Artificial Superintelligence Alliance suggests fusion with cudos

• Artificial Superintelligence Alliance has announced a proposal for a merger with cudos.
• The native Token of Cudos, a AI data platform, is converted into FET if the proposal accepts a community vote.

The Artificial Superintelligence Alliance has announced a proposal that aims at a merger of the alliance with the decentralized physical infrastructure network platform (DEPIN) Cudos.

SingularityNET, FETCH.AI and Ocean Protocol have merged into one unit as part of the ASI alliance, and the new development means that Cudos will join as a non-founding member.

ASI suggests cudos fusion

Since I announced

📢 Attention! Great news comes

cudos and the Artificial Superintelligence Alliance ( @Asi_alliance ) To advance AI research and development

cudos, a leading company in the area of distributed AI computing, faces a groundbreaking token fusion with https://t.co/c2v0h28urd

- cudos (@cudos_) 11. September 2024

The details of the proposal is the claim that the provider of distributed AI computing will be a decisive addition to the ASI Alliance.

In particular, it is said that Cudos uses blockchain to offer scalable, cost-effective and flexible cloud AI services, support the endeavor of Artificial Superintelligence Alliance, to take on a leading role in the field of artificial general intelligence (AGI).

"This partnership is not just about bundle our resources; it is about creating a seamless ecosystem in which AI and blockchain technology can thrive together and the limits of what can be done. By using the powerful computer network of Cudos in the ASI framework, we prepare the stage for groundbreaking progress in the future Redefine technology and pave the way for decentralized AGI and Asi, ”said Matt Hawkins, founder of Cudos.

migration of cudos-token

If both the Cudos and ASI community accept the proposal in a vote from September 19 to 24, 2024, the cudos token is converted into the tokens of the Artificial Superintelligence Alliance (FET).

According to the information in the announcement, the exchange ratio of Cudos will be 112.427: 1. A merging fee of 5 % is charged to bring the ratio to around 118,344: 1.

The price of the Cudos token rose steeply according to the message and reached $ 0.01 before the profits fell again. The daily trade volume of Cudos had increased by 113 % to over 1.2 million USD at the time of the letter of this article.