The Artificial Superintelligence (ASI) Alliance has unveiled a proposal to integrate CUDOS into its ecosystem. This move aims to merge the CUDOS token with the ASI token, enhancing the Alliance’s computational capabilities and efficiency. The proposal was officially submitted on 11th September 2024, and the outcome hinges on community approval via a vote scheduled from 19th to 24th September 2024.
📢 ATTENTION! HUGE NEWS INCOMING 📢
CUDOS and the Artificial Superintelligence Alliance (@ASI_Alliance) propose a game-changing strategic token merger to propel AI research and development 🔎
CUDOS, a leader in distributed AI computing, is set for a landmark token merger with… https://t.co/C2V0h28urD
The primary goal of this integration is to create a more robust foundation for Artificial Superintelligence (ASI) research and deployment. By merging with CUDOS, the ASI Alliance seeks to bolster its position as a leading platform for decentralized AI technologies. The proposed merger follows a recent trend of token consolidations, including those between SingularityNET, Fetch.AI, and Ocean Protocol. According to the ASI Alliance, this move will scale their computational resources and enhance the overall efficiency of their ecosystem.
🧠 This merger isn’t just about technology; it's about a vision for a decentralized AI future. Imagine AI that learns, adapts, and scales autonomously—all powered by a resilient, decentralized infrastructure. 🌐#AI#AGI#Blockchain#CUDOS#FET#ASI
Matt Hawkins, Founder and CEO of CUDOS, emphasised the benefits of this integration, stating, “This partnership isn’t just about combining resources. It’s about creating an ecosystem where AI and blockchain technology can thrive, setting the stage for breakthroughs in decentralized AGI.”
Details of the Token Merge
The integration will involve converting CUDOS tokens into ASI (FET) tokens at a rate of 118.344 CUDOS per FET, adjusted to account for a 5% fee. The conversion process will be managed through the SingularityDAO platform, with native CUDOS holders required to migrate their tokens during a network upgrade. The conversion window will be open for an extended period, with comprehensive guides provided to assist users.
Today, the @ASI_Alliance announced another project merging into the $FET token and ASI technology stack.
This merge is not just groundbreaking for decentralized #AI, but also reveals the opportunity for token holders to further grow the project’s value.
The integration is expected to increase the supply of FET tokens by approximately 3.27%, with a vesting period of three months for public token holders and ten months for treasury assets.
Impact on the ASI Ecosystem
The addition of CUDOS is anticipated to significantly enhance the ASI Alliance’s computational power. CUDOS’s network provides access to thousands of GPUs, which are crucial for processing large-scale AI workloads. This move is expected to reduce reliance on centralized providers, thereby fostering innovation and making high-performance computing more accessible to a broader audience.
Humayun Sheikh, Chairman of the ASI Alliance, highlighted the importance of decentralisation, stating, “Decentralized computing offers greater scalability, resilience, and security. It prevents bottlenecks, enhances privacy, and minimizes vulnerabilities to attacks.”
Voting and Future Prospects
The community vote on the proposal is a critical step in determining the future of the ASI Alliance’s expansion. If approved, the integration will mark a significant milestone in the Alliance’s efforts to build a comprehensive decentralized AI technology stack. The voting process will ensure that all stakeholders have a voice in the decision-making process, with eligible voters including FET token holders on various blockchains.
Conclusion
The proposed integration of CUDOS into the ASI Alliance represents a significant advancement in the development of decentralized AI infrastructure. By combining resources and expanding computational capabilities, the Alliance aims to set a new standard in the field of AI and blockchain technology. The outcome of the upcoming community vote will be pivotal in shaping the future of this ambitious project.
