Binance Completes Merger of AGIX, FET and OCEAN Tokens

IconCryptoNewsTerminal Staff05 Jul, 2024

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Binance Completes Merger of AGIX, FET and OCEAN Tokens

Binance Completes Merger of AGIX, FET and OCEAN Tokens Binance has announced the completion of the ASI token merger for SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN). As a result of the merger, OCEAN and AGIX withdrawals are no longer supported, while FET deposits and withdrawals have resumed. According to the official announcement on the Binance website, SingularityNET previously stated that FET will be swapped at a ratio of 1:1, OCEAN at a ratio of 1:0.433226 ASI, and AGIX at a ratio of 1:0.433350 ASI. This merger is expected to simplify trading and enhance liquidity for these three projects. Binance users who hold AGIX, FET, or OCEAN tokens should take note of the changes to deposits and withdrawals.