Artificial Superintelligence Alliance (@ASI_Alliance): November 12, 2024 – The Artificial Superintelligence (ASI) Alliance, a coalition of leading AI and blockchain innovators including https://x.com/singu…

November 12, 2024 – The Artificial Superintelligence (ASI) Alliance, a coalition of leading AI and blockchain innovators including https://x.com/singularitynet, https://x.com/fetch_ai, https://x.com/oceanprotocol, and https://x.com/cudos_, has proposed the addition of https://x.com/paalmind (Paal), a trailblazer in AI-driven chatbots and personalized AI solutions, pending community approval. Paal's potential integration represents a leap forward in the Alliance’s mission to build a decentralized AI ecosystem and drive the development of Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI). Community voting is scheduled to begin on November 18, 2024, and will close on November 23, 2024. Renowned for its specialized AI agents and chatbots on popular platforms like Telegram and Discord, Paal has gained traction across thousands of active cryptocurrency and technology communities. With AI solutions designed to enhance community management, real-time analytics, autonomous research, and data aggregation, Paal aligns strongly with the ASI Alliance’s mission to make advanced, decentralized AI solutions accessible and impactful. The potential addition of Paal would amplify the ASI Alliance’s ability to connect with a broad, engaged user base. Through Paal’s platform-agnostic chatbot technology, ASI tools can become more accessible across diverse digital communities. By integrating with the ASI Alliance, Paal would significantly extend the reach of decentralized AI, providing users with intuitive, AI-powered tools that enhance engagement and simplify access to advanced AI capabilities. Dr. Ben Goertzel, CEO of ASI Alliance, noted: “I’m excited about the expansion of the ASI Alliance to include Paal, which will mark a significant increase in our ability to rapidly generate AI-based products meeting user needs. I’ve been aware for some time of Paal’s products providing AI tools for the crypto space, and over the last months as I’ve gotten to know the Paal team better, I’ve been impressed by their ability to deeply understand user needs and rapidly roll out products addressing them. Paal’s high-speed, customer-focused energy, product suite and customer base will add valuable ingredients to the ASI mix, assisting us in growing our community and our economics as we progress together toward increasingly more powerful and widely adopted decentralized AGI and ASI.” "The integration of https://Paal.ai within the ASI Alliance represents a pivotal step toward our goal of making advanced AI not only powerful but also practical and accessible for everyday use,” states Humayun Sheikh, chairman of the ASI Alliance and CEO of https://Fetch.ai. “True progress in AI isn’t just about research—it’s about creating solutions that seamlessly fit into the lives and workflows of users. Paal’s expertise in deploying user-centric AI tools on platforms empowers communities to harness the potential of AI right where they engage. This proposed merger is a testament to our commitment to translating AI breakthroughs into real-world value, driving meaningful interaction, and expanding the reach of decentralized intelligence across global digital communities." “We are thrilled about the opportunity to join the Artificial Superintelligence (ASI) Alliance, a collective of some of the most innovative and visionary projects in the decentralized AI space,” said David Mohammed Osi Oyarekhua Nafiu, co-founder of https://Paal.ai. “This collaboration marks a significant milestone for Paal, as it will allow us to extend the capabilities of our AI-driven solutions while also amplifying our presence in the global AI and blockchain communities. By joining forces with well-established teams like SingularityNET, https://Fetch.ai, Ocean Protocol, and CUDOS, we are confident that this partnership will accelerate the adoption of decentralized AI across popular digital platforms such as Telegram and Discord, bringing even more value to our dedicated community. With ASI projects running strong, backed by solid teams, and listed on major exchanges, our integration will not only enhance the interoperability of AI tools but will also offer our users unprecedented access to a diverse range of advanced AI services. We’re excited to see the innovative applications and growth that our community will experience as we work together to push the boundaries of what’s possible in the world of AI and blockchain.” FET (ASI) Token Supply: 2,719,493,896 Paal Token Supply: 1,000,000,000 (1 billion) Token Merger Rate: $PAAL 6.24:1 FET - $PAAL tokens migrate to $FET, at this conversion rate Token Merge Fee: 5% (covering marketing and integration expenses) Staking Contribution: 5% of the Paal token supply is designated for staking rewards Conversion Ratio: $PAAL 6.933333:1 FET calculated with a 10% adjusted rate (6.24 / 90%) -> if a user has 7 PAAL this would be converted into ~1 FET Average Price (30-Day Window): FET(ASI) $1.56, Paal $0.25 Supply Increase: 160,256,410.256410256410256411FET(ASI) (i.e. 1,000,000,000 / 6.24) Vesting Period: 180 days for converted tokens Post-merger total supply projections: 2,879,750,307 FET(ASI) **The proposed merge plan ensures a fair value exchange, accompanied by a token merge cost and a staking offset contribution to support long-term goals. The conversion will include a vesting period to maintain market stability. The ASI Alliance’s merger with https://PAAL.AI introduces a structured tokenomics framework to support both ecosystems' goals. With defined token supply, staking, and incentives, the network aims for sustainable growth, stability, and efficiency. Below is a summary of the tokenomics and operational guidelines for ASI (FET) and PAAL tokens. With Paal as a proposed member, the ASI Alliance stands poised to reach new milestones in decentralized intelligence. Paal’s integration would expand the Alliance’s technology stack, making AI tools more accessible, scalable, and impactful. Together, Paal and the ASI Alliance could accelerate the journey toward decentralized AGI and ASI, setting the stage for transformative advancements that redefine what is possible with AI in the blockchain space. About The Artificial Superintelligence Alliance The Artificial Super Intelligence (ASI) Alliance is a collective formed by https://Fetch.ai, SingularityNET (SNET), Ocean Protocol and CUDOS. As the largest open-sourced, independent entity in decentralized AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: https://superintelligence.io About SingularityNET SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: https://singularitynet.io. About https://Fetch.ai https://Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. https://Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: https://fetch.ai About Ocean Protocol Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: https://oceanprotocol.com About CUDOS CUDOS is a leading Decentralised Physical Infrastructure Network (DePIN) for AI compute, providing advanced computational solutions for a range of applications. Specializing in AI-driven projects and large-scale data analysis, CUDOS leverages decentralized technology to deliver powerful, scalable, and cost-efficient compute resources. Our network empowers developers, enterprises, and researchers to push the boundaries of innovation, harnessing the full potential of AI and big data. Through our commitment to transparency, efficiency, and sustainability, CUDOS is at the forefront of the Web3 revolution, transforming the landscape of computational technology.