The recent community-approved merger proposal by SingularityNET, Fetch.ai, and Ocean Protocol marks the formation of the Superintelligence Alliance (ASI), set to launch in May 2024. This article explores the token conversion process, post-merger business focus, and potential arbitrage opportunities stemming from the three-token consolidation.
Key Details of the ASI Token Merger
- Total ASI Supply: 2.63 billion tokens
- Fully Diluted Valuation: $7.5 billion (projected Top 20 cryptocurrency)
Token Conversion Rates:
- $FET** → **$ASI: 1:1
- $AGIX** → **$ASI: 0.43335:1
- $OCEAN** → **$ASI: 0.433226:1
Arbitrage Potential
As of April 17, 2024:
| Token | Price | Equivalent ASI Value | Arbitrage Gap |
|---|---|---|---|
| $FET | $2.04 | $2.04 | Baseline |
| $AGIX | $0.84 | $1.938 | 2.7% |
| $OCEAN | $0.86 | $1.985 | 5% |
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Conversion Process and Timeline
- Centralized Exchanges: Automatic conversion for holders (no action required).
- Wallet/Third-Party Holders: Manual conversion mechanism to be released in upcoming weeks.
- Liquidity Pool Removal: Triggered once 95% of $AGIX/$OCEAN supply is converted.
Post-Merger Governance
The ASI Governance Council will oversee operations, chaired by:
- Humayun Sheikh (Fetch.ai Founder)
- Ben Goertzel (SingularityNET CEO)
- Trent McConaghy & Bruce Pon (Ocean Protocol Team)
Strategic Vision
The alliance aims to build a decentralized AI network prioritizing:
✅ Open-source development
✅ User data ownership
✅ Fair distribution of AI benefits
FAQs
Q: When does ASI officially launch?
A: The alliance goes live on May 24, 2024, though tokens can convert earlier.
Q: Will existing projects operate independently?
A: Yes—Fetch.ai, Ocean Protocol, and SingularityNET remain separate entities but collaborate under the ASI ecosystem.
Q: What’s the long-term goal of ASI?
A: To create Artificial Superintelligence (ASI) and Artificial General Intelligence (AGI) alternatives to centralized AI models.
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Note: This content is for informational purposes only and does not constitute financial advice.