- Synthetic Superintelligence Alliance revealed a proposal for a merger with CUDOS.
- The native token of CUDOS, an AI compute platform, will convert to FET if proposal passes a neighborhood vote.
The Synthetic Superintelligence Alliance has introduced a proposal in search of to merge the alliance with decentralized bodily infrastructure community (DePIN) platform CUDOS.
SingularityNET, Fetch.ai, and Ocean Protocol merged into one entity underneath the ASI alliance, and the brand new improvement means CUDOS will be part of as a non-founding member.
ASI proposes CUDOS merger
ASI introduced the merger proposal on Sept. 11, whereas the CUDOS group additionally posted this on their X account.
📢 ATTENTION! HUGE NEWS INCOMING 📢
CUDOS and the Synthetic Superintelligence Alliance (@ASI_Alliance) suggest a game-changing strategic token merger to propel AI analysis and improvement 🔎
CUDOS, a pacesetter in distributed AI computing, is ready for a landmark token merger with… https://t.co/C2V0h28urD
— CUDOS (@CUDOS_) September 11, 2024
Particulars of the proposal embrace the assertion that the distributed AI computing supplier will probably be a vital addition to the ASI Alliance.
Notably, its says CUDOS, which faucets into blockchain to supply scalable, cost-efficient and versatile cloud AI providers, will assist the Synthetic Superintelligence Alliance’s quest to turn out to be a pacesetter in synthetic basic intelligence (AGI).
“This partnership is not just about combining our resources; it’s about creating a seamless ecosystem where AI and blockchain technology can thrive together, pushing the boundaries of what decentralized AI can achieve. By leveraging CUDOS’ powerful computing network within the ASI framework, we’re setting the stage for groundbreaking advancements in AI that will redefine the future of technology and pave the way for decentralized AGI and ASI,” mentioned Matt Hawkins, founding father of CUDOS.
CUDOS token migration
If each CUDOS and ASI communities cross the proposal in a vote set for September 19 to September 24, 2024, then the CUDOS token will convert to Synthetic Superintelligence Alliance’s token (FET).
In accordance with particulars within the announcement, the CUDOS to FET conversion ratio will probably be 112.427:1. A 5% merge charge will probably be utilized to carry it to roughly 118.344:1.
The worth of CUDOS token rose sharply after the information, reaching highs of $0.01 earlier than paring beneficial properties. CUDOS’ every day buying and selling quantity was up 113% to over $1.2 million on the time of writing.