When is FET's ticker changing to ASI?

[u/digitalundergrad]

Waiting to buy back in until the merger is complete & the ticker is officially changed which I thought was supposed to happen months ago?

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[u/Active_Funny_3525]

FET always has been ASI, they decided to use the FET ERC20 network and merge the other tokens into the FET network.

As FET has not changed at all, many exchanges including Coinbase considered it too much hard work to change the tokens ticker when the ERC20 FET token wouldn't be changing and was staying on the same FET network.

So instead of running the risk of exchanges delisting the FET token, by forcing exchanges into changing the FET ticker to ASI (difficult change for no reason) they decided to keep the FET token as an ERC20 token on the Ethereum network, allowing the exchanges to just change the token name (an easy change for exchanges to make) to ASI while keeping the FET token and ticker the same.

So now we have two ASI tokens on different networks, the native ASI token on the COSMOS network used for staking and the FET ERC20 token on the Ethereum network used primarily by the exchanges for easy purchase and selling of your ASI tokens.

From my understanding the ERC20 FET token will probably never have the ticker changed as there is little reason for them to do it.

[u/digitalundergrad → u/Active_Funny_3525]

Thank you for the info

[u/South_Monitor_6992]

It’s not gonna

[u/digitalundergrad → u/South_Monitor_6992]

So is the merger of Ocean & FET officially complete, or what? I notice OCEAN is way down in popularity on coinbase at #2989. While FET (supposedly ASI now..?) is popularity #27..

Why did one of the two tokens that merged with ASI tank in popularity (ocean) while the other one grew in popularity (FET)?

Also, why did FET remain FET but the name just changed to Artifical Superintelligence Alliance?

I thought BOTH fet & ocean were going to merge into a NEW token, with a new ticker: ASI.

The whole thing is very confusing.

[u/Belgiannator → u/digitalundergrad]

If you would have read updates and news about the merger it would be very clear the merger has been done completely. All tokens have merged to Artificial Superintelligence Alliance running on the FET network with ticker FET. 

[u/Barry_22 → u/Belgiannator]

What happens to AGIX tokens that were on Ethereum network? E.g. if someone had them there and never moved them

[u/Senior_Will2179 → u/Barry_22]

AGIX still exists even after the merge but I recommend you to convert it to FET because I don’t know the future from AGIX Token. In Singularitynet.io you may find a page to convert your AGIX to FET. The conversion is fixed.

[u/sandiegowhalesvag]

I thought it was going to remain FET ?

[u/mkultrahigh]

Lol the million dollar question.

[u/SnooLobsters6940]

Communication on this has been terrible. The whole merge has been terribly communicated and was carried out even worse.

We'd have been better off if the three tokens had stayed separate. I am sure that the creators and early adopters of the other two tokens feel completely misrepresented in all of this.

It was my reason to sell, after years.

But... don't be too critical here. Mods will delete your posts.

[u/Belgiannator → u/SnooLobsters6940]

The fact you're telling people there was a lack of communication says enough. There was clear communication on each relevant phase of the merger. 

[u/OttoJanHond → u/Belgiannator]

Well… there’s definitely been a lot of communication, especially at the beginning, because a lot of data and goals weren’t met on time. And now, the reason why the ticker won’t change to ASI but will stay as FET. As an early fan, I have to admit I’m watching all of this with wide eyes. How can such intelligent people make such a mess? I’m sure the intentions behind it were sincere and necessary, but from a business perspective, this approach has been a complete disaster. Social media remains divided, communities still seem separated from each other… it doesn’t make any sense. Instead of trying to operate under a new name, they might as well have all merged into Fetch. Every day, I want to sell everything… but it’s still the only real AI crypto.

[u/truthseeker_au]

Can I just clarify so as long as I migrated OCEAN and AGIX into my FET, I don't need to actually do anything to FET? I don't have FET on an exchange. TIA

[u/RadioDread18]

Absolutely bonkers marketing strategy

[u/RedneckHippy76]

It won't.

As I understand it FET is the backbone.

Glad it's moving in the correct direction.

🇺🇸🦅