Fetch AI has recently shared crucial information about the upcoming ASI token merger, which involves the consolidation of Fetch AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) tokens into a unified single token. This merger is set to reshape the landscape of AI tokens and marks a significant milestone for the Artificial Superintelligence Alliance.

The ASI token merger will unfold in two phases, with the first phase focusing on the integration of AGIX and OCEAN tokens into Fetch AI (FET). During this phase, FET trading will remain uninterrupted, ensuring a seamless rebranding process across platforms such as CoinMarketCap and CoinGecko.

The rebranding will officially commence on July 1, 2024, updating project names and logos, and closing AGIX and OCEAN deposits. FET deposits and trading will continue without any change, and a migration platform will open on the SingularityDAO decentralized application (dApp).

The second phase will concentrate on community engagement and the deployment of ASI tokens. This phase will prioritize holders who self-custody their tokens, deploy ASI tokens across multiple chains, and introduce new migration contracts to Fetch AI upgrades to ASI.

The conversion rates for the merger are set at 1 AGIX = 0.433350 ASI, 1 OCEAN = 0.433226 ASI, and 1 FET = 1 ASI. Fetch AI emphasizes the importance of caution during this transition, warning against impersonation scams, fake links, and fraudulent social media accounts. Users are urged to verify information through official channels to ensure a secure transition.

Despite the exciting news, the prices of FET, AGIX, and OCEAN have declined today amid a broader market downturn. FET price slipped 4.18% to $1.61, AGIX price plunged 4.24% to $0.6636, and OCEAN price fell nearly 4% over the last 24 hours.

The ASI token merger represents a significant development in the AI coin sector, potentially setting a new standard for token integration and rebranding within the crypto space. As the crypto community eagerly awaits the merger, Fetch AI's focus remains on ensuring a seamless transition and capitalizing on the renewed enthusiasm surrounding the ASI token.