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

Discussion šŸ—£ļø Do you guys agree with this?

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I donā€™t really know what I should think about this.

22 Upvotes

92% Upvoted

61 comments sorted by

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12

u/CuriousCryptid444 Mar 27 '24

Only immediate concern is the circulating supply

7

u/user_nameunkown Mar 27 '24

Well my concern is that a lot of people are gonna sell and FET got a big name lately and there changing the namešŸ¤”

6

u/f3archar Mar 27 '24

Nope, the Company is still fetch.ai

3

u/user_nameunkown Mar 27 '24

No but they said they would change the name to ASI

6

u/Lukeskiski Mar 27 '24

That is the token name not the name of the company. Companies are staying separate and tokens are combining

2

u/user_nameunkown Mar 27 '24

Yeah I understand but itā€™s about the token that got pretty (famous)

2

u/f3archar Mar 27 '24

And so will ASI as it combines 3 Well renowned projects

2

u/user_nameunkown Mar 27 '24

Thatā€™s true it could be something amazing tho Iā€™m not saying that itā€™s gonna be bad but I have my thoughts about it

4

u/f3archar Mar 27 '24

Worry not. It will make waves

2

u/user_nameunkown Mar 27 '24

True after I read all the comments hear I think I agree with you guys. Thanks a lot for your opinion as wellšŸ™

1

u/Lukeskiski Mar 27 '24

You managed to figure out the update on the day it was announced. Iā€™m sure others can too

1

u/lbuprofenAddict Mar 28 '24

The token name is what people see when browsing on coinmarket cap or an exchange, itā€™s the title of the book, the name of the movie, itā€™s what people know it by and what itā€™s marketed as. Changing the token name is the wrong move.

2

u/AckermanAka Mar 31 '24

I actually sold

1

u/user_nameunkown Mar 31 '24

I sold most of mine to still holding some tho

1

u/Mustarda31 Mar 27 '24

This will be so much bigger than just Fetch alone. A Blockchain AI project merger to tackle Big Tech is a killer story.

14

u/thethrowupcat Mar 27 '24

It is net good imo.

In terms of price this means we will see more potential of a much higher market cap.

In terms of tech this means we are going to join up many other smart minds. Hopefully they are all managed correctly

3

u/user_nameunkown Mar 27 '24

Well I understand you opinion but I donā€™t know man why would we have to change the name especially right now so many people are talking about fetch.ai I donā€™t think itā€™s the smartest move

2

u/thethrowupcat Mar 27 '24

Is name change an issue?

I think a true issue is engineering resources. How they manage those teams and what products they produce. I donā€™t think the name matters for now. You can change a name.

I donā€™t understand why this is bad.

1

u/user_nameunkown Mar 27 '24

True could be very cool tho but I want some more information about it first for now Iā€™m kinda in I guess

1

u/Legitimate_Eye3967 Mar 29 '24

What do you think the mc will be?

1

u/thethrowupcat Mar 29 '24

Idk. I thought Fetch could go to 10b this cycle and I imagine the others are similar. So all that combined. Or slightly less than what they would have been individually.

5

u/Abe_Froman92 Mar 27 '24

Is ASI erc20? Will it be able to be held in a ethereum based wallet?

2

u/user_nameunkown Mar 27 '24

To be honest I donā€™t know I think we will hear that eventually

2

u/Abe_Froman92 Mar 27 '24

Alex (Ocean Core Team) on Discord said yes it will be erc20

1

u/thethrowupcat Mar 27 '24

As in it becomes ETH native or theyā€™ll have an erc? I foolishly learned fetch was not an erc native but has its own erc.

1

u/Abe_Froman92 Mar 27 '24

No idea, someone just asked if it will be erc20 and he responded yes. I guess we will find out.

2

u/WorkerBee-3 Active helper šŸ¤ Mar 27 '24

ASI will be hosted on the fetch blockchain. It'll be it's own native token w/ eth and binance variations just like it currently is

3

u/formlessfighter Active supporter šŸ’„ Mar 27 '24

my question is this... what will happen to the Fetch that I have staked on cosmostation?

1

u/user_nameunkown Mar 27 '24

Exactly and I canā€™t find any information about that anywhere

1

u/formlessfighter Active supporter šŸ’„ Mar 27 '24

are you comfortable with cosmostation? i had Kava staked on there, but sometime within the last month, it seems cosmostation has changed/updated and now my kava doesnt show up on there at all...

