Revolutionary changes are on the horizon for crypto-focused artificial intelligence (AI) initiatives. In a groundbreaking decision, these initiatives have received approval to merge into a single entity. The month of November 2022 witnessed significant price surges for three major AI tokens, while ChatGPT made a name for itself. Now, these tokens are coming together to form a unified token, paving the way for an exciting new wave of enthusiasm.
FET, AGIX, and OCEAN, the three prominent players in the crypto AI space, are set to launch the ASI Alliance network. The Artificial Superintelligence Alliance (ASI) has officially announced the approval of the merger, with plans to introduce the ASI token in May. To ensure a successful integration, the founding alliance communities, Fetchai and SingularityNET, held a vote, leading to this transformative decision. The ultimate goal is to position the ASI token among the top 20 cryptocurrencies in terms of market value.
As for the token distribution, FET will transition into ASI Token, with a total supply of 2.63055 billion tokens. AGIX tokens will convert at a ratio of 0.433350 to 1, while OCEAN tokens will convert at a ratio of 0.433226 to 1, both into ASI Token.
It is important to note that the information provided in this article does not constitute investment advice. Investors should exercise caution and be mindful of the high volatility and associated risks that come with cryptocurrencies. Conducting thorough research is essential before making any investment decisions.