Binance, a number one cryptocurrency trade, has introduced its assist for the upcoming token merge involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). These tokens will probably be merged right into a single token referred to as Synthetic Superintelligence (ASI), in response to the official announcement from Binance.
Common Info
Ranging from July 1, 2024, at 03:30 (UTC), Binance will droop deposits and withdrawals for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Customers are suggested to make sure their deposits for these tokens are totally processed earlier than this time. Binance will deal with all technical necessities for customers concerned within the token merge occasion.
Merge Particulars
As soon as the merge is full, the brand new ASI token will probably be listed on Binance with the next conversion ratios:
1 FET = 1 ASI
1 OCEAN = 0.433226 ASI
1 AGIX = 0.433350 ASI
Binance will delist and stop buying and selling on all spot buying and selling pairs for FET, OCEAN, and AGIX at 03:00 (UTC) on July 1, 2024. The brand new ASI spot buying and selling pairs will probably be obtainable ranging from July 5, 2024, at 08:00 (UTC).
Affect on Different Binance Providers
Futures
Binance Futures will shut all positions and conduct an automated settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts at 09:00 (UTC) on June 25, 2024. Customers are suggested to shut any open positions earlier than this time to keep away from automated settlement.
Margin
Binance Margin will delist the cross and remoted margin pairs for AGIX, FET, and OCEAN at 06:00 (UTC) on June 26, 2024. Customers are suggested to shut their positions and switch their property from Margin Pockets to Spot Pockets earlier than this time.
Loans
Binance Loans will shut all excellent mortgage positions for FET, OCEAN, and AGIX at 03:00 (UTC) on June 25, 2024. Customers are suggested to repay their excellent loans earlier than this time to keep away from potential losses.
Earn
Binance Easy Earn will stop assist for FET, OCEAN, and AGIX Easy Earn Versatile and Locked Merchandise from 03:00 (UTC) on June 28, 2024. Current subscriptions will probably be robotically redeemed and credited to customers’ Spot Wallets.
Different Providers
Binance Pay, Reward Card, Convert, Auto-Make investments, and Purchase Crypto companies may also be affected, with delistings and suspensions occurring between June 18 and July 1, 2024.
For extra detailed info on the token merge and its influence on numerous Binance companies, customers can check with the official Binance announcement.
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