Biggest AI crypto project as of yet and why you should read the documents before investing.

At the end of March, there was a big announcement that, although for a lot of people meant a huge step in a right direction, went basically unnoticed for most.

It was an announcement by three of the biggest and most ambitious crypto AI projects: Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). They declared that they will be joining forces under a new project with the same token called Artificial Superintelligence Alliance (ASI).

The objectives of the merger were few as outlined on their website:

To create the largest open-source, decentralized player in AI research and development.

To provide an unprecedented opportunity for the three influential, decentralized leaders to create a powerful, compelling alternative to Big Tech’s control over AI development, use, and monetization.

The fusion of Ocean Protocol, SingularityNET, and Fetch.ai’s research, brands, technologies, and products creating a foundation to build an unprecedentedly scalable decentralized AI infrastructure, ensuring ethical and trustworthy practices.

Facilitating the combination of three thought-leaders in the research and development of AGI (Humayun Sheikh, Dr. Ben Goertzel, and Dr. Trent McConaghy), advancing the path to development of the technology on the blockchain.

The advancement of the path to AGI’s development on the blockchain.

For me personally, this could be one of the biggest projects crypto has ever seen. AI is the poster child of the latest bull run not just in the crypto world but especially on the stock exchanges. The merge is supposed to happen this month, and here it gets a bit interesting. Since there will be three different projects that will be merged under one token, it begs the question of which one to invest in if you want to be eligible for the $ASI conversion. Everything was well thought out, and the design by which the holders of FET, AGIX, and OCEAN are to receive ASI is pretty clear:

$FET becomes $ASI with a total supply of 2.63055 billion tokens (1 to 1 conversion),

$AGIX tokens migrate to $ASI at a conversion rate of 0.433350 to 1,

$OCEAN tokens migrate to $ASI at a conversion rate of 0.433226 to 1. One would expect that the prices of the projects would match at that ratio. But lo and behold, even though the creators promoted the arbitrage, buyers apparently didn’t care or simply ignored the advice.

As things stand right now, by buying $100 worth of each of these 3 tokens, you would yield:

$100 worth of ASI by FET,

$102.99 worth of ASI by OCEAN,

and $104.23 worth of ASI by AGIX,

making it much more profitable to invest in ASI by buying and holding AGIX or selling FET/OCEAN into AGIX until the equilibrium is reached.

I’m super bullish about AI and crypto in general, and thus even more optimistic about what is to be the biggest project combining these two fields. As always, DYOR and study the documents of the projects you intend to buy; otherwise, our investments turn into even more of a gamble than they already are.