The Ocean Protocol Foundation withdraws from the ASI Alliance, and $OCEAN may restart trading.

PANews reported on October 9th that the Ocean Protocol Foundation announced its immediate withdrawal from the Artificial Superintelligence Alliance and the withdrawal of its designated directors. The foundation stated that it will use profits from derivative technology incubation to repurchase and destroy $OCEAN to continuously reduce its supply. The token bridge managed by Fetch.ai remains open, with $OCEAN convertible at a rate of 0.433226 $FET/$OCEAN. As of July 2024, 81% of $OCEAN has been converted to $FET, but approximately 270 million $OCEAN remains unconverted, held in 37,334 addresses. Exchanges that have delisted $OCEAN are evaluating relisting it, and it is currently available for trading on Coinbase, Kraken, UpBit, Binance US, Uniswap, and SushiSwap.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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