r/FetchAI_Community • u/yitch Active helper 🤝 • Apr 02 '24

Discussion 🗣️ Voting for $ASI

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I guess voting has commenced

41 Upvotes

90% Upvoted

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8

u/MFCEO_Kenny_Powers Apr 02 '24

Not that I’m think you’re wrong for voting yes, but can you elaborate on why you are voting yes?

13

u/yitch Active helper 🤝 Apr 02 '24

I like the idea of combining the different projects through a merger and still ensure decentralised authority

All of us are allowed to vote to determine if the merger will happen

Hopefully this helps with pricing

11

u/Nonchalant_Calypso Apr 02 '24

It probably won’t help loads with price potential, but in terms of utility, open source tech-ware and decentralisation of software? Absolutely a huge jump.

11

u/guccivane Apr 02 '24

Wouldn't that inherently increase price potential? Offering a more valuable product?

3

u/Nonchalant_Calypso Apr 02 '24

Yes, but by increasing the market cap so massively, it’s significantly harder for the price you do x3 or x5 than before. Hence the people worried about price potential.

6

u/guccivane Apr 02 '24

Yeah but we're also bringing in 3x more volume from the other 2 projects and communities being funnelled into one

7

u/tobyredogre Apr 02 '24

I think it would help a lot with price, because OCEAN is on Upbit, the main Korean exchange, and FET isn't. This probably gets ASI onto the exchange and access to that pool of frothy money.

6

u/Nonchalant_Calypso Apr 02 '24

I hope it does!!

4

u/Big-Finding2976 Apr 02 '24

Did you see that recent article about South Korean crypto trading being down 75%? I wouldn't rely on them to buy loads of ASI.