The merger of tokens from SingularityNET, Fetch.ai, and Ocean Protocol into the new ASI (Artificial Superintelligence Alliance) token marks a significant milestone in the evolution of decentralized AI. This guide delves into every aspect of the ASI token merger, offering a thorough understanding of the process, key dates, and necessary actions for token holders.

Phase I Overview

Phase I of the ASI token merger will focus on consolidating SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET on the Ethereum Blockchain. Holders on other chains must bridge from their respective chains if they wish to participate in Phase I. Alternatively, they can wait for Phase II, which will support additional chains such as Cardano and Polygon.

Key Elements of Phase I:

• Rebranding: The project will be rebranded as the Artificial Superintelligence Alliance across major platforms.
• Token Merge: AGIX and OCEAN will temporarily merge into FET under the Artificial Superintelligence Alliance banner.
• FET Trading: FET markets will remain open under the FET ticker without interruption.

Phase I Timeline

July 1, 2024:

• Project name and logos updated.
• Deposits and withdrawals for AGIX and OCEAN will close in preparation for migration.
• FET deposits, withdrawals, and trading will continue as usual.
• Migration platform for AGIX and OCEAN to FET opens on the SingularityDAO dApp.
• AGIX and OCEAN will begin to be delisted from exchanges.
• Spot and perpetual trading will continue under the FET ticker.

Important Note: For token holders with funds on centralized exchanges like Binance, no action is required. Your OCEAN and AGIX tokens will automatically convert to FET at the appropriate ratio on July 1st, followed by a smooth transition to ASI in mid-July. Individuals holding their funds in self-custody across the Ethereum mainnet will receive detailed guides and tutorials to facilitate a hassle-free transition.

Phase II Overview

Phase II will emphasize community member onboarding, particularly for those who self-custody their funds. During this phase:

• The ASI token will be deployed across multiple chains.
• Fetch.ai’s network will upgrade to the ASI network.
• New migration contracts will be introduced for conversion from FET, AGIX, and OCEAN to ASI.
• Ethereum Virtual Machine and other bridges will open to facilitate ASI token transfers.
• Exchanges will start migrating spot markets from FET to ASI.

Scam Warning: Trust only official sources of information to avoid scams. At no point will individuals be required to disclose private information, including seed phrases.

Key Dates and Action Items

As a web3 token holder of FET, AGIX, or OCEAN, understanding the key aspects of this token merger is crucial. Here’s a breakdown of important dates and actions:

July 1, 2024:

• Migration Opens: Conversion contracts for AGIX and OCEAN to FET available.
• Deposits and Withdrawals: AGIX and OCEAN deposits and withdrawals will be halted on exchanges in preparation for the migration process.
• AGIX and OCEAN: Tokens will be delisted from exchanges.
• Branding Changes: Project branding will transition to Artificial Superintelligence Alliance across third-party platforms.

Your Token Migration Journey

The token merger will impact your existing tokens. Here’s what you need to know:

Exchange-Held Tokens: These tokens will be automatically converted to ASI.

Conversion Rates:

• AGIX tokens will migrate to FET at a conversion rate of 1 AGIX to 0.433350 FET.
• OCEAN tokens will migrate to FET at a conversion rate of 1 OCEAN to 0.433226 FET.

Supported Wallets and Conversion Processes: The ASI token merger will be compatible with all major software wallets (e.g., MetaMask, Trust Wallet) and hardware wallets (e.g., Ledger, Trezor). For manual conversion (on-chain, self-custody):

• Connect your existing wallet to the official conversion portal hosted on the SingularityDAO dApp.
• Follow the on-screen instructions to convert your tokens. The portal will guide you through the contract approval process and migration confirmation.
• Verify the conversion using a block explorer like Etherscan.

Important Reminders:

• The conversion window will remain open for years, so there’s no immediate pressure to convert.
• Dedicated conversion smart contracts are the only official tools needed. Expect standard transaction fees, but no additional conversion charges. You will never need to input private information including your seed phrase.

Phase II:

• Staked tokens will be automatically migrated during Phase II, and staking rewards will continue uninterrupted.
• Liquidity providers must manually withdraw their funds and re-allocate them to updated pools for optimal efficiency. More details will be provided.

