Token Merge Schedule of Ocean Protocol (OCEAN) to Artificial Superintelligence Alliance (FET)

As we, Bitkub Exchange (“Company”), previously announced that we would support the token merge of Ocean Protocol (OCEAN) to Artificial Superintelligence (ASI) to align with the token issuer’s operational plan (reference), please be informed that the process will be adjusted since the precise timeline to merge Ocean Protocol (OCEAN) to Artificial Superintelligence (ASI) tokens is yet to be identified by the token issuer. For the benefit of our customers, we will merge Ocean Protocol (OCEAN) to Artificial Superintelligence Alliance (FET) at this stage. Once the timeline for ASI migration is available, we will announce accordingly.

The details and schedule of the token merge from Ocean Protocol (OCEAN) to Artificial Superintelligence Alliance (FET) can be found below.

1. Network: Ethereum (ERC-20) (Remain unchanged)

2. Change of token name

• Current token: Ocean Protocol (OCEAN)

• New token: Artificial Superintelligence Alliance (FET)

3. Change of token symbol

The logo of the FET token that will appear on the platform of Bitkub Exchange is shown below.

4. Token ratio after merging OCEAN to FET

According to the OCEAN token issuer’s guideline, OCEAN tokens will be changed to FET tokens at a ratio of 1:0.433226 (1 OCEAN : 0.433226 FET).

5. Schedule

• Termination of OCEAN deposit, withdrawal, and trading 

21 November 2024 at 10:00 AM (GMT+7)

• Snapshot process of OCEAN total balance on Bitkub Exchange system
  21 November 2024 at 10:00 AM (GMT+7) onwards

• Activation of FET deposit, withdrawal, and trading
  Will be announced further.

Attention

• OCEAN trading is available as usual until the Company begins the token merge to FET according to the abovementioned schedule.

• The Company will change the OCEAN tokens stored in all Bitkub Exchange wallets to FET automatically; customers who hold OCEAN tokens on Bitkub Exchange do not need to process anything concerning this merge. Once the token merge is completed, the FET tokens will be stored in FET wallets on Bitkub Exchange.

• If you do not consent to Bitkub Exchange to merge your OCEAN tokens in your Bitkub wallet into FET tokens, please consider managing your digital assets carefully before the said token merge begins according to the mentioned schedule.

For more information about the token merge announced by the token issuer, please click here.

Remarks:

• Bitkub Exchange reserves the right in its sole discretion to amend or change these announcement details, and we will notify you further if there is any change.

• The prices of OCEAN and FET tokens may differ. Please consider managing your digital assets carefully before the merge of OCEAN to FET tokens per this announcement begins. (You can check the market price of the FET token here).

• The asset price may fluctuate due to market mechanism. Please do research and make a careful investment decision.

• Cryptocurrency investment is classified as a high-risk investment. Before making investment decisions, please consider the risks and invest wisely. 

Should you need any further assistance or have further queries, please reach out to us via Bitkub Support or call 1518 available 24/7.

Thank you for your trust and continued support.