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Binance Completes Merger of AI Tokens into Artificial Superintelligence Alliance

Jul 5, 2024

The conversion rates for OCEAN and AGIX tokens to FET tokens on Binance have been set at 1 OCEAN = 0.433226 FET and 1 AGIX = 0.433350 FET. Following the completion of the merger, where Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) have been unified into a single token known as the Artificial Superintelligence Alliance by Binance, users can now deposit and withdraw the consolidated FET token. Withdrawals for OCEAN and AGIX tokens have been halted post-merge. Market reactions to the merger have been varied with the FET/USDC trading pair witnessing a 4.28% decline in value. The move by Binance aims to promote advancements in AI and blockchain technology through the streamlined operations of the combined projects.

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