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Search results for "ASI"
07:40

ASI alliance merger breakdown update: Ocean requests Fetch.ai to promptly inject the promised 110.9 million $FET into the token migration contract.

The Ocean Protocol Foundation denies Fetch.ai executives' accusations of "stealing community tokens," emphasizing that the relevant tokens belong to the independent organization Ocean Expeditions, and requests Fetch.ai to inject the promised tokens for exchange as soon as possible, stressing that there is no possibility of "returning" the tokens.
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ASI-1.62%
FET9.71%
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11:32

Ocean explains the reason for exiting ASI: partners have violated the core commitment of "all parties retaining control over assets."

Ocean Protocol recently announced its exit from the Artificial Super Intelligence Alliance, citing that partners SingularityNET and Fetch.ai violated asset control commitments. The significant fall of the FET Token after the merger is related to internal dumping within the alliance, and Ocean emphasized that it will continue to develop independently to protect community interests.
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ASI-1.62%
FET9.71%
  • 1
  • 1
  • 1
11:17

Ocean Protocol explains its reasons for exiting the ASI alliance, accusing two partners and stating that a lawsuit has been filed.

PANews reported on October 23 that Ocean Protocol explained its reasons for withdrawing from the ASI alliance to refute "false accusations," blaming its partners SingularityNET and Fetch for violating the alliance's core commitment of "retaining control of assets by all parties." Ocean pointed out that after the merger, SingularityNET engaged in reckless financial operations and significantly consumed market liquidity, including issuing an additional $100 million in Tokens and maintaining a huge monthly expenditure of $6 million. Fetch founder Sheikh was accused of ignoring the principles of Decentralization, not only selling a large amount of Tokens but also attempting to force Ocean to convert all assets of its independently operated community treasury, oceanDAO, into FET Tokens. Ocean requested to withdraw as early as April 2024 due to the loss of cooperation basis but was met with legal threats. Ultimately, Fetch and
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ASI-1.62%
FET9.71%
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