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ASI Token Launch Rescheduled To a Later Date, Here’s Why – Crypto News

Published

1 year ago

June 12, 2024

Dripp

The Artificial Superintelligence Alliance (ASI) which include SingularityNET, FetchAI and Ocean Protocol – key blockchain-based AI projects, has disclosed new timelines for the token merger.

The new date for the launch of the ASI token is July 15, 2024, which has been changed from the original date of June 13. This delay helps the two companies to avoid disrupting their ecosystems and integrate smoothly.

New Timeline for ASI Token Introduction

The Artificial Superintelligence Alliance have moved the date of the token merger of $FET, $AGIX and $OCEAN. Originally planned for June 13, the merger has been rescheduled for July 15 to better suit the timetable of exchanges, validators, and other partners in the ecosystem. This delay is to make sure that the new ASI network and token system is properly integrated into the system.

1/ 🚨 Big Update from the Artificial Superintelligence Alliance! The token merger involving #SingularityNET, #FetchAI, and #OceanProtocol has been rescheduled for July 15, 2024, moved from June 13. Let’s dive into what this means and why the change! 👇 pic.twitter.com/Cv72f5naqe

— Fetch.ai (@Fetch_ai) June 11, 2024

In the Alliance’s view, this time will be utilized to complete the work on third-party connectors and verify that all technical and logistical aspects are implemented completely.

Fetch. ai, through its official X channel, said,

“The rescheduling enables us to meet and even go beyond the needs and specifications of our partner ecosystems for the new ASI network and token.”

Continuation and Preparation

In the interim, the existing tokens, $FET, $AGIX, and $OCEAN, will continue to be traded independently on various exchanges. The integration phase is a critical one that requires technical coordination and a lot of testing since the new token has to be integrated into the digital environment.

This preparation requires a lot of coordination with third party services, which is crucial for the successful implementation of the token merger.

Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance stressed the need to be more precise and elaborate when it comes to this process. Sheikh said,

“The extra time will help make the changes needed and carry out the merger with the utmost precision and minimal errors.”

Looking Forward to the Launch

The ASI token launch is an important event for the participants and the AI and blockchain industries. It is expected that this new token will improve functions of decentralized networks and contribute to the creation of the further advanced AI systems.

The Artificial Superintelligence Alliance has ensured token holders and investors that all the information concerning token contracts, migration details, and audit reports will be provided as soon as possible. They also assured that there are no impending issues, and everyone will be notified through proper channels.

Bruce Pon, founder and CEO of Ocean Protocol and board director of the ASI Council, expressed gratitude towards the community for their patience and anticipation for the merger.