Why choose to merge into ASI? FET, AGIX and OCEAN currency prices rise

The website (120BtC.coM) announced that today (27th), AI company Fetch.ai, data trading platform Ocean Protocol and AI service trading platform SingularityNET will jointly establish an "artificial intelligence platform" "Smart Super Alliance", through token merger and joint management, focuses on building the largest open source decentralized network to accelerate the development of artificial intelligence (AGI).

Merging tokens into $ASI

announced that as part of forming the alliance, the above three parties will merge their own tokens FET, OCEAN and AGIX For a unified token ASI. If the proposal is approved by a majority of the appropriate community, the following will happen:

• FET will be renamed ASI with a total supply of 2,630.55 million

• AGIX tokens will be converted to ASI, with an exchange rate of 0.433350:1

• OCEAN tokens will also be converted to ASI, with an exchange rate of 0.433226:1

It is worth mentioning that if all conversions of the above three tokens are completed now, ASI’s FDV will exceed an astonishing US$8 billion.

Why choose to merge?

Regarding the reasons for this major merger, the official gave three explanations:

• The rise of artificial intelligence and the growth catalyst of three artificial intelligence projects: This combination Born at a time when AI technology is growing at an unprecedented rate, this merger provides an unparalleled opportunity for the three to create a powerful and compelling proposition to displace the development, use and currency of AI by large technology companies. Decentralized control

• Create large-scale decentralized artificial intelligence infrastructure: The integration of the three's research, brand, technology and products can lay the foundation for building scalable artificial intelligence infrastructure Basics

• Accelerate investment in AGI: The three are committed to turning AGI into a reality.

In this regard, Dr. Ben Goertzel, CEO of SingularityNET, said: As the artificial intelligence revolution progresses, AGI and ASI must not be owned by any specific party with bias, and they should be Launched in an open, democratic and decentralized manner, this was our original vision. Therefore, our three projects have joined together to form a token network with greater power to fight the monopoly of big tech companies and change the landscape of artificial intelligence. The focus of artificial intelligence should shift to decentralized ecosystems.

The announcement added that after the token merger, although the three will establish an Artificial Intelligence Super Alliance Council, which will be jointly governed by the leaders of the three, the three will still maintain independent operations.

FET, AGIX and OCEAN Qiyang

Inspired by this news, the tokens of the three were pushed up. According to CoinGecko data, the current newspaper when writing:

• FET: $3.15, up 7.7% in the past 24 hours

• AGIX: $1.33, up 9.9% in the past 24 hours

• OCEAN: $1.38, up 16.9% in the past 24 hours

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