- 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 searching for 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 growth 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 growth 🔎
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 an important addition to the ASI Alliance. Notably, its says CUDOS, which faucets into blockchain to supply scalable, cost-efficient and versatile cloud AI companies, will assist the Synthetic Superintelligence Alliance’s quest to turn into a pacesetter in synthetic common intelligence (AGI).
“This partnership is not only about combining our assets; it’s about making a seamless ecosystem the place AI and blockchain expertise can thrive collectively, pushing the boundaries of what decentralized AI can obtain. By leveraging CUDOS’ highly effective computing community throughout the ASI framework, we’re setting the stage for groundbreaking developments in AI that may redefine the way forward for expertise and pave the way in which 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 price will probably be utilized to deliver it to roughly 118.344:1.
The value of CUDOS token rose sharply after the information, reaching highs of $0.01 earlier than paring positive factors. CUDOS’ day by day buying and selling quantity was up 113% to over $1.2 million on the time of writing.
