Token Delistings Have begun Ahead of the Merger of Three Altcoins

The first phase of the token merger initiated by the Artificial Superintelligence Alliance (ASI) began on July 1, involving the integration of SingularityNET's AGIX and Ocean Protocol's OCEAN into Fetch.ai's FET token.

This $7.5 billion merger led to the widespread exclusion of the original tokens from all crypto exchanges.

Despite the merger, not all crypto exchanges supported it. In particular, Coinbase did not implement a mechanism to automatically convert user-owned tokens into the new ASI token.

Coinbase will continue to support trading for FET and OCEAN until further notice. Users who wish to transfer their holdings to ASI should use a self-custodial wallet such as Coinbase Wallet.

Ocean (OCEAN) and https://t.co/pOEE8X2oY0 (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.

— Coinbase Assets 🛡️ (@CoinbaseAssets) June 26, 2024

The token merger marks a significant step in the integration of AI tokens, but it faces challenges related to the support of exchanges.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.