The reserve currency of the Superintelligence consortium is $EFT; but, with winning government approval, it will rename itself as $ASI. Proposals from Ocean Protocol, Fetch.ai, and SingularityNET will be sent to relevant government agencies shortly.
The Artificial Superintelligence token can be exchanged for $EFT at a 1:1 ratio if the Artificial Superintelligence consortium receives government permission. Tokens from Ocean Protocol will be exchanged for $ASI, while tokens from AGIX will be exchanged for $ASI at a predetermined rate. Finding out about the unique market value of equities based on the token merge is interesting.
With a staggering 2.631 billion tokens, the Superintelligence consortium is projected to be worth $7.5 billion in total. As a result, $EFT is designated as legal cash. With $EFT serving as the default token of the recently established consortium, the $EFT token will have a new name, $ASI.
According to the Superintelligence Consortium, holders of $EFT are not expected to take any action at this time. As the news is public, the consortium members will engage in conversation with the cryptocurrency community.
The most important thing to do after designing a structure for token migration is to execute the token merging. The Superintelligence consortium will continue to use $EFT as its reserve currency, but it will now be known as “$ASI: Artificial Superintelligence.” $OCEAN and $AGIX holders have nothing to do. Notably, the swap mechanism will continue indefinitely, and the exchange rate between $EFT, $OCEAN, $AGIX, and $ASI is constant. Users can therefore exchange tokens whenever it’s convenient for them.
On a cryptocurrency exchange, it should be noted that $EFT tokens will instantly become $ASI tokens. Investors in cryptocurrencies don’t need to do anything; the Superintelligence consortium will deal with exchanges on their behalf. If an investor holds $OCEAN and $AGIX tokens on an exchange, they don’t need to do anything.
To ensure a simple transfer, the Superintelligence consortium will collaborate with each cryptocurrency exchange. The cryptocurrency exchange will instantly convert investors’ holdings into $ASI tokens. Following a successful conversion, it is advised against adding $OCEAN/$AGIX tokens to cryptocurrency exchanges.
The token swap system will be accessible in the coming weeks and allows users to exchange $AGIX and $OCEAN for $ASI if they have tokens offline or in hard wallets. Investors will have unlimited access to the token mechanism to convert their $AGIX and $OCEAN into $ASI once it is made publically available.
This swap mechanism’s amazing characteristic is that it eliminates all foreign exchange and foreign exchange risk for stakers. Despite the successful testing and auditing of the swap contract, the Superintelligence consortium intends to carry out a more thorough analysis and consult with partners. It will be the first move toward the commercialization of big data and AI services.
