- 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 looking for to merge the alliance with decentralized bodily infrastructure community (DePIN) platform CUDOS.
SingularityNET, Fetch.ai, and Ocean Protocol merged into one entity below 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 staff 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 research 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 embody the assertion that the distributed AI computing supplier can 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 companies, will assist the Synthetic Superintelligence Alliance’s quest to develop into 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 move 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).
Based on particulars within the announcement, the CUDOS to FET conversion ratio can be 112.427:1. A 5% merge price can be utilized to deliver it to roughly 118.344:1.
The price of CUDOS token rose sharply after the information, reaching highs of $0.01 earlier than paring beneficial properties. CUDOS’ each day buying and selling quantity was up 113% to over $1.2 million on the time of writing.