more information on the migration process for AGIX holders on Cardano.”

Related: Token Holders Approve $7.5 Billion AI Integration

Explain the migration process

The migration will take place on SingularityNET’s decentralized AI platform, where users can securely exchange their tokens using validating token relay nodes provided by SingularityNET.

The ASI merger aims to create the largest open source decentralized network in the AI ​​industry, hosting over 200,000 token holders.

“ASI Coin will operate on the integrated decentralized AI network, delivering unprecedented scale and power.”

Related: Verification Nodes Debut to Promote Data Decentralization in Gaming and AI

A boost to artificial intelligence

Aiming to promote safer integration of AI into everyday life, OpenAI, the creator of ChatGPT, recently launched an initiative to expand its services into the education sector.

ChatGPT Edu, a broad AI-based language model designed for academic use, provides students, faculty, researchers and campus operations with access to “enterprise-grade security and controls (…) for educational establishments”.

Oxford, Wharton, the University of Texas at Austin, Arizona State University and Columbia University were cited as using the tool and service university-wide.

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