The Migration from FET to ASI and the Network Upgrade — Phase II

The final step involves migrating from the FET token ticker to ASI. New migration contracts will be available for any AGIX and OCEAN tokens yet to be migrated to FET. FET Mainnet Tokens will be automatically converted to ASI as the Fetch.ai mainnet completes its scheduled upgrade.

Conversion Rates:

• FET tokens will migrate to ASI at a conversion rate of 1 FET to 1 ASI.
• AGIX tokens will migrate to ASI at a conversion rate of 1 AGIX to 0.433350 ASI.
• OCEAN tokens will migrate to ASI at a conversion rate of 1 OCEAN to 0.433226 ASI.

Network Upgrade Process

Key Steps:

• Code Deployment: New codebase deployed to all network nodes, incorporating the latest improvements and security patches.
• Smart Contract Migration: Existing smart contracts migrated to the new network with necessary updates.
• Node Synchronization: All network nodes synchronized to operate on the updated protocol version.
• Testing and Validation: Extensive testing on a testnet before deploying changes to the mainnet.
• Final Rollout: Thoroughly tested components will be rolled out, and the network will officially transition to the upgraded state.

Note: During the network upgrade, there may be potential network downtime and temporary disruptions on exchanges as they update their markets. However, the transition is meticulously planned to minimize any impact on users.

Stay Informed and Engaged

Staying updated throughout the process is vital. Here are your primary resources:

Official Website: superintelligence.io Social Media Channels: Follow Fetch.ai, Ocean Protocol, SingularityNET, and the Artificial Superintelligence Alliance across X (formerly Twitter). AMAs and Community Calls: Participate in scheduled events for real-time information.

The ASI token merger signifies a significant step forward for decentralized AI. This collaboration strengthens the ecosystem, making it more resilient and competitive against big tech players. Additionally, expect future advancements in performance and use cases for ASI.

Security Alert: Beware of potential scams during this transition period. Trust only official sources of information. The ASI teams are committed to combating these risks by establishing credible communication channels and conducting extensive information campaigns with strict moderation.

Frequently Asked Questions

What do I need to do specifically to transition my Ocean, AGIX, or FET to ASI?

• Exchange-Held Tokens: Your funds will be automatically converted to FET on July 1st and later to ASI.
• Self-Custody Tokens: Use the SingularityDAO conversion portal to convert your funds to ASI.

What is the timeline for the merger?

• Phase I: Begins July 1, 2024, focusing on exchange partners.
• Phase II: Begins mid-July 2024, focusing on self-custodied funds.

Are there specific milestones or phases in the merger process?

• Phase I: Rebranding, token deposits and withdrawals for AGIX and OCEAN halt, FET trading continues.
• Phase II: ASI token deployment, Fetch.ai network upgrade, new migration contracts, opening of EVM and other bridges.

Will there be any downtime or service interruptions during the merger?

• Potential network downtime and temporary disruptions on exchanges during the network upgrade in Phase II.

How will my current tokens be affected?

• AGIX and OCEAN tokens will merge into FET tokens, which will later transition to ASI tokens.

Will my existing tokens be automatically converted to the new token?

• Yes, tokens held on centralized exchanges will be automatically converted.

How will the value of my holdings be affected during the token merger process?

• The value may experience market fluctuations, so caution is advised.

What wallets will support the new shared token?

• Major software wallets (e.g., MetaMask, Trust Wallet) and hardware wallets (e.g., Ledger, Trezor).

How can I convert my existing tokens to the new shared token?

• Connect your wallet to the official conversion portal on the SingularityDAO dApp and follow on-screen instructions.

Will there be any fees associated with the conversion?

• Expect standard transaction fees, but no additional conversion charges.

What happens if I miss the deadline for the token merger?

• The conversion window remains open for years, so there’s no immediate pressure.

What if I have questions or need assistance during the merger process?

• Contact official support channels, follow social media updates, and participate in community calls and AMAs.

For further questions and assistance, reach out via official channels and participate in community discussions to stay informed.