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bitcoin
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ethereum
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tether
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bnb
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usd-coin
USDC (USDC) $ 0.999192
xrp
XRP (XRP) $ 0.547222
binance-usd
BUSD (BUSD) $ 0.948519
dogecoin
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cardano
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solana
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matic-network
Polygon (MATIC) $ 0.509868
polkadot
Polkadot (DOT) $ 6.10
tron
TRON (TRX) $ 0.134641

What You Need to Know Before July 1st

Must Read

Fetch.ai, a participant within the upcoming Synthetic Superintelligence Alliance (ASI) token merger, has issued a rip-off warning to customers because the July 1st launch date approaches.

The merger goals to consolidate three current tokens—SingularityNET’s AGIX, Ocean Protocol’s OCEAN, and Fetch.ai’s personal FET—right into a single new token referred to as ASI.

⚠️Rip-off warning: Be cautious of impersonation scams, pretend hyperlinks and pretend social media accounts. Confirm info from official sources for a safe transition. For extra essential particulars discover the whole token migration information: https://t.co/ORyi4ywi9p

— Fetch.ai (@Fetch_ai) June 26, 2024

The primary part of the ASI migration focuses on merging the three tokens on the Ethereum blockchain. Holders on different chains should bridge their tokens from their respective chains to take part in part 1. Those that want to attend for help from completely different chains, reminiscent of Cardano or Polygon, can go for part 2.

The rebranding will see the challenge renamed the Synthetic Superintelligence Alliance throughout main platforms. Moreover, AGIX and OCEAN will quickly merge into FET beneath the ASI banner. FET buying and selling will proceed uninterrupted beneath the FET ticker.

https://t.co/GdSj7PdN0D

— Synthetic Superintelligence Alliance (@ASI_Alliance) June 24, 2024

On July 1, 2024, challenge names and logos might be up to date, and deposits and withdrawals for AGIX and OCEAN will shut. Nevertheless, FET deposits, withdrawals, and buying and selling will proceed as ordinary. The migration platform for AGIX and OCEAN to FET will open on the SingularityDAO dApp. Furthermore, AGIX and OCEAN will start to be delisted from exchanges.

Furthermore, token holders with funds on centralized exchanges like Binance needn’t take motion. Their OCEAN and AGIX tokens will mechanically convert to FET on the applicable ratio on July 1st. This might be adopted by a clean transition to ASI in mid-July. People holding their funds in self-custody throughout the Ethereum mainnet will obtain detailed guides and tutorials to facilitate a hassle-free transition.

Section II will concentrate on neighborhood member onboarding, notably for many who have opted to self-custody their funds. Moreover, the ASI token might be deployed throughout chains. Fetch.ai’s community will improve to the ASI community.

Moreover, new migration contracts might be launched for conversion from FET, AGIX, and OCEAN to ASI. Ethereum Digital Machine and different bridges will open to facilitate ASI token transfers. Moreover, exchanges will start migrating spot markets from FET to ASI.

Fetch.ai emphasizes that people won’t be required to reveal non-public info, together with seed phrases, at any level. The neighborhood is warned to concentrate on potential scams throughout this transition interval. Malicious actors might try impersonation, spoofing, and social engineering ways. It’s essential to belief solely official sources of data.

Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version will not be chargeable for any losses incurred because of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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