Initially scheduled to be finalized on June 13, the ASI Alliance has postponed its token merger to July 15.Â
ASI’s token merger will deliver collectively three AI tokens: Fetch.ai ($FET), Ocean Protocol ($OCEAN), and SingularityNET ($AGIX) into one Artificial Superintelligence token ($ASI).Â
https://t.co/jf83tXYS2P
— Artificial Superintelligence Alliance (@ASI_Alliance) June 11, 2024
Following the SEC’s approval of Form 19B-4, which authorized spot Ethereum ($ETH) ETFs on May 23, the Ethereum-based ERC-20 tokens will likely be accessible for customers to swap their $FET, $OCEAN, and $AGIX tokens for $ASI.Â
The worth of $ETH is more likely to enhance owing to the worth of Bitcoin ($BTC) reaching its ATH of practically $74K in March attributable to rising $BTC ETF calls for tied to the cryptocurrency.Â
ERC-20 meme cash, together with $BYTE (+174.11%) and $HOPPY (+84.77%), have just lately witnessed positive aspects throughout the identical interval as the SEC’s approval of Form 19B-4.
The ASI and ETH ETF approval may be what’s triggering WienerAI’s ($WAI’s) surge, one other ERC-20 token, which just lately raised $5.3M in its presale. Â
$ASI and $WAI share a similarity: they each leverage AI. ASI was developed to seamlessly facilitate and combine interactions throughout AI companies. Meanwhile, $WAI is on the brink of launch an AI-powered chatbot that proposes profitable trades.Â
More than only a bot–WienerAI is your final crypto buying and selling companion.
We’re delighted to share some sneak peeks with our unbelievable and supportive group. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Let’s dig into what the 3-to-1 token merger might imply for ERC-20 tokens like $WAI and past.Â
What Is the ASI Alliance and Why Does the Merger Matter?
The ASI Alliance is combining three vital gamers within the AI and decentralized panorama: $FET, $OCEAN, and $AGIX.Â
A big benefit of the tokens converging is the $ASI token, which can substitute all tokens and mix them into one single ERC-20 token.
Following the merger, the mixed worth of the tokens will likely be roughly $7.5B.
Because every token has a unique market cap, they are going to be exchanged at totally different ratios: $FET will likely be swapped at a 1:1 ratio, whereas $AGIX and $OCEAN will likely be swapped at 1:0.43.Â
The implication of the ASI token merger within the Ethereum ecosystem is multifaceted. It might doubtlessly:Â
- Increase exercise on the Ethereum community, together with tokens, dApps, good contracts, and extraÂ
- Attract extra AI initiatives (like WienerAI, which already affords ETH staking) to the Ethereum ecosystemÂ
- Possibly enhance liquidity and costs for Ethereum property
- Improve interoperability inside Ethereum, like seamless interplay between tokens and initiativesÂ
WienerAI’s Presale Success
WienerAI, presently in its presale, is flourishing forward of the merger.
Already, $WAI’s presale has hit $5.4M. The present worth for one $WAI is $0.000717, and the worth is ready to extend within the subsequent few hours. If you’re considering shopping for $WAI, now is likely to be a very good time.
Per our worth prediction, the worth of $WAI might attain $0.02 by the tip of 2030.Â
A complete of 69B $WAI tokens can be found, that are strategically distributed amongst totally different areas.Â
| Tokenomic Features | $WAI Tokenomics Data |
| Presale | 30% (20.7B) |
| Staking | 20% (13.8B) |
| Community rewards | 20% (13.8B)Â |
| DEX/CEX liquidity | 10% (6.9B) |
| Marketing | 20% (13.8B)Â |
Another issue contributing to $WAI’s presale success is its roadmap:Â
- A worldwide advertising and marketing marketing campaignÂ
- Ethereum community takeover
- Token listings on CEX and DEXsÂ
- AI buying and selling bot debutÂ
The challenge is targeted on long-term progress, stability, and increasing its attain with strategic partnerships.
In Summary
The merging of blockchain know-how and AI by means of initiatives like ASI and $WAI displays buyers’ need for progressive applied sciences and initiatives with utility quite than people who depend upon hype alone.Â
$WAI has already raised $5.3M in its presale, reflecting investor curiosity within the Ethereum blockchain community.Â
As at all times, we remind you to DYOR when investing in cryptocurrencies as a result of the market is very unstable.
