FET will carry out the first phase of merging with AGIX and OCEAN tokens at 23:00 today

BlockBeats reported that on July 1, SingularityDAO published a post on X stating that at 23:00 today, FET will start the first phase of the ASI token merger plan with AGIX & OCEAN.

BlockBeats previously reported that Binance will stop trading and delist all existing FET, OCEAN and AGIX spot trading pairs at 11:00 on July 1, 2024 (Eastern Time 8); and will open ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, ASI/USDT spot trading at 16:00 on July 5, 2024 (Eastern Time 8).

AGIX and OCEAN will be converted to FET and then to ASI tokens starting from July 1.

The first phase is scheduled to start on July 1, 2024. The migration platform from AGIX and OCEAN to FET will be opened on SingularityDAO dApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET.

The second phase is the cross-chain deployment of ASI tokens, the FET network is upgraded to the ASI network, the migration contracts from FET, AGIX, OCEAN to ASI are open, EVM and other bridges are open, and trading platforms begin to migrate from FET to ASI's spot market.