Ocean Protocol Charts Future Amid Merger with Superintelligence Alliance

Ocean Protocol outlines the future of Passive DF, Volume DF, and veOCEAN following the governance vote of Superintelligence Alliance partners. If a negative outcome ("no") is reached, all three aspects will continue operations normally. However, if a positive outcome ("yes") occurs, all three will be removed to ensure a smooth transition to ASI.

Ocean Protocol Outlines Future Plans Amid Merger with Superintelligence