Community voting for $7.5B AI crypto token merger set on April 2

A community vote is scheduled for April 2 to approve a token merger worth $7.5 billion. The merger involves three artificial intelligence protocols: SingularityNet, Fetch.ai, and Ocean Protocol. Each protocol will have a separate community vote, and all voting will be completed by April 16. If the merger is approved, the SingularityNet (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) tokens will be replaced by the Artificial Superintelligence Allia (ASI) token. ASI will have a fully diluted market cap of $7.5 billion across 2.631 billion tokens, compared to the current combined market cap of $5.3 billion for the three tokens. Developers explained that users will be able to swap their FET tokens for ASI tokens at a rate of 1:1, and the FET token will serve as the reserve currency of ASI. Additionally, OCEAN and AGIX token holders will be able to convert their tokens into ASI at a new fixed rate. The merger will result in the minting of 1.48 billion ASI tokens, with 867 million allocated to AGIX holders and 611 million allocated to OCEAN token holders. The swap mechanism will be available indefinitely for OCEAN and AGIX users holding tokens on self-custody wallets. The merger is part of the Superintelligence Alliance’s goal to develop decentralized AI protocols that are not controlled by centralized parties or large stakeholders. Fetch.ai also announced that tokenholders will receive GPU rewards after a $100 million infrastructure investment.