The three major AI coins FET, OCEAN and AGIX merged into ASI and voted! Are there arbitrage opportunities?

Artificial intelligence (AI) and machine learning platform Fetch.ai, decentralized data trading platform Ocean Protocol and AI service trading platform SingularityNET jointly announced on the 27th of last month that the three Participants will jointly establish an "Artificial Intelligence Super Alliance" and merge tokens into $ASI for joint management, aiming to create the largest open source decentralized network to accelerate the development of Artificial General Intelligence (AGI).

The proposal to merge into ASI has been approved by the community vote

Just yesterday (16th), the cooperation between these three major AI projects ushered in the latest progress. Fetch.ai stated that super artificial intelligence will Following a vote by the Alliance (ASI), the ASI token merger has been officially approved and is expected to begin in the coming weeks. It also stated that the merger is expected to have a total value of US$7.5 billion, which will make $ASI among the 20 largest cryptocurrencies by market capitalization.

Humayun Sheikh, Chairman of the Artificial Super Intelligence Alliance and CEO of Fetch.ai, commented: We are pleased to announce that the token merger voting process has successfully concluded. This marks the beginning of a new chapter in the development of artificial intelligence, and our collective efforts will drive the progress of decentralized AGI and ASI.

What are the potential arbitrage opportunities for the merged token $ASI?

As part of the formation of the alliance, the three parties have previously stated in a joint announcement that they will merge their own tokens FET, OCEAN and AGIX into a unified token ASI. The specific ratio is as follows:

• FET will be directly converted to ASI at a 1:1 ratio

• An additional 1.48 billion ASI will be minted, of which 867 million will be allocated to AGIX holdings 611 million AGIX tokens will be distributed to OCEAN holders

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

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

• The total supply of ASI is 2.63055 billion

It is worth noting that , since the ratio of the three tokens to ASI is unchanged, there may be a price difference in the final ASI that can be converted based on the different market prices of the three, providing investors with room for arbitrage.

Are there discounts for buying AGIX and OCEAN now?

The specific calculation method is: after multiplying the market price of FET by 0.433, if the market price of AGIX and OCEAN is lower than the obtained price, it means that FET can be bought at a discount (both will become ASI in the future).

Based on the current market price at the time of writing, FET is temporarily quoted at US$2.034. After multiplying by 0.433, the price is approximately US$0.88

. However, AGIX and OCEAN are currently quoted at US$0.835 and US$0.837, which are lower than The resulting price is calculated so that after buying now, you can earn about a 5% spread when redeeming for ASI tokens in the future.

No, this will of course also depend on the price changes after conversion to ASI tokens. We remind you to pay attention to investment risks and do not constitute investment advice.

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