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The largest crypto exchange by trading volume, Binance, will delist and suspend Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens in support for Artificial Superintelligence Alliance (ASI) merger. AI crypto coins are rallying on the back of this news, with AGIX, OCEAN, and FET leading by double digits. Binance Delists Ocean Protocol and SingularityNET Binance has announced that it will support the ASI token alliance. The first act of support will be to delist Ocean Protocol and SingularityNET native tokens, OCEAN and AGIX, respectively. The action, effective July 1, will mean ceasing trading for the tokens and suspending all deposits and withdrawals. “At 2024-07-01 03:30 (UTC), deposits and withdrawals of Ocean Protocol (OCEAN) and SingularityNET (AGIX) will be suspended. Please ensure that you leave sufficient time for your OCEAN and AGIX deposits to be fully processed prior to this time,” the announcement states. Binance has also committed to handle all technical requirements for AGIX and OCEAN holders. The two tokens will assume the ticker of FET at Binance, swapped at a ratio of 1 OCEAN to 0.433226 FET for the Ocean Protocol and 1 AGIX to 0.433350 FET for the SingularityNET token. Read More: How Will Artificial Intelligence (AI) Transform Crypto? As BeInCrypto reported in late March, Fetch.ai, SingularityNET, and Ocean Protocol committed to entering a definitive merger agreement. Under the terms of the contract, their respective utility tokens, FET, AGIX, and OCEAN, would become one ASI. Effectively, they would achieve “the largest open-source, independent player in AI research and development.” This strategic move aims to foster the development of a decentralized AI platform, a vision shared by all parties. Despite the merger of their tokens into the ASI token, SingularityNET, Fetch.ai, and Ocean Protocol will maintain their operational independence. However, they will collaborate under the umbrella of the Superintelligence Collective. This new coalition will be led by Ben…

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Filed under: News - @ June 21, 2024 4:22 am