24/7 Cryptocurrency News

ASI Token Launch Rescheduled To a Later Date, Here’s Why

ASI Alliance reschedules token merger to July 15, 2024, for $FET, $AGIX, $OCEAN, ensuring smoother transition and integration.
ASI Token Launch Rescheduled To a Later Date, Here’s Why

Highlights

  • ASI token launch rescheduled to July 15 to ensure ecosystem integration.
  • ASI merger aligns $FET, $AGIX, and $OCEAN for advanced AI capabilities.
  • Extensive tests and partner coordination extend ASI token debut.

The Artificial Superintelligence Alliance (ASI) which include SingularityNET, FetchAI and Ocean Protocol – key blockchain-based AI projects, has disclosed new timelines for the token merger.

The new date for the launch of the ASI token is July 15, 2024, which has been changed from the original date of June 13. This delay helps the two companies to avoid disrupting their ecosystems and integrate smoothly.

Advertisement

New Timeline for ASI Token Introduction

The Artificial Superintelligence Alliance have moved the date of the token merger of $FET, $AGIX and $OCEAN. Originally planned for June 13, the merger has been rescheduled for July 15 to better suit the timetable of exchanges, validators, and other partners in the ecosystem. This delay is to make sure that the new ASI network and token system is properly integrated into the system.

In the Alliance’s view, this time will be utilized to complete the work on third-party connectors and verify that all technical and logistical aspects are implemented completely.

Fetch. ai, through its official X channel, said,

“The rescheduling enables us to meet and even go beyond the needs and specifications of our partner ecosystems for the new ASI network and token.”

Advertisement

Continuation and Preparation

In the interim, the existing tokens, $FET, $AGIX, and $OCEAN, will continue to be traded independently on various exchanges. The integration phase is a critical one that requires technical coordination and a lot of testing since the new token has to be integrated into the digital environment. 

This preparation requires a lot of coordination with third party services, which is crucial for the successful implementation of the token merger.

Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance stressed the need to be more precise and elaborate when it comes to this process. Sheikh said,

“The extra time will help make the changes needed and carry out the merger with the utmost precision and minimal errors.”

Looking Forward to the Launch

The ASI token launch is an important event for the participants and the AI and blockchain industries. It is expected that this new token will improve functions of decentralized networks and contribute to the creation of the further advanced AI systems.

The Artificial Superintelligence Alliance has ensured token holders and investors that all the information concerning token contracts, migration details, and audit reports will be provided as soon as possible. They also assured that there are no impending issues, and everyone will be notified through proper channels.

Bruce Pon, founder and CEO of Ocean Protocol and board director of the ASI Council, expressed gratitude towards the community for their patience and anticipation for the merger.

“We look forward to a combined ASI token that will foster a new era of decentralized superintelligence,” Pon stated.

Read Also: SEC Charges AI Startup Founder Ilit Raz for Defrauding Investors $21M

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

SEC to Decide on Six Spot XRP ETF Applications in October

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…

September 28, 2025
  • 24/7 Cryptocurrency News

Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL

Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…

September 27, 2025
  • 24/7 Cryptocurrency News

Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows

Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…

September 27, 2025
  • 24/7 Cryptocurrency News

XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards

Axelar and Midas's mXRP vault has surpassed $22 million in deposits within days of launch.…

September 27, 2025
  • 24/7 Cryptocurrency News

Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target

Galaxy Digital’s CEO believes that the appointment of the next Fed chair could trigger Bitcoin…

September 27, 2025
  • Bitcoin News

Experts Claim Bitcoin Crash to $94,334 Ahead As BTC Dominance Rebounds

Bitcoin (BTC) price is seeing strong selling pressure, correcting another 6% over the past week…

September 27, 2025