Binance, a number one cryptocurrency trade, has introduced its help for the upcoming token merge involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). These tokens can be merged right into a single token referred to as Synthetic Superintelligence (ASI), in keeping with the official announcement from Binance.
Common Data
Ranging from July 1, 2024, at 03:30 (UTC), Binance will droop deposits and withdrawals for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Customers are suggested to make sure their deposits for these tokens are absolutely processed earlier than this time. Binance will deal with all technical necessities for customers concerned within the token merge occasion.
Merge Particulars
As soon as the merge is full, the brand new ASI token can be listed on Binance with the next conversion ratios:
1 FET = 1 ASI
1 OCEAN = 0.433226 ASI
1 AGIX = 0.433350 ASI
Binance will delist and stop buying and selling on all spot buying and selling pairs for FET, OCEAN, and AGIX at 03:00 (UTC) on July 1, 2024. The brand new ASI spot buying and selling pairs can be accessible ranging from July 5, 2024, at 08:00 (UTC).
Influence on Different Binance Companies
Futures
Binance Futures will shut all positions and conduct an automated settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts at 09:00 (UTC) on June 25, 2024. Customers are suggested to shut any open positions earlier than this time to keep away from automated settlement.
Margin
Binance Margin will delist the cross and remoted margin pairs for AGIX, FET, and OCEAN at 06:00 (UTC) on June 26, 2024. Customers are suggested to shut their positions and switch their belongings from Margin Pockets to Spot Pockets earlier than this time.
Loans
Binance Loans will shut all excellent mortgage positions for FET, OCEAN, and AGIX at 03:00 (UTC) on June 25, 2024. Customers are suggested to repay their excellent loans earlier than this time to keep away from potential losses.
Earn
Binance Easy Earn will stop help for FET, OCEAN, and AGIX Easy Earn Versatile and Locked Merchandise from 03:00 (UTC) on June 28, 2024. Present subscriptions can be routinely redeemed and credited to customers’ Spot Wallets.
Different Companies
Binance Pay, Present Card, Convert, Auto-Make investments, and Purchase Crypto providers may even be affected, with delistings and suspensions occurring between June 18 and July 1, 2024.
For extra detailed info on the token merge and its influence on numerous Binance providers, customers can consult with the official Binance announcement.
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