VOTE CONCLUDED: Integration of CUDOS to ASI (FET) - Token Merge Process
Thank you to the entire ASI community for supporting and accepting the CUDOS merger proposal! This approval marks a significant step forward for the future of decentralized AI. By integrating CUDOS’ decentralized cloud computing capabilities into the ASI ecosystem, we now have the tools to expand our computational resources, increase accessibility for developers, and accelerate AI, AGI, and ASI development. This merger not only enhances the utility of the ASI token but also strengthens our collective effort to create an open, scalable, and transparent AI infrastructure that benefits the global community.
With the community’s backing, we are positioned to lead the world's largest decentralized AI alliance, driving innovation and ensuring that advancements in AI remain in the hands of the global community rather than centralized powers. The merger solidifies ASI’s role at the forefront of decentralized AI, and we are excited about the transformative opportunities ahead.
Token Merge Process:
- Token Exchange:
- CUDOS token holders will exchange their tokens for FET (ASI) at a conversion rate of 118.344 CUDOS to 1 FET.
- 5% Fee:
- A 5% token merge fee for marketing, research, development, integration, and legal expenses. This fee is already included in the conversion rate.
- Vesting Period:
- Tokens will be linearly vested over a 3-month period.
- Conversion Process:
- ERC-20 based CUDOS tokens can be converted to FET (ASI) via the SingularityDAO platform.
- Network Upgrade:
- The CUDOS mainnet will be halted.
- All token balances, including delegated tokens, will be merged into the Fetch (ASI) Mainnet.
- Delegators not migrating to Fetch.ai (ASI) mainnet will have their funds redelegated to CUDOS-managed validators.
- Exchange-held Funds:
- CUDOS holders on exchanges/DEXs may transfer funds to self-custody wallets before the mainnet halt and token delisting.
- Once in self-custody, holders can convert through the SingularityDAO portal or wait for the network upgrade.
- Post-merger: Upon completion, the CUDOS token will cease to exist, with its value and utility fully merged into the ASI ecosystem.
Phase 1: Rebranding & Merging Tokens – July 1st, 2024
Phase 2: ASI Deployment & Network Upgrade – Date TBD
As the largest open-sourced, independent entity in AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI).
The ASI Alliance represents a significant shift toward a decentralized AI ecosystem, offering an alternative to AI development dominated by big tech. By pooling their resources and expertise, Fetch.ai, SingularityNET, and Ocean Protocol aim to foster innovation, transparency, and inclusivity in the development of advanced AI technologies.
The founding team of the Artificial Superintelligence (ASI) Alliance is comprised of AI visionaries, technologists, and thought leaders from Fetch.ai, SingularityNET, and Ocean Protocol. They are at the forefront of decentralized, ethical, and safe AI development, pioneering advancements in Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).
Ben Goertzel
CEO and Chief Scientist of SingularityNET CEO of the Superintelligence Alliance
Dr. Ben Goertzel is a renowned leader in artificial intelligence, robotics, and computational finance with 25+ books and 150+ research papers published. With a Ph.D. in Mathematics and a career dedicated to both theoretical research and practical application of AI, Dr. Goertzel has been instrumental in advancing the field of artificial general intelligence (AGI). He is the leader of several prominent AI organizations, including SingularityNET, TrueAGI Inc., OpenCog Foundation, and the AGI Society, and was the Chief Scientist for notable AI companies such as Hanson Robotics. Dr. Goertzel's work has significantly contributed to the development of OpenCog Hyperon, an open-source AGI software project, and has played a crucial role in the creation of advanced robots like Sophia, Desdemona and Grace.
Humayun Sheikh
CEO of Fetch.ai and Chairman of the Artificial Superintelligence Alliance
Humayun is an entrepreneur, investor, and tech visionary who is passionate about technologies such as AI, machine learning, autonomous agents, and blockchains. In the past, he was a founding investor in DeepMind, where he supported the commercialization of early-stage AI and deep neural network technology. Currently, he is leading Fetch.ai as CEO, a start-up building the autonomy of the future. He is also the chairman of the Artificial Superintelligence Alliance. Humayun is an expert on the topics of artificial intelligence, machine learning, autonomous agents, and the intersection of blockchain and commodities.
Trent McConaghy
Founder & CTO of Ocean Protocol, Board director in the Artificial Superintelligence Alliance Council
Trent McConaghy has worked in AI since 1997, blockchain since 2013, and AI * blockchain since 2017. He worked on large-scale AI for semiconductors, via a PhD and two startups (both acquired). He worked on NFTs on Bitcoin (ascribe), decentralized databases (BigchainDB), and decentralized AI (Ocean Protocol). He published 40+ papers, 25+ patents, and two textbooks. He helped launch Token Engineering. He's given talks at the UN, Stanford, MIT, Berkeley, NASA, JPL, SFI, and more.
Bruce Pon
Founder & CEO of Ocean Protocol, Board director in the Artificial Superintelligence Alliance Council
Bruce Pon is the Founder of Ocean Protocol, a blockchain startup focused on bringing data and AI together since 2013. Previously, Bruce co-founded Avantalion, a consulting firm that helped to build 20 banks around the globe for companies such as Mercedes-Benz, Volkswagen, Mitsubishi & Jaguar LandRover. He has an Advanced Executive Certificate from MIT Sloan, a B.Sc in Engineering from the University of Saskatchewan, and has given guest lectures at Oxford, MIT Media Lab, Columbia University, and the European School of Management & Technology. In addition to being in the 2020 full-length documentary Cryptopia, Bruce was featured in Oxford University and Saïd Business School’s online Blockchain course as a guest expert and in ARTE’s The Digital Future.
Janet Adams
COO of SingularityNET Board Director in the Superintelligence Alliance Council
As the COO of SingularityNET, Janet Adams brings her extensive expertise and insights to the stage, captivating audiences with her deep understanding of disruptive technologies and their potential impact on various industries. With a passion for AI ethics and regulation, Janet's talks often revolve around the responsible and ethical use of AI in today's rapidly evolving world, alongside the positive potential of decentralised Artificial General Intelligence (AGI). Her dedication to a positive and beneficial Singularity for the benefit of humanity makes her an influential thought leader in the AI and blockchain industries.