Community vote on April 2nd to decide $7.5B AI crypto token merger

A community vote is set to take place on April 2 to approve a token merger worth $7.5 billion. The merger involves artificial intelligence (AI) protocols SingularityNet, Fetch.ai, and Ocean Protocol. Each protocol will have a separate community vote, with all voting expected to be completed by April 16. If the merger is approved, SingularityNet’s AGIX token, Fetch.ai’s FET token, and Ocean Protocol’s OCEAN token will be replaced with the new Artificial Superintelligence Alliance’s ASI token. The merged token would have a fully diluted market capitalization of $7.6 billion across 2.631 billion tokens. Currently, the combined market cap of the three tokens is around $5.3 billion. The teams stated that holders of FET will be able to swap their tokens for ASI at a rate of 1:1. Additionally, OCEAN and AGIX holders will be able to convert their tokens into ASI at a fixed rate. An additional 1.48 billion ASI tokens will be minted, with AGIX holders receiving 867 million ASI and OCEAN tokenholders receiving 611 million ASI. The Superintelligence Alliance aims to develop decentralized AI protocols on the blockchain that cannot be controlled by centralized parties or large stakeholders. Fetch.ai also announced GPU rewards for tokenholders following a $100 million investment in infrastructure.