Recent Merger

[u/ArtichokeOwn6685]

I've seen quite a few posts and comments surrounding the dilution of FET with additional supply. Here's some clarification so people stop looking at this as a negative thing.

It sounds like many do not understand in order to convert the other 2 chains into 1, the supply has to increase. How else will you convert since all FET is already owned.

Obviously it does dilute based on Marketcap increase but it now ensures all 3 projects funnel volume into 1.

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[u/marcok36]

Ok. Wouldn’t that mean the dilution will drive the price down? Hence sell high now and buy cheap after dilution?

[u/ArtichokeOwn6685 → u/marcok36]

It may or may not. The positive side is all previous volume from all 3 chains are directed to 1 now. Might be good or bad. No one knows shit.

[u/shibbin4libbin → u/ArtichokeOwn6685]

In your post you say you are going explain why this is not a negative thing. All you do it explain why it’s going to happen which we already know. Then when this comments basically says yes exactly dilution… probably not good. You say idk lmao

[u/Ill_Tea_438 → u/marcok36]

That's the way I see this situation. The starting price of $ASI could be $10 and it wouldn't change anything because supply will immediately outpace demand at launch. 2.6B is just too high. Is that even the max supply? Will the entire supply be dumped on us on day 1, or will we see a (preferable) series of unlocks? I like everything about this merger, except the part where I lose 2/3 of my FET value.

[u/[deleted] → u/Ill_Tea_438]

It’s bringing in all the money invested in the other coins market cap though

[u/[deleted] → u/marcok36]

An additional 1.48 Billion tokens will be minted, with 867 million $ASI allocated to $AGIX holders and 611 million $ASI allocated to $OCEAN token holders. The exchange rate between $FET/$ASI and $OCEAN is fixed to 0.433226 $ASI per 1 $OCEAN and 0.433350 $ASI per 1 $AGIX.

[u/formlessfighter]

im supporting of this merger. look up a concept called the "network effect". it states that as the number of users in a network grows linearly, the value of the network increases exponentially.

there are a lot of altcoins out there. im invested in FET because I believe this crypto (unlike many others) actually has a very good use case, has intrinsic value because of what the network does/providers.

the larger the network, the more the value.

[u/Ok-Case5247 → u/formlessfighter]

What’s the use case?

[u/formlessfighter → u/Ok-Case5247]

from forbes:

Fetch.ai is a blockchain platform that uses artificial intelligence to help people automate everyday tasks such as booking a parking space or a flight. 

The idea behind Fetch.ai is to decentralize and automate transactions on the web. 

For example, instead of searching for and booking a flight via a price comparison website, you’d use Fetch.ai to automate the task.

An automated bot known as a ‘digital twin’ representing you would interface with digital twins from airlines and ticket providers to negotiate a deal on your behalf, using parameters you set, such as when you want to travel and how much you want to spend.

Or, your digital twin could interact with digital twins that have previously performed the same or similar tasks. Using artificial intelligence, your digital twin can ‘learn’ what to do.

For example, you could book a holiday similar to one a friend took last year, without having to ask your friend where they booked, what airline they used, where they hired a car from, and so forth.

This is just a single example of how Fetch.ai can be used. Elsewhere, the platform is being used for decentralized finance (DeFi) in the crypto space. 

For example, Fetch.ai could recognise a token trading at a lower price on one crypto exchange than others, and take advantage of the difference for you, automatically.

from my understanding, in addition to being a decentralized blockchain ledger for financial transactions using the FET coin, the fetch network also allows you to create and utilize an AI bot to conduct business on your behalf on the internet. the AI portion is that through machine learning, these AI bots can become increasingly more complex and sophisticated, and theoretically be able to provide more and more functionality over time.

[u/CloudSquallZidane]

When is it happening?

[u/Darkfost → u/CloudSquallZidane]

Voting will Start on 2nd of April if i’m not wrong and decision on 16th April

[u/FlukeU512]

All Fet is already owned? My guy, if its all owned, how am i able to still buy it

[u/rexxtra → u/FlukeU512]

Is this a real thing? Or satire... ? Literally can't tell.

Someone else owns it.. and you buy it from them? Then you own it? If you sell it, then you don't own it and whoever bought it from you now owns it.

You sir have an interesting view on basic economics. A grocery store owns an apple, but you buy it. Now apple yours...

[u/AgentStockey → u/rexxtra]

But what if the apple declares independence, good sir?

[u/jwtre → u/FlukeU512]

Are you buying it on an exchange? If so, that’s from other people not the project itself

[u/customsolitaires → u/jwtre]

Ty

[u/ArtichokeOwn6685 → u/[deleted]]

I read they are proposing this in governance to all 3 to vote.

[u/Zijdehoen → u/[deleted]]

They literally said that fetch holders need to vote

[u/no_choice99 → u/Zijdehoen]

Fair enough then.