Binance is launching the conversion of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens to its Artificial Super Intelligence (ASI) token, starting July 1, 2024. As of this date, deposits and withdrawals of these tokens will be stopped. Binance will carry out token exchanges on behalf of users, and new spot trading pairs such as ASI / BNB, ASI / BTC will become active on July 5, 2024.

Binance’s statement as it follows:

“Fellow Binancians,

Binance will support the Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) token merge to Artificial Superintelligence (ASI).

Deposits and Withdrawals

At 2024-07-01 03:30 (UTC), deposits and withdrawals of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) will be suspended. Please ensure that you leave sufficient time for your FET, OCEAN, and AGIX deposits to be fully processed prior to this time. 

Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of ASI will be opened.

After the event is complete, deposits and withdrawals of FET, OCEAN, and AGIX tokens will no longer be supported.

Binance will handle all technical requirements for users who are involved in this event.

Users may refer to the announcement from the project team for more information.

Merge Details

FET, OCEAN, and AGIX tokens will assume the ticker of ASI at Binance.

All FET, OCEAN, and AGIX tokens will be swapped to ASI at a ratio of:

1 FET = 1 ASI;

1 OCEAN = 0.433226 ASI;

1 AGIX = 0.433350 ASI.

Spot

At 2024-07-01 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for FET, OCEAN, and AGIX. 

The exact trading pairs being removed are: AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, FET/BNB, FET/BTC, FET/BRL, FET/FDUSD, FET/TRY, FET/USDC, FET/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, OCEAN/USDT.

All trade orders will be automatically removed after trading ceases in each respective trading pair.

Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-07-01 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

At 2024-07-05 08:00 (UTC), trading will open for the ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT spot trading pairs. 

Futures

Binance Futures will close all positions and conduct an automatic settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts at 2024-06-25 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2024-06-25 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.

At 2024-06-25 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT symbols.  

Margin

Binance Margin will delist the AGIX/BTC, AGIX/USDT, FET/BTC, FET/USDT, OCEAN/BTC, and OCEAN/USDT cross margin and isolated margin pair(s) at 2024-06-26 06:00 (UTC).

At 2024-06-21 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs.

At 2024-06-26 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs. These pairs will then be removed from Binance Margin. 

Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallet to Spot Wallet prior to the cessation of margin trading at 2024-06-26 06:00 (UTC). Binance will not be responsible for any potential losses.

Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-06-26 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet. 

All FET, OCEAN, and AGIX balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-06-26 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. 

A separate announcement will be made for relisting.”

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The post Binance Will Support FET, OCEAN and AGIX Token Merger appeared first on Coin Engineer.

According to data from on-chain analytics platform Spot On Chain, a wallet linked to SingularityNET (AGIX) went on a selling spree on June 6th.

The wallet dumped 4 million AGIX worth $3.63 million on crypto exchange Binance. It is noteworthy that the wallet had not been active for the past 6 months.

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Will the big AI merger news turn into a sell-off event?

AGIX, Fetch.ai (FET), and Ocean Protocol (OCEAN) are merging into a single cryptocurrency called Artificial Superintelligence token (ASI) on June 13th. This merger will bring about a new token economy and dynamics.

In a bull market where the AI craze is so dominant, the teams behind the 3 projects may have tried their luck to create a new hype.

FET will be positioned as the reserve token of the alliance. However, it will later take on the form of the Artificial SuperIntelligence ASI Token. The conversion ratio is 1:1. There will be 1 ASI Token for every 1 FET.

The post Whales Dumping Ahead of AI Altcoin Merger: Is This News Selling? appeared first on Coin Engineer.

According to a Bloomberg report citing anonymous sources, these companies are exploring the possibility of merging their native tokens (AGIX, FET, and OCEAN respectively) to create a unified token for a decentralized AI platform.

Token Prices Spike on Merger News

The rumor has sent shockwaves through the crypto market, with all three tokens experiencing significant price surges. As of press time, SingularityNET (AGIX) is up 12%, Fetch.ai (FET) has climbed 15%, and Ocean Protocol (OCEAN) leads the pack with a staggering 34% increase. This positive sentiment has also boosted the broader AI crypto sector, which has seen a 23% growth over the past week. Notably, all three tokens involved in the potential merger now rank within the top ten AI cryptocurrencies.

Details of the Proposed Merger

Details surrounding the potential merger remain scarce. Bloomberg’s sources suggest the merged entity would operate under a single token dubbed “ASI,” with a fully diluted market capitalization of approximately $7.5 billion. The deal, which could be announced as early as Wednesday, would require approval from each individual project’s community.

