• With the ASI token merger, beginning July 1, 2024, AGIX, OCEAN, and FET tokens will turn into the unified ASI token.
• Fetch.ai has warned the neighborhood to be cautious of scams and to solely belief official sources through the ASI token transition.
• Holders on centralized exchanges like Binance don't have to do something – their tokens can be routinely transformed to FET.

Fetch.ai, a participant within the upcoming Alliance for Synthetic Superintelligence (ASI) token merger, has issued a rip-off warning to customers because the July 1 launch date approaches.

The merger goals to mix three present tokens – SingularityNET’s AGIX, Ocean Protocol’s OCEAN, and Fetch.ai’s personal FET – into one new token known as ASI.

The primary section of the ASI migration focuses on the mixing of the three tokens on the Ethereum blockchain. Holders of different chains might want to bridge their tokens from their respective chains to take part in Section 1. Those that choose to attend for help from completely different chains, resembling Cardano or Polygon, can go for Section 2.

As a part of the rebranding, the undertaking will change its title throughout all main platforms to Synthetic Superintelligence Alliance, and AGIX and OCEAN will briefly merge into FET beneath the ASI model title, with buying and selling of FET persevering with uninterrupted beneath the FET ticker.

On July 1, 2024, the undertaking title and emblem can be up to date and deposits and withdrawals of AGIX and OCEAN will stop. Nonetheless, deposits and withdrawals and buying and selling of FET will proceed as regular. The migration platform from AGIX and OCEAN to FET can be opened on the SingularityDAO dApp. Additionally, AGIX and OCEAN will begin to be delisted from exchanges.

Moreover, token holders who maintain funds on centralized exchanges like Binance don’t have to do something; their OCEAN and AGIX tokens will routinely be transformed to FET on the acceptable ratio on July 1st, adopted by a easy transition to ASI in mid-July. People who self-manage their funds on Ethereum mainnet can be supplied with detailed guides and tutorials to help with a easy transition.

Section II will concentrate on onboarding neighborhood members, particularly those that select to self-manage their funds. Moreover, the ASI token can be deployed throughout chains, and Fetch.ai's community can be upgraded to the ASI community.

Moreover, new migration contracts can be launched for conversion of FET, AGIX, and OCEAN to ASI. Ethereum Digital Machine and different bridges can be opened to facilitate switch of ASI tokens. Moreover, exchanges will start migrating their spot markets from FET to ASI.

Fetch.ai emphasizes that at no level do you have to disclose any private data, together with your seed phrase. The neighborhood is warned to be cautious of potential scams throughout this transition interval. Unhealthy actors could try impersonation, spoofing, and social engineering techniques. You will need to solely belief official sources.