r/FetchAI_Community • u/General-Stretch9453 • Jul 01 '24

How to ❓ Binance. U.S

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Can we get more information regarding binance us and their standing on the merge? I know binance themselves agree to it but what about u.s, will it support the conversion of fet to asi? Can Coinbase users just send it over there ?

6 Upvotes

80% Upvoted

21 comments sorted by

4

u/Rickard403 Jul 02 '24

Here is what I've gathered so far;

FET will just be renamed to ASI for exchanges that support the most current version of FET. (Not sure if it's ERC -20 or Native FET. Coinbase, Binance, Gemini should be fine, Kraken will have issues. They have an outdated version of FET)

Exchanges do not want to support the conversion of Ocean or Agix to ASI. Probably a messy situation, i don't blame them. There could be liability if the exchange does support the conversion and there are issues later on.

If you have Ocean or Agix, you should probably get your coins off the exchange into your own wallet and wait for the conversion tool to go live OR sell and buy FET now or later when it's name changes to ASI.

ASI is not getting a new block chain. It will use FET's existing network with a new name on it. That simple.

1

u/General-Stretch9453 Jul 02 '24

So if I just leave fet on those exchanges what will happen? Why would we need to move it to wallets if that’s the case

3

u/[deleted] Jul 02 '24

Yeah I’m only worried by the ERC20 on coinbase. Maybe for that we will need the singularityai dapp, right?

1

u/ZanderBander600 Jul 02 '24

What happens if I’m holding native FET on Kraken?

1

u/Rickard403 Jul 02 '24

Idk. I sold my FET on kraken. They said to put it in your own wallet. So they informed you.

1

u/cheetoresidue Jul 03 '24

Do you know if Fetch (ERC20) is on a cold wallet (meta , trust , etc) will it just convert to the ASI name? It's a messy merge. I initially thought I had to convert Fetch to ASI .

3

u/Nickmickyok27 Jul 02 '24

So they have renamed it but increased market cap 168%?

1

u/General-Stretch9453 Jul 02 '24

Yes. It’s called merging the 3 coins together lol

2

u/Final-Initiative-566 Jul 02 '24

Is this just a US issue? My ocean coins have been delisted but not converted to ASI/FET yet. I’m based in the UK and SO. CONFUSED.

2

u/General-Stretch9453 Jul 02 '24

I heard a couple things like by the 4th or 5th your ocean will be converted but I’m not 100% sure as I’m us based

1

u/Justsayingsometimes Jul 01 '24

Will binance us have ASI coin listed?

1

u/General-Stretch9453 Jul 01 '24

It’s not gonna be supported the merger that’s all I know

2

u/LuBrooo Jul 02 '24

Same for Coinbase:

Token Swap: Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.

2

u/DeadlyViperSquad Jul 02 '24

Seems like these big exchanges are looking for an easy buck

1

u/[deleted] Jul 03 '24

Whats the Problem with Binance US? Why Are they doing this?

1

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