Governance and Leadership Structure

The report outlines a potential governance structure for the merged platform. The three individual platforms would reportedly continue functioning independently, collaborating under the guidance of a “Superintelligence Collective” led by SingularityNET’s founder and CEO, Ben Goertzel. Bloomberg’s sources further suggest that Fetch.ai CEO Humayun Sheikh, an early investor in Google’s DeepMind AI acquisition, would serve as chairman.

Motivation for Decentralized AI

The report highlights the motivation behind the potential merger. It suggests that emerging AI platforms like SingularityNET, Fetch.ai, and Ocean Protocol are striving to create a decentralized AI ecosystem on the blockchain. This approach aims to prevent the concentration of control over AI development in the hands of large corporations like Microsoft, Google, and Facebook.

Official Statements Awaited

At the time of writing, none of the involved companies (SingularityNET, Fetch.ai, or Ocean Protocol) have issued official statements regarding the potential merger on their social media channels or official blogs. The decentralized AI community eagerly awaits further details about the proposed ASI token and its potential impact on the future of decentralized AI development on the blockchain.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram,  YouTube, and Twitter for the latest news and updates.

The post Top 3 AI Projects Soar on Rumors of Token Merger for Decentralized AI Platform appeared first on Coin Engineer.

SingularityNET (AGIX)

Fetch.AI (FET) and SingularityNET (AGIX) are leading the charge, with price increases of nearly 18% to 20%, positioning them as potential top gainers for the day.

Breaking Bullish: AGIX has broken above a bullish flag pattern after a period of consolidation.

MACD Crossover: This breakout is accompanied by a bullish MACD crossover, indicating increasing buying pressure.

Potential for New Highs: The token is expected to surpass $1 and potentially reach a new all-time high (ATH).

Strong Momentum: Continued bullish momentum could see AGIX reach above $2 in the long term.

What is AGIX? How does it work?

SingularityNET is an artificial intelligence marketplace. It’s a platform that allows users to generate revenue. With SingularityNET, developers can develop artificial intelligence programs and offer them for sale. Users who require artificial intelligence services can also purchase the programs on offer.

On the SingularityNET platform, it is possible to use and trial artificial intelligence services before having to commit to paying for them. Users who need are seeking specific artificial intelligence services can contact SingularityNET’s expert community. Users can contact experts through a portal called Request for AI (RFAI).

SingularityNET was founded in the Netherlands in 2017. The developers of SingularityNET include Dr. Ben Goertzel, Simone Giacomelli and Dr. David Hanson. The project’s development team also pioneered AI development with a bot named Sophia — they say Sophia is the bot most comparable to a human.

SingularityNET’s native token is AGIX. AGIX is an Ethereum blockchain based, ERC-20 token. Users can review, test and purchase artificial intelligence services on the platform using the AGIX token. AGIX token holders are able to shape SingularityNET’s governance decisions. AGIX token holders can also stake their tokens on the network.

The supply of AGIX is capped at 2,000,000,000.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post AI Tokens Rise: SingularityNET (AGIX) Surge appeared first on Coin Engineer.

According to data provided by Token Unlocks, between February 26 and March 3, 16 altcoin projects, including Optimism (OP), dYdX and 1inch, will unlock over $360 million in total.

In the coming week, Nym (NYM), Yield Guild Games (YGG), Echelon Prime (PRIME), Sui (SUI), Optimism (OP), Manta Network (MANTA), dYdX (DYDX), GMT (GMT) are the most important token unlocks.

Opitmism, dYdX and Sui Draw Attention (token unlock)

In particular, the opening of 33.33 million locks worth $113 million in dYdX attracts attention with a circulating supply of 11.09%. Optimism’s $101 million worth of lock opening needs to be taken into consideration with a supply ratio of 2.77%. In Sui, 44.29 million assets worth $ 72 million will be unlocked, equivalent to 3.80% of the circulating supply.

The cryptocurrencies that will be unlocked are as follows:

Nym (NYM): 25 million assets worth $5.3 million will be unlocked as of 03:00 on February 27th. 3.63% of the circulating supply will be released.

Yield Guild Games (YGG): 16.69 million assets worth $9 million will be unlocked as of 05:00 on February 27th. 5.57% of the circulating supply will be released.

SingularityNET (AGIX): 8.97 million assets worth $6.7 million will be unlocked as of 03:00 on February 28th. 0.71% of the circulating supply will be released.

