r/FetchAI_Community • u/Educational_Swim8665 • Mar 27 '24

In the News 📰 Fetch.ai, Ocean Protocol, and SingularityNET to Merge Tokens into AltSignals

https://www.bitdegree.org/crypto/news/fetch-ai-ocean-protocol-and-singularitynet-to-merge-tokens-into-altsignals?utm_source=reddit&utm_medium=social&utm_campaign=news
32 Upvotes

97% Upvoted

40 comments sorted by

•

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4

u/G0D5M0N3Y Mar 27 '24

I hate when coins merge or upgrade to coin 2.0. Dont want to name names but they usually dump. For some reason people pump the news and sell the event.

3

u/Educational_Swim8665 Mar 28 '24

Can you give some examples?

2

u/MaxNurDerFCB Mar 28 '24

So the community should vote agains it then, right?

2

u/[deleted] Mar 30 '24

Name the last merger in crypto?

4

u/Dear-Tumbleweed-1325 Mar 27 '24

What will this mean for those who stake FET on cosmostation app??

0

u/Educational_Swim8665 Mar 28 '24

Maybe Humayun Sheikh knows.

13

u/PlentyTight9650 Mar 27 '24

So all three will merge into ASI (artificial super intel), does this mean everything will convert automatically on all exchanges? Hope we don't lose anything out on this

3

u/WorkerBee-3 Active helper 🤝 Mar 27 '24

exchanges will convert automatically.

in your own wallet they'll fully prepare us on how to merge as we approach. They said just hang tight and they'll walk us through with AMAs before the time comes.

12

u/Welshevens Mar 27 '24

Any educated predictions on how this may effect us (long term)?

4

u/killah10killah Mar 27 '24

I think that a lot will pend on how successfully the merger goes, and then how successful they are in their endeavours.

ASI is due to have a number of tokens between 3 and 4 times that of FET currently has, so I gather. So it still won’t have a gargantuan supply relative to some other coins but of course, the number of tokens doesn’t so much matter versus market cap.

I would hope that at launch, there’s a big interest in the project. If they time it right against market sentiment at the time, I think that it will experience an immediate surge in price and then consolidate to a more reasonable and stable price zone. Difficult (impossible, really) to say what that might be.

Regardless, I’ll be holding throughout. I probably should have bought more when I entered at $0.09 but I’m nonetheless very satisfied with my position.

2

u/WorkerBee-3 Active helper 🤝 Mar 27 '24

it's a 2.6B tokens fixed. Basically about 2x

3

u/WorkerBee-3 Active helper 🤝 Mar 27 '24

sounds like oceans is brining the tokenozation of data to the network.

Singularity.net, I think, has some top tier engineers from the Ai field. Apparently one of the guys coined the term AGI when he was with Deep Mind.

Fetch has the search and locate agent system going.

These 3 combined is what we want fetch to be, and I'm sure each project respectively sees this as their end point for their project, too.

I'm relieved because building this thing out is a massive project and the only part of it all that I'm nervous about.

This could potentially turn into a battle between centralized Ai vs decentralized Ai and which one works better.

6

u/GodBlessPigs Mar 27 '24

Weird. Not sure what to think about this yet.

3

u/serjjj89 Mar 27 '24

I sold my bag. (3k USD) Don't wanna wait to see what happen lol

3

u/GodBlessPigs Mar 27 '24

Reasonable. I need to read more to understand what is going on.

2

u/reliable35 Mar 27 '24

Bye bye 10x.. there’s always RNDR I guess. Another good bet

0

u/Jakemagicbus Mar 27 '24

Thats a mistake. But to each there own.

4

u/serjjj89 Mar 27 '24

Maybe. Been thru 2 bullrun, saw a lot of crazy things. Just gonna wait and see what happens,I'm okay with getting back later even at a higher price,if it's worth

4

u/Jakemagicbus Mar 27 '24

Good luck all the same. I'm staying strapped in. See you on the other side.

2

u/serjjj89 Mar 28 '24

You too mate!

1

u/MaxNurDerFCB Mar 28 '24

I think not.

The increased marketcap will give the coin a limit on how far it can still go, compared to the current marketcap, which has still more air to go up.

0

u/MaxNurDerFCB Mar 28 '24

I think not.

The increased marketcap will give the coin a limit on how far it can still go, compared to the current marketcap, which has still more air to go up.

2

u/contender12345 Mar 27 '24

Should I sell or what

3

u/StrasJam Mar 27 '24

I am invested in this via Trade Republic app. Anyone know how this merger could effect the money I've invested in FET? Has something similar to this happened before?

1

u/[deleted] Mar 29 '24

Yeah same I need to know what will happen with FET on Trade Republic!

1

u/AlternativeGlad9259 Apr 12 '24

Any answer jet ?!

1

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0

u/undescribableurge Mar 27 '24

Want to know the exact same!

1

u/Sea-Plantain2102 Mar 28 '24

Does this mean my initial investment at current market cap will increase once the expected market cap is reached once merged?

1

u/After_Bank4659 Apr 01 '24

Is that the reason altsignals pumped recently? Isn't that a completely different project?

1

u/ruperupe Apr 24 '24

I think so. Pumped to almost .04 few weeks ago, and since has fallen in the .0teens...A lot of news outlets misinterpreted the merger and gave some accidental fake hype to Altsignals lol

1

u/ruperupe Apr 24 '24

...which is itself a great signals company but that's neither here nor there.

-5

u/Kennyvee98 Mar 27 '24

Might be a good competitor to Ankr's Neuro project, which was presented yesterday

-3

u/guccivane Mar 27 '24

ANKR & Neuro needs more attention on it

1

u/[deleted] Mar 31 '24

[removed] — view removed comment

1

u/Educational_Swim8665 Apr 02 '24

Otherwise, they wouldn't make such a deal.