The noteworthy cryptocurrency exchange, Binance, has expressed its backing for the integration of three altcoins – Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) – into a fresh cryptocurrency called Artificial Superintelligence (ASI). The process of amalgamation will go through essential steps and timelines to ensure a hassle-free experience for the holders of these altcoins.

Key Timelines for FET, OCEAN, and AGIX

Commencing at 06:30 AM (UTC) on July 1, 2024, Binance will halt deposits and withdrawals for FET, OCEAN, and AGIX. Users are strongly advised to conclude their deposit transactions before this deadline. Subsequent to the merger, Binance will keep the community informed about the commencement of deposits and withdrawals for the new ASI coin.

Post the merger, deposits and withdrawals for the individual coins FET, OCEAN, and AGIX will cease to be accepted. Binance will manage all the necessary technical procedures for the transition on behalf of its users.

Conversion Rates and Trading Transition

Distinct conversion rates will be applied: 1 FET will correspond to 1 ASI, 1 OCEAN will convert to 0.433226 ASI, and 1 AGIX will exchange for 0.433350 ASI. Users will witness these conversions in their accounts after the completion of the merger.

Moreover, trading for all spot pairs involving FET, OCEAN, and AGIX will be delisted and paused from 06:00 AM (UTC) on July 1, 2024. Users are recommended to adjust or cancel their trading bot strategies to mitigate any potential losses. Trading for new pairs like ASI/BNB, ASI/BTC, and ASI/USDT is scheduled to commence at 11:00 AM (UTC) on July 5, 2024.

Vital User Recommendations

• Ensure the completion of all FET, OCEAN, and AGIX deposits before 06:30 AM (UTC) on July 1, 2024.
• Stay vigilant for Binance notifications on the reactivation of ASI deposits and withdrawals.
• Make necessary changes to trading bot strategies before July 1, 2024, to manage risks effectively.
• Close futures trading positions for FETUSDT, OCEANUSDT, and AGIXUSDT contracts before June 25, 2024.
• Take note that margin trading for AGIX/BTC, FET/USDT, and OCEAN/BTC pairs will be halted by June 26, 2024.

To summarize, Binance's initiative to merge FET, OCEAN, and AGIX into the novel ASI coin aims to streamline user interactions and introduce a consolidated altcoin. Users are advised to adhere to the specified timelines for a smooth transition.