CUDOS token surges amid ASI merger proposal

The native token of distributed AI computing platform CUDOS has increased by more than 12% in the past 24 hours.

The CUDOS price surged to highs of $0.01 before encountering resistance as the market reacted to news of a proposed merger between CUDOS and the Artificial Super Intelligence Alliance (ASI). ASI announced the potential merger on September 11.

Artificial Super Intelligence Alliance proposes merger with CUDOS

The ASI group, which recently formed from the merger of SingularityNET, Fetch.ai, and Ocean Protocol, said it is considering adding AI computing provider CUDOS. The three tokens have merged into the Artificial Superintelligence Alliance token (FET).

The merger will be subject to approval by the communities of both projects, and a governance vote is scheduled for September 19-24, 2024, according to the statement.

The stage is set for decentralized AGI

CUDOS founder Matt Hawkins said the potential integration with the Artificial Superintelligence Alliance could help create the world’s “largest vertically integrated, decentralized AI technology stack.”

CUDOS gives users access to top-tier AI infrastructure like NVIDIA’s H100 GPUs at around half the cost of traditional cloud providers like Amazon AWS, which could lead to dominance for blockchain-based providers.

If the proposed ASI merger goes through, it would also pave the way for advances in the field of artificial general intelligence.

“By leveraging CUDOS’s powerful computing network within the ASI framework, we are laying the groundwork for groundbreaking advances in AI that will redefine the future of technology and pave the way for decentralized AGI and ASI.”

Matt Hawkins, Founder of CUDOS

CUDOS token will be migrated to FET

CUDOS will switch to FET tokens at a FET conversion ratio of 112.427:1 with a token coupling fee of 5%. This will result in an effective coupling ratio of 118.344:1 between CUDOS and FET, increasing the FET supply by over 88.9 million tokens.

The CUDOS blockchain will continue to operate while the merger is being evaluated, and if the community approves the proposal, the migration will begin.