Fumbi Has Completed the AGIX, OCEAN & FET Token Merge

Fumbi has successfully completed the merger of SingularityNET (AGIX) and Ocean Protocol (OCEAN) tokens with Fetch.ai (FET). The AGIX and OCEAN tokens have been merged and converted into the FET token, which now represents the newly formed Artificial Intelligence Alliance (ASI).

The OCEAN and AGIX tokens were converted to the FET token in Fumbi in the following ratios:

• 1 OCEAN = 0.433226 FET
• 1 AGIX = 0.433350 FET

In practice, this means that for every 1 OCEAN token you owned in Fumbi, you now receive 0.433226 FET tokens. Similarly, for every 1 AGIX token you owned in Fumbi, you now receive 0.433350 FET tokens. These conversion ratios were determined by a decision of the merging entities.

SingularityNET (AGIX) and Ocean Protocol (OCEAN) tokens have been delisted from our platform and can no longer be traded. Trading of the Fetch.ai (FET) continues to operate under standard conditions.

Over the next few days, the cryptocurrency Fetch.ai (FET) will be renamed the Artificial Superintelligence Alliance (ticker $ASI) and the project will change its logo to the new alliance logo. Subsequently, this change will also be applied to the Fumbi interface.

Adjusting Our AI Template

Due to the merger of three leading AI tokens and the delisting of the AGIX & OCEAN tokens, Fumbi has modified our AI template, which is available in the Advanced Portfolios product. Composition of a new template:

• Render (RNDR): 40%
• Fetch.ai (FET): 25% 
• The Graph (GRT): 25% 
• Bittensor (TAO): 10%

Thank you for your understanding and trust. To learn more about this merger, please read the following blogs:

• Fumbi Blog – AI Token Merge
• Fetch.ai Blog – Navigating the ASI Token Merger: A Comprehensive Guide