Fetch AI, a leading blockchain ecosystem, has announced a seamless transition for FET holders as it prepares for a major network upgrade. The upcoming merger with ASI tokens has been a topic of great interest among investors, but it has also brought about some challenges.

Automatic and Secure Conversion Process

To ensure a smooth transition, Fetch AI has guaranteed that all FET tokens held on the mainnet will be automatically converted to ASI tokens during the network upgrade. This process will be carried out securely and accurately, with measures in place to protect staked funds and rewards. Users can rest assured that their assets will be transferred without any manual intervention required on their part.

Manual Conversion Portal for Non-Supporting Exchanges

For those holding FET tokens on exchanges that do not support the ASI migration, Fetch AI has provided a solution. After the network upgrade is complete, a manual conversion portal will be made available. This portal will allow users to transfer their FET tokens to ASI tokens, ensuring that no one is left behind in the migration process.

Phased Approach to Token Merger

The ASI token merger will be carried out in two phases. The first phase will involve the tokenization of AGIX and OCEAN into FET, followed by their transition to ASI. This approach will maintain the continuity of FET trading while facilitating a smooth rebranding process on platforms like CoinMarketCap and CoinGecko.

Price Trends Amid Investor Interest

Despite the high level of investor interest surrounding the merger, FET, AGIX, and OCEAN have experienced significant price declines. FET has failed to break through the intra-day high of $0.6665, dropping to a low of $0.6054. AGIX and OCEAN have followed a similar bearish trend, with both tokens swaying between 24-hour highs and lows.

As Fetch AI navigates this pivotal transition, it remains committed to ensuring a seamless experience for its users. The automatic conversion process and the provision of a manual conversion portal demonstrate the organization's dedication to inclusivity and user satisfaction. As the merger progresses, it will be interesting to see how the market reacts and whether the ASI token can gain traction in the competitive blockchain ecosystem.