- Binance to merge Fetch.ai, Ocean Protocol, and SingularityNET tokens into ASI token.
- Binance will suspend FET, OCEAN, and AGIX deposits and withdrawals starting July 1, 2024.
- Trading for the new ASI token will commence on Binance starting July 5, 2024.
Binance has announced it will support the upcoming merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens into the new Artificial Superintelligence (ASI) token. The exchange will handle all technical aspects to ensure a smooth transition for its users.
Starting July 1, 2024, at 3:30 AM UTC, Binance will temporarily suspend deposits and withdrawals of FET, OCEAN, and AGIX to prepare for the merge. Users should plan their transactions accordingly.
Binance will also delist all spot trading pairs for FET, OCEAN, and AGIX, including AGIX/BTC, AGIX/FDUSD, FET/BTC, FET/USDT, OCEAN/BNB, and OCEAN/USDT. Open orders will be automatically removed after trading ceases.
Trading of the new ASI token on Binance will open on July 5, 2024, at 8:00 AM UTC. FET, OCEAN, and AGIX token holders will have their holdings automatically converted to ASI at the following rates:
- 1 FET = 1 ASI.
- 1 OCEAN = 0.433226 ASI.
- 1 AGIX = 0.433350 ASI.
Binance Margin will delist cross and isolated margin trading for these pairs by June 26, 2024, at 6:00 AM UTC. All positions will be automatically settled and canceled. For Binance Loans users, outstanding loan positions for FET, OCEAN, and AGIX will be closed by June 25, 2024, at 3:00 AM UTC. Users are advised to repay any outstanding loans before this deadline.
Binance Simple Earn products for FET, OCEAN, and AGIX will cease support on June 28, 2024, at 3:00 AM UTC. Balances will be automatically redeemed and credited to users’ Spot Wallets. Locked FET products will be converted to ASI locked products on July 8, 2024, at 4:00 AM UTC.
Binance through its latest announcement will manage all technical requirements for the merge, ensuring a seamless token swap for users.
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