- The Artificial Superintelligence Alliance (ASI) has proposed a merger with the CUDOS platform.
- If approved by the community, the native CUDOS token will transition to FET.
The Artificial Superintelligence Alliance recently unveiled a plan for a merger with the decentralized physical infrastructure network (DePIN) known as CUDOS.
Previously, SingularityNET, Fetch.ai, and Ocean Protocol joined forces under the ASI umbrella, and this new proposal aims to integrate CUDOS as a non-founding member of the alliance.
Merger Proposal Overview
On September 11, ASI publicly announced the merger initiative, which was echoed by the CUDOS team on their X account.
📢 HUGE NEWS AHEAD! 📢
CUDOS and the Artificial Superintelligence Alliance (@ASI_Alliance) are exploring a strategic token merger aimed at accelerating AI research and innovation. 🔎
CUDOS, an innovator in distributed AI computing, is gearing up for a groundbreaking token merger with… https://t.co/C2V0h28urD
— CUDOS (@CUDOS_) September 11, 2024
The proposal emphasizes the importance of CUDOS as a vital contributor to the ASI Alliance’s mission in the realm of artificial general intelligence (AGI). In particular, CUDOS utilizes blockchain technology to deliver scalable and cost-effective AI cloud services.
“This collaboration goes beyond mere resource amalgamation; it is about fostering an ecosystem where AI and blockchain technology can coexist and thrive,” stated Matt Hawkins, founder of CUDOS. “Integrating CUDOS’ powerful computational network into the ASI framework paves the way for revolutionary advancements in AI, ultimately contributing to decentralized AGI and ASI.”
CUDOS Token Transition Details
If the merger receives approval from both the CUDOS and ASI communities through a vote scheduled from September 19 to 24, 2024, the CUDOS token will convert to the ASI’s native token (FET).
The conversion is set at a ratio of 112.427 CUDOS to 1 FET, with a 5% merger fee bringing the effective conversion to approximately 118.344:1.
Following this announcement, the CUDOS token experienced a notable increase, peaking at $0.01 before stabilizing, with trading volume climbing 113% to over $1.2 million at the time of this report.
