Initially scheduled to be finalized on June 13, the ASI Alliance has postponed its token merger to July 15.
ASI’s token merger will bring together three AI tokens: Fetch.ai ($FET), Ocean Protocol ($OCEAN), and SingularityNET ($AGIX) into one Artificial Superintelligence token ($ASI).
— Artificial Superintelligence Alliance (@ASI_Alliance) June 11, 2024
Following the SEC’s approval of Form 19B-4, which approved spot Ethereum ($ETH) ETFs on May 23, the Ethereum-based ERC-20 tokens will be available for users to swap their $FET, $OCEAN, and $AGIX tokens for $ASI.
The price of $ETH is likely to increase owing to the price of Bitcoin ($BTC) reaching its ATH of nearly $74K in March due to increasing $BTC ETF demands tied to the cryptocurrency.
ERC-20 meme coins, including $BYTE (+174.11%) and $HOPPY (+84.77%), have recently witnessed gains during the same period as the SEC’s approval of Form 19B-4.
The ASI and ETH ETF approval could also be what’s triggering WienerAI’s ($WAI’s) surge, another ERC-20 token, which recently raised $5.3M in its presale.
$ASI and $WAI share a similarity: they both leverage AI. ASI was developed to seamlessly facilitate and integrate interactions across AI services. Meanwhile, $WAI is getting ready to launch an AI-powered chatbot that proposes winning trades.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We’re delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Let’s dig into what the 3-to-1 token merger could mean for ERC-20 tokens like $WAI and beyond.
What Is the ASI Alliance and Why Does the Merger Matter?
The ASI Alliance is combining three significant players in the AI and decentralized landscape: $FET, $OCEAN, and $AGIX.
A significant advantage of the tokens converging is the $ASI token, which will replace all tokens and combine them into one single ERC-20 token.
Following the merger, the combined value of the tokens will be approximately $7.5B.
Because each token has a different market cap, they will be exchanged at different ratios: $FET will be swapped at a 1:1 ratio, while $AGIX and $OCEAN will be swapped at 1:0.43.
The implication of the ASI token merger in the Ethereum ecosystem is multifaceted. It could potentially:
- Increase activity on the Ethereum network, including tokens, dApps, smart contracts, and more
- Attract more AI projects (like WienerAI, which already offers ETH staking) to the Ethereum ecosystem
- Possibly increase liquidity and prices for Ethereum assets
- Improve interoperability within Ethereum, like seamless interaction between tokens and projects
WienerAI’s Presale Success
WienerAI, currently in its presale, is thriving ahead of the merger.
Already, $WAI’s presale has hit $5.4M. The current price for one $WAI is $0.000717, and the price is set to increase in the next few hours. If you’re interested in buying $WAI, now might be a good time.
Per our price prediction, the price of $WAI could reach $0.02 by the end of 2030.
A total of 69B $WAI tokens are available, which are strategically distributed among different areas.
| Tokenomic Features | $WAI Tokenomics Data |
| Presale | 30% (20.7B) |
| Staking | 20% (13.8B) |
| Community rewards | 20% (13.8B) |
| DEX/CEX liquidity | 10% (6.9B) |
| Marketing | 20% (13.8B) |
Another factor contributing to $WAI’s presale success is its roadmap:
- A worldwide marketing campaign
- Ethereum network takeover
- Token listings on CEX and DEXs
- AI trading bot debut
The project is focused on long-term growth, stability, and expanding its reach with strategic partnerships.
In Summary
The merging of blockchain technology and AI through initiatives like ASI and $WAI reflects investors’ desire for innovative technologies and projects with utility rather than those that depend on hype alone.
$WAI has already raised $5.3M in its presale, reflecting investor interest in the Ethereum blockchain network.
As always, we remind you to DYOR when investing in cryptocurrencies because the market is highly volatile.
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