ASI token merger phase 1 results in delisting of AGIX, OCEAN

The first phase of the Artificial Superintelligence Alliance token merger commenced on July 1, with the merger of two artificial intelligence tokens, SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens.

. As a result, Coinbase did not introduce a mechanism that would automatically convert users’ token holdings during the merger.In the meantime, FET and OCEAN trading will continue working on Coinbase until further notice. Users that wish to manually migrate their holdings into FET can use a workaround Coinbase shared:

According to the website, in Phase 1, AGIX tokens will migrate to FET at a conversion rate of 1 AGIX to 0.43335 FET.Related:On June 20, the trading value of FET and AGIX tokens surged more than 30% following a three-month downtrend.

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