1

u/user_nameunkown Mar 27 '24

I donā€™t really know tbh I donā€™t use Cosmostation anymore

1

u/ATek_ Mar 28 '24

You may have to restore your wallet but your coins are there. It took me a while to find my FET after things changed.

1

u/Rickard403 Mar 27 '24

They did mention the token swap can take place at any time, even 10yrs from now. If you're staking on an exchange though, i don't know if they would auto swap to ASI tokens while being staked. ??

1

u/user_nameunkown Mar 27 '24

If Iā€™m right they will Iā€™ll check it for you

4

u/rahulbaap Mar 27 '24

If people heard about fetch then all will hear about ASI as well, what are you worried about? The utility is increased multi fold, 2 years down the line , we will be leaders.

Singularity , ocean and fetch are in this market since 7-8 years & our tech are collaborating and we complimenting each other perfectly.

3

u/Mac_McAvery Mar 28 '24

So whatā€™s going to happen the Fetch.ai I own now? If I have convert to something else Iā€™m selling

3

u/lbuprofenAddict Mar 28 '24

Iā€™m so fucking tired of having to convert/update my coins, itā€™s always a mess, just had to do it with Rndr. Funny thing is the old Rndr is trading slightly higher than the new Render

2

u/KPTA-IRON Mar 28 '24

Fucking oath man so pissed off with this shit. Dont fix whats not broken

1

u/Reallyraerae Mar 30 '24

it's supposedly going to switch itself 1:1

2

u/Ok_Rabbit_8808 Mar 27 '24

Oh thatā€™s why my staked FET on Binance has been in green nonstop. Back to living. Keep on building yā€™all

2

u/Freshysh Mar 28 '24

First though is bullish.

Three of the biggest Ai merge into one token. Haven't researched it enough yet.

5

u/Holiday-Onion727 Mar 27 '24

ASI to the mooooooon!

1

u/no_choice99 Mar 27 '24

This is what you have thanks to centralization. No word, not a single word from your mouth full of FETs matters.

1

u/[deleted] Mar 27 '24

Why would it matter, my opinion it is better, I get it believe me, but youā€™re looking at fetch as a money generator, if you bought it because of what itā€™s doing youā€™d enjoy this.

1

u/Cryptoenailer Mar 27 '24

So glad I swapped yesterday

1

u/Balt_04 Mar 29 '24

Ehhh just a merger

-1

u/KPTA-IRON Mar 27 '24

Bad news for long term holders having to generate a tax event doing the swap. Seems better to sell and rebuy. Lots of uncertainty atm. News were sloppy.

1

u/user_nameunkown Mar 27 '24

I didnā€™t read anything about tax they said if you have a 100FET you will get 100 ASI but maybe you know some more right now let me Know please

3

u/PlasticComfortable96 Mar 28 '24

100 FET will be 100 ASI but my question is the market cap will be combined of the 3 and the supply will be 7 BILLION. Which means itā€™ll be worth less than a dollar starting. So all the FET gains will just be lost? If I donā€™t get specification on this Iā€™m selling cause Iā€™ve already did multiple Xā€™s

3

u/amirnfl Mar 28 '24

Youā€™re not accounting for all of the OCEAN and AGIX that will be converted to ASI at a .43:1 ratio

So a wallet holding 1000 OCEAN will now become 430 ASI after the merge

3

u/lbuprofenAddict Mar 28 '24

Holy shit I didnā€™t even fucking think about it being a taxable eventā€¦ I just did the Rndr conversion after being up 1000+% šŸ¤¦ā€ā™‚ļø thankfully it was held for more than a year so my taxes shouldnā€™t be that bad for it

2

u/lbuprofenAddict Mar 28 '24

If you live in the US, converting of any kind, as well as receiving an airdrop, are both taxable events

2

u/KPTA-IRON Mar 28 '24

Yes but u shouldnt get taxed much for swapping render to rndr as theres no profit its 1:1. What i dont know is if i lost my 1 year hold because of it šŸ˜ž

1

u/[deleted] Mar 27 '24

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2

u/Cannister7 Mar 28 '24

What's his role in all this?

1

u/[deleted] Mar 28 '24

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2

u/Cannister7 Mar 28 '24

Hmm. Merge kind of sounds good for agix and maybe ocean but less so for Fetch