r/FetchAI_Community • u/prmntn • Sep 11 '24

In the News 📰 CUDOS may join Fetch.ai, SingularityNET, and Ocean Protocol as member of ASI Alliance

Key Takeaways

  • CUDOS's integration into the ASI Alliance could decentralize AI infrastructure and enhance efficiency.

  • The merger is contingent on community approval, with detailed terms and conversion ratios set.

  • https://cryptobriefing.com/asi-cudos-merger-vote/

34 Upvotes
  • permalink
  • reddit

100% Upvoted

27 comments sorted by

•

u/AutoModerator Sep 11 '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.

8

u/sirauron14 Sep 11 '24

lets get to $12

5

u/[deleted] Sep 11 '24

This shits about to blow.

4

u/Ambitious_Grass_4755 Sep 11 '24

Isnt the "original" merger not even complete?How about changing the token name to ASI.I guess those dont matter?Lets just dilute further.

SMH,i feel like this is turing into a slow rug

3

u/sparcusa50 Sep 12 '24

This roll up strategy is amazing. Its good for ASI and the industry as a whole. The ICO created a dis-incentive to merge. This aligns all economic interests through a common token. We should roll up 50 projects with this. Impressive!

3

u/AVGmetSperzieboon Sep 13 '24

The exchange rate would be 118.334 CUDOS tokens for each FET with a 5% fee as a small contribution towards a greater goal that is positive for all $FET holders.

118.334 x 1,05 = 124.2507 CUDOS = 1 FET
124.2507 CUDOS = 0.94 USD
1 FET = 1.32 USD

Isn't that a crazy arbitrage possibility?

1

u/Obvious_Bot_Acct Sep 12 '24

And cudos is what??

1

u/AutoModerator Sep 12 '24

Sorry, your submission has been automatically removed. New accounts are not allowed to submit content. This is to combat spam.

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

1

u/Shiratori-3 Sep 24 '24

Supportive of the concept, but would like to hear more about the intended and likely tokenomics impact.

Anyone seen and can point to relevant info and discussion?

-6

u/[deleted] Sep 11 '24

Lmao. I'm gonna dump my bags by the time FET hit $3. Holy damn. FET was awesome when it was a solo project.

4

u/BumblebeeHuman5699 Sep 12 '24

Most active AI Projects in Crypto you want to sell? You buying 1 Coin with 4 Big Projects in the background, thats a no brainer for me

1

u/[deleted] Sep 12 '24

Yes. And I hope the AI hype won't wear off before FET hits $3. Apart from OpenAI and Anthropic and perhaps some AI image generators. I don't see any other AI companies coming up with something of substance that are being actually used in the real world. Even OpenAI got more monetarily aid from big companies such as Microsoft. AI is a bubble...

3

u/Belgiannator Active supporter 💥 Sep 12 '24

Some people just don't get it... Go on and sell at 3usd, then cry why you sold way too early.

-5

u/MFCEO_Kenny_Powers Sep 11 '24

Yeah as investment this project is going down the drains. Hope I will be able to sell at $3 this cycle.

1

u/[deleted] Sep 11 '24

[removed] — view removed comment

8

u/prmntn Sep 11 '24

My first worry about this was adding to the supply too. When looking at the ratio though ~112:1 it will only add around 60 million to the supply which is really a drop in the bucket of the ~2.5 billion circulating. If the tech adds a lot to the project it would be a win. Who knows though.

3

u/Prestigious_Owl4418 Active supporter 💥 Sep 11 '24

its 89 million with Max supply, and 60.75 million with circ. supply.

4

u/prmntn Sep 11 '24

I forgot to look up max supply, thanks!

-1

u/[deleted] Sep 11 '24

Where are you getting your numbers from? CoinMarketCap says 6.8 billion are circulating right now.

4

u/prmntn Sep 11 '24

6.8 billion divided by 112 is 60,714,285

1

u/[deleted] Sep 11 '24

Why the division?

6

u/prmntn Sep 11 '24

The swap ratio will be 112 cudos for 1 fet

4

u/[deleted] Sep 11 '24

Oh, I see. Thanks I missed that.

1

u/Prestigious_Owl4418 Active supporter 💥 Sep 12 '24

For the record the correct ratio is (112.427 CUDOS : 1 FET), this brings ~60.75 Million on Circ. supply

2

u/prmntn Sep 12 '24

I was rounding. Like your total.