Artificial Superintelligence Alliance, a collective project including Ocean Protocol, SingularityNET, and Fetch.ai, has announced an exclusive development. As per the announcement, the platform has issued the revised timeline regarding the token merger as the 15th of the next month. The former fixed date for the respective initiative was the 13th of June. $ASI token will now launch on July 15, 2024. The move has not been welcomed by the followers.
ASI Token New Launch Date is 15th July
The collective project focuses on the seamless and effective integration of the token merger of the above-mentioned platforms. Fetch published a comprehensive blog post detailing the respective development. The company disclosed that it became necessary for them to revise the respective date. It added that some technical dependencies and logistical requirements made it inevitable for their accommodation.
The preparation stage for the respective merger takes into account the management of complicated integrations. In addition to this, it also includes careful coordination, as well as attention to several other factors. Such 3rd-party dependencies play a crucial role in offering a streamlined organization of the entire token merger procedure. Additionally, it also attempts to guarantee the adequate fulfillment of the stakeholders’ requirements.
3rd-Party Dependencies Push to Delay the Date for Anticipated Token Merger
Why is the ASI Token launch delayed? While the platform labels this procrastination as unfortunate, it also calls it a strategic move. It will reportedly guarantee compliance with the top efficiency and accuracy standards while carrying out the token merger. Fetch.ai revealed that the OCEAN, AGIX, and FET tokens will see a merger on the 15th of the upcoming month. The merger will reportedly result in the formation of the exclusive ASI token.
Moreover, the platform also discussed the present status of the project. According to Fetch.ai, the OCEAN, AGIX, and FET tokens can keep on independently trading on the crypto exchanges. In the case of future moves, it pointed toward the finalization of the 3rd-party integrations. As per it, the ASI coin will launch following that development.
Following that, the OCEAN, AGIX, and FET tokens will stop trading autonomously as the merged ASI token will be released. The Artificial Superintelligence Alliance and SingularityNET Foundation’s chief executive officer Ben Goertzel also remarked on this development. The executive stated that the collaborating entities are attempting to resolve the complications while executing the merger.