Pendle (PENDLE): 308,000 assets worth $848,000 will be unlocked over the next week. Unlocking will begin at 03:00 on February 28th. 0.32% of the circulating supply will be released.
Echelon Prime (PRIME): 1.66 million assets worth $20 million will be unlocked as of 03:00 on February 29th. 4.89% of the circulating supply will be released.

Sui (SUI): 44.2 assets worth 72 million will be unlocked as of 03:00 on February 29th. 3.80% of the circulating supply will be released.

Optimism (OP): 26.49 million assets worth $100 million will be unlocked as of 07:00 on February 29th. 2.77% of the circulating supply will be released.

Euler (EUL): 747,000 assets worth $128,000 will be unlocked as of 13.37 on February 29th. 0.69% of the circulating supply will be released.

1inch (1INCH): 64,000 assets worth $31,000 will be unlocked as of 15:00 on February 29th. 0.01% of the circulating supply will be released.

Others

Manta Network (MANTA): 3 million assets worth $9 million will be unlocked as of March 1, 02.59 PM ET. 1.22% of the circulating supply will be released.

dYdX (DYDX): 33.33 million assets worth $113 million will be unlocked as of March 1, 03.00 BST. 11.09% of the circulating supply will be released.

GMT (GMT): 23.1 million assets worth $6 million will be unlocked over the next week. Unlocking will begin at 03.00 on March 1, 03.00 GMT. 1.32% of the circulating supply will be released.

Akash Network (AKT): 556,000 assets worth $3 million will be unlocked over the next week. The unlocking process will begin at 03:00 on March 1st. 0.24% of the circulating supply will be released.

ZetaChain (ZETA): 6.3 million assets worth $15 million will be unlocked on March 1 at 03:00 BST. 2.66% of the circulating supply will be released.

Acala (ACA): 27.43 million assets worth $3 million will be unlocked at 10:00 a.m. ET on March 1. 2.85% of the circulating supply will be released.

Tornado Cash (TORN): 91,000 assets worth $136,000 will be unlocked as of March 2, 06.30 AM PT. 2.41% of the circulating supply will be released.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post 16 Crypto Project Unlock Their Tokens This Week appeared first on Coin Engineer.

There is still seller pressure in Bitcoin but it is observed that buyers are stronger at the $50,000 levels. It seems to be determined by breaking certain levels, which side will reduce its pressure. For example, breaking the $53,000 level can reduce seller pressure, while breaking the $50,000 level can reduce the pressure of buyers.

Bitcoin(BTC): The BTC/USDT pair has lost 0.64% in the last 24 hours and is trading at $51,530. Resistance levels for BTC are first $52,400 and then $54,700 level. Support levels are $50,600 and if it’s below this region, the level is $50,000.

Ethereum(ETH): The ETH/USDT pair has lost 1.22% in value in the last 24 hours and is trading at $2,932. The first resistance level for ETH is $2,975, then 3,060. Support levels are $2,710 at first and $2,615 subsequently.

Fetch AI(FET): The FET/USDT pair has lost 2.29% in value in the last 24 hours, trading at $1.1215. The first resistance level for FET is $1.30, then $2.00. Support levels are firstly $1.05, then $0.865.

Singularitynet (AGIX): The AGIX/USDT pair gained 3.48% in the last 24 hours and is trading at $0.7079. The first resistance level for AGIX is $0.93, then $1.37. Support levels are firstly $0.67, then $0.59.

Ocean Protocol (OCEAN): The OCEAN/USDT pair has lost 0.90% in the last 24 hours and is trading at $0.7630. The first resistance level for AGIX is $0.8479, then $1.1845. Support levels are first $0.6399, then $0.5678.

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The post Latest Status in Bitcoin and Cryptocurrencies! – 22 February appeared first on Coin Engineer.

FET, AGIX Price Analysis

FET Analysis:

FET has been rising for a more than a week. It started climbing from $0.5 to $0.71. This uptrend has given FET investors a gain of more than 40 percent in just over a week. The fact that Bitcoin has moved and reached the $ 50,000 band must have pleased FET investors.

According to the price band where FET is currently located, its support position is 0.64 dollars, while its resistance is 0.75 dollars.

AGIX Analysis:

According to TradingView data AGIX currently trading at $0.38. Today AGIX rose about 20% and made its investors happy. According to the price band where AGIX is currently located, its support position is 0.35 dollars, while its resistance is 0.41 dollars.

With Bitcoin exceeding $52,000 and money flowing into the market, altcoins are on the rise. However, a possible bad data in the market may also lead to declines in all cryptocurrencies, especially Bitcoin.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post FET and AGIX Price Analysis appeared first on Coin Engineer.