The initial phase of the ASI token merger sees AGIX and OCEAN tokens integrate into Fetch.ai’s FET, with limited exchange support.
The first phase of the Artificial Superintelligence Alliance (ASI) token merger commenced on July 1, with the merger of two artificial intelligence (AI) tokens, SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens.
In phase 1 of the $7.5 billion token merger, the AI tokens merged into Fetch.ai’s FET (FET) token, which resulted in the widescale delisting of the former tokens across all crypto exchanges.
However, not all crypto exchanges supported this merger for their users. Coinbase opted not to support the ASI merger. As a result, Coinbase did not introduce a mechanism that would automatically convert users’ token holdings during the merger.