April 2 set for community vote on $7.5B merger of AI crypto tokens

A community vote is scheduled for April 2 to approve a token merger worth $7.5 billion. The merger involves three artificial intelligence protocols: SingularityNet, Fetch.ai, and Ocean Protocol. Each protocol will have a separate community vote, and if approved, their respective tokens (AGIX, FET, and OCEAN) will be replaced with the new ASI token from the Artificial Superintelligence Alliance. The merged token is expected to have a fully diluted market capitalization of $7.6 billion. The teams have announced that the swap rate will be 1:1, meaning holders of FET can exchange it for ASI at the same value. FET will serve as the reserve currency for ASI, and OCEAN and AGIX holders will be able to convert their tokens into ASI at a fixed rate. An additional 1.48 billion ASI tokens will be minted, with a significant portion allocated to AGIX and OCEAN tokenholders. The merger aims to develop decentralized AI protocols that cannot be controlled by centralized parties or large stakeholders.