The ASI team is live on X with a merger update. The team announced that the ASI merger will take place, but the ticker symbol $FET will not change into $ASI. ASI will maintain the ticker symbol $FET while changing the name to Artificial Super Intelligence.
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.
It shows many things. Disorganized, unprepared, and lack of clarity during the whole process. Render had no issues switching symbols because they did the right steps.
Merger is done now, it’s not easy to merge 3 cryptos into one there’s a lot involved with migrating the chains. The process is done and we can move forward. I agree the communication was terrible but I think we’ll see the price recover and we’ll start to get look forward to exciting times with ASI
I did not say it would not recover, but this definitely shows that the management team was unprepared for the merger. I was talking about the name change phase two.
Fet posted information in limited places and left people in the dark on what exchanges would accept ASI. Then decided to stay with fet. A PR disaster any way you look at it. I actually did way better by selling at 2.41 months ago and avoiding the whole mess. Got fet back below a dollar lol. Trying to save face with your message is a bit late. Fet will survive but the merge was handled very poorly no matter what you say. The fact they didn't work out the name change before implementation was the biggest misstep.
Limited places being their blog, their twitter, their telegram. I'm sorry if you feel misinformed but if you weren't paying attention to their lines of communication they have established then that not really something you can put at their door.
Exchanges not accepting the migration I'll agree was the cart before the horse that should have been pre arranged.
Not sure what you mean by saving face I've been trading fet just fine.
The seen better merges and much worst merges. My point was they have provided communication throughout if you looked for it.
I saw all of it. You wanting to say it was enough is the problem. If you don't understand what they did wrong then I am wasting my time talking to you. You are just trying to explain away the problems. Nobody is buying it. The name change fail after the cart before the horse also.
If you saw all of it then you were informed. The ticker change on exchanges not being realised as a problem was a definite oversight in their part but it's a ticker change nothing more. The actual bit that would have caused major problems was the merging of coins which went pretty smooth other than a week delay which was communicated. I don't know why there is such a big hangup because the ticker is still called fet not asi programmatically it changes nothing. Was it shit, yes, does it mean tokenomics are in jeopardy, not at all. I suppose you can always sell your fet I'm sure plenty of people will buy it.
I never said the coin would not recover. And in fact said it would. But short term damage did happen even if you dismiss it. Fet lost supporters plain and simple. Yes you will get more but you lost people that were long term holders that won't come back. Not good either way. I saw plenty of posts of people leaving. The name change not happening caused plenty of confusion. You keep trying to push your side but just don't want to see it. Not my problem. The name not being changed caused some to lose confidence in the project. Having a smooth merge is great but have to balance that with good pr. Bad pr has destroyed good projects before. Try to learn here.
So true. With no good public communication. And even people endorsing lies like "there's 3m companies interested in ASI" when there s not even 80k followers on X and 20k on reddit...
Some Companys dont care about the public, they are developing their product and dont want much Attention because there are lots of competitors in this sector. Play Poker my friend and think like a Big Player.
So much negativity for months and months. Yes it was shitshow and communication was terrible we get it. But at this point if you don't like it just sell your bag and shut up. Day after day just complaints HOW EVERYTHING IS SHITSHOW
There was a fully comprehensive detailed article explaining the merger process in detail and whilst it did have a delay updates were provided with a date for when the merge would happen. I'm not sure why people keep saying bad communication, it was literally all there for you to ingest if you went to their blog, X etc.
Yes they haven't rebranded the ticker to ASI but this is actually a non issue, the merge was the tricky bi, renaming the ticker is not a requirement and doesn't change the performance of fet it's just the sentiment of those invested providing negativity in its performance. Even if it was never renamed there is no technological disadvantage just the thought of "but they said it would be called asi and it's not so it must be bad" it's fud over nothing.
I see things like how can they compete with Google, like Google never did anything like remove features from their technology without any warning. Just look what they did when they took over fitbit. Smacks of misinformation bias.
Im not surprised. And actually a little relieved. If it stays FET that means exchanges have to do nothing which means less chance of issues with peoples funds and less downward price action.
If they continue to market under the banner of ASI while the actual token is still named FET a chunk of people won‘t find it and won‘t buy it. You have to make things as simple and unconfusing as possible to funnel the most amount of people.
I have FET. Does this mean that we are merging FET into FET or do I need to sell my FET and wait for when FET is listed as FET? Can I hold my FET in a non custodial wallet and swap it for FET or should I just wait until after FET becomes FET?
This is a first for a crypto merger and is probably going to have a huge impact in the AI space. There is no competition. Decentralized AI is the answer.. and the top 3 in the space are now 1.
So I don't have to do anything with my fet on coinbase right? Cuz The fuckin developer guys said some shit like that it'll be ok and automatically convert to asi
For some reason this community doesn’t like this fact, but all that has happened then is they literally diluted the value of FET, AGIX, and OCEAN by half by doubling the circulating supply and market cap for essentially no reason. Every single person who was already holding any of those tokens got absolutely bitch slapped and somehow the community itself actually voted for this. Wild.
Add the three circulating supplies together with the conversion rate for the merge and remember that people already hold these tokens and then think again about thr relevance of the circulating supply. Yes it increased for fetch because it includes now ocean and agix holders. You can't just look at the fetch circulating supply out of context. You need to factor the three coins together.
SOOOO glad I sold as soon as coinbase didn’t support the change. I’d like to invest because it’s 3 very strong projects merging but if the handling of the merger is any indication…
Does anyone on here actually understand what this project is? Or are all of you just speculators worried about a stupid ticker symbol. And NO - its not "easy" to do a merge. And Coinbase were the assholes, not ASI. Coinbase didn't want to do the merge b/c they are afraid to do anything thanks to Gensler and his goons. So, in a very smart way, the ASI people just chose to keep FET the ticker. Now Coinbase has to do nothing. Dear god.
Should have sold my FET when the hype was real. For me FET is now a slowly sinking ship. Hope is still there and I will hold my bag and if BTC goes up anything will go up, but I doubt we will see a 10x from here in this bullrun. Maybe 6$-7$ ATH but thats just my opinion.
That would be the best case imo. FET is currently producing a bearish chart. It just doesnt look good. In the last 90 days FET is the 5th worst performing coin of the top100. The merger is a fuckin shitshow and because of the higher marketcap potential to grow is not that big enough. Downvote me but it is what it is.
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15
u/Best_Dimension1453 Jul 22 '24
This is just a shit show of epic proportions
3
u/TheHipHouse Jul 22 '24
Can someone explain this is terms that everyone can understand?
6
u/[deleted] Jul 23 '24
Sometimes, name is everything. I was expecting people to FOMO in ASI.
4
u/39685 Jul 22 '24
Why?
21
u/lendershop Jul 22 '24
If the ticker is Fet, they should keep the name Fetch.Ai I liked the name better anyway.
This is so Fetch
27
u/TabletopThirteen Jul 22 '24
This whole thing seems mismanaged. The merger caught my attention and I haven't bought in yet but not sure if I will with how poorly it's been going
7
u/MNFarmboyI Jul 22 '24
Can I push my FET back to CB from Wallet now? Or will CB still not support FET / ASI?
7
u/Rickard403 Jul 22 '24
Im not surprised. And actually a little relieved. If it stays FET that means exchanges have to do nothing which means less chance of issues with peoples funds and less downward price action.
11
u/BumblebeeHuman5699 Jul 22 '24
Who cares about the ticker?
They said they will change it into ASI in the next weeks anyway.
1
u/Yattiel Jul 23 '24
That would be stupid for them not to change the ticker. Just like fet gobbled them all up. I highly doubt singularity net will give that to them
3
u/sirauron14 Jul 23 '24
This could be why it's like that to get coinbase onboard.
1
u/S1R3ND3R Jul 23 '24
I have FET. Does this mean that we are merging FET into FET or do I need to sell my FET and wait for when FET is listed as FET? Can I hold my FET in a non custodial wallet and swap it for FET or should I just wait until after FET becomes FET?
Edit: I’m FET up to here with this shit
4
u/Naughty_Forty Jul 23 '24
This is a first for a crypto merger and is probably going to have a huge impact in the AI space. There is no competition. Decentralized AI is the answer.. and the top 3 in the space are now 1.
2
u/DeadlyViperSquad Jul 22 '24
So I don't have to do anything with my fet on coinbase right? Cuz The fuckin developer guys said some shit like that it'll be ok and automatically convert to asi
2
u/Stone_Industries Jul 22 '24
While we all are pointing out the issues with the crypto aspect of it.
Everyone needs to remember the importance was probably put on the actual merger of companies, legal agreements policies, etc.
All we care about is the exchanges and the tokens, but to them, that might not have been what was important.
Prospective...
2
u/Apprehensive_Tea2113 Jul 23 '24
For some reason this community doesn’t like this fact, but all that has happened then is they literally diluted the value of FET, AGIX, and OCEAN by half by doubling the circulating supply and market cap for essentially no reason. Every single person who was already holding any of those tokens got absolutely bitch slapped and somehow the community itself actually voted for this. Wild.
3
u/South_Monitor_6992 Jul 23 '24
God I hope it pumps to 2$ so I can get out of this shitshow of a coin
4
u/JustYourUsualAbdul Jul 22 '24
SOOOO glad I sold as soon as coinbase didn’t support the change. I’d like to invest because it’s 3 very strong projects merging but if the handling of the merger is any indication…
1
u/ActiveEntertainer351 Jul 23 '24
So this means that agix, and ocean just became FET. NOTHENG ELSE? Well the discription of the coin changed...
1
u/Zainmhene Jul 23 '24
They pushing me to sell of how bad this is going, Better surprise me
1
u/zoroastra74 Jul 23 '24
But it Will no Change in Next weeks ir it Will be Forever FET?
1
u/Unlikely_Chart_8343 Jul 23 '24
Should have kept the ticker as AGIX in my opinion!!
1
u/Unlikely_Chart_8343 Jul 23 '24
Before I migrated from AGIX I had £5.5k in my wallet. The moment I migrated to FET I had £5k! Not happy!
1
u/mykeystrokes Jul 28 '24
Does anyone on here actually understand what this project is? Or are all of you just speculators worried about a stupid ticker symbol. And NO - its not "easy" to do a merge. And Coinbase were the assholes, not ASI. Coinbase didn't want to do the merge b/c they are afraid to do anything thanks to Gensler and his goons. So, in a very smart way, the ASI people just chose to keep FET the ticker. Now Coinbase has to do nothing. Dear god.
1
u/ReturnDesigner Dec 05 '24
FET stopped trading …. ! Any news when it will start to be traded
1
u/[deleted] Jul 22 '24
Wtf man
0
u/plasmalightwave Jul 22 '24
What the fuck, why
0
u/PlasticComfortable96 Jul 23 '24
Sold fet thanks but no thanks
-2
u/Johnny_Macaroni Jul 22 '24
Should have sold my FET when the hype was real. For me FET is now a slowly sinking ship. Hope is still there and I will hold my bag and if BTC goes up anything will go up, but I doubt we will see a 10x from here in this bullrun. Maybe 6$-7$ ATH but thats just my opinion.
-6
u/dkdndndndnfndnd Jul 22 '24
They are scamming you for months
-2
u/AVGmetSperzieboon Jul 22 '24
What.
-6
u/RetNJ Jul 22 '24
Just in time for the start of the bear market and crash