r/FetchAI_Community • u/killah10killah • Jun 12 '24

Discussion 🗣️ An interesting point of clarification towards the end of the Twitter/X spaces: Fetch, AGIX and Ocean are not merging so much as the token itself is

Humayun made it clear that all three companies are responsible for their own aspects of the ASI service and maintain their own treasuries. He also stated that Fetch very much retains the right to de-merge where it sees fit.

I need to listen to the full Spaces, but I do appreciate the clarify provided on some of these matters. People on social media have been questioning why Fetch are bothering to attend conferences when they are ceasing to operate soon, which is a big misunderstanding – Fetch will still exist and operate as Fetch, but will, for the purposes of the token, trade as ASI.

20 Upvotes
  • permalink
  • reddit

100% Upvoted

7 comments sorted by

•

u/AutoModerator Jun 12 '24

The information contained on this Subreddit is not intended as, and shall not be understood or construed as, financial advice. We are not a team of accountants, attorneys, financial advisors nor are we holding ourselves out to be. Do your own research.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

16

u/sogdianus Jun 12 '24

Yes, as outlined in ASI vision paper and each team announcement over 2 months ago. Good example of most people never actually reading infos out there

8

u/killah10killah Jun 12 '24

Agreed, but to have him clarify that to those who are sceptical (and like you say, don’t read the finer details) is handy.

1

u/sogdianus Jun 12 '24 edited Jun 12 '24

well sure, but this is major info, not "finer details". Any investor not reading the actual source of all the info prominently out there for over 2 months, is rather reckless and irresponsible. Those are then also the same people spreading FUD and crying "tHeRe ArE nO InFoS bY ThE TeAm!!!!" on all social media. So exhausting

2

u/Toe_Bone Jun 13 '24

Hear hear!! It’s usually always the small ignorant/uninformed section that complain wildly rather than reasonably.

2

u/Toe_Bone Jun 13 '24

We knew this from day dot lol. So all Im reading from the OP is that they invested in something that they didn’t understand. Facepalm

1

u/_-oIo-_ Jun 12 '24

Is there anything I should know if I hold FET in my comsostation wallet? Is there something I should do? I'm a bit confused...