SingularityNET has announced key dates for ERC-20 token holders to swap their AGIX, FET, and OCEAN tokens for the new Artificial Superintelligence Alliance (ASI) token. This token swap is part of a broader merger with Fetch.ai and Ocean Protocol, creating a significant shift in the blockchain and AI landscape.

According to a blog post dated June 3, the swap will occur at the following conversion rates:
- FET tokens to ASI at a 1:1 ratio.
- AGIX tokens to ASI at a 1:0.433350 ratio.
- OCEAN tokens to ASI at a 1:0.433226 ratio.

The swap process will commence on different dates for each token. FET holders can begin swapping their tokens for ASI on June 11, while AGIX and OCEAN holders will have the opportunity starting on June 13. SingularityNET has pledged to provide "step-by-step guides" to assist users through the swapping process, with additional details for AGIX holders on the Cardano network to be released soon.

This merger, initially reported by crypto.news in mid-March, is expected to value the combined entity at approximately $7.5 billion. The newly formed alliance will be governed by the “Superintelligence Collective,” led by SingularityNET founder Ben Goertzel. Humayun Sheikh, CEO of Fetch.ai, will take on the role of chairman, steering this innovative collaboration forward.

With over 200,000 token holders affected, this merger and token swap represent a significant consolidation within the AI and blockchain sectors. The integration of AGIX, FET, and OCEAN into the ASI token underlines the growing synergy between artificial intelligence and blockchain technologies, promising enhanced capabilities and value for the involved communities.

Further details and updates will be provided by SingularityNET as the swap dates approach, ensuring a smooth transition for all token holders involved in this landmark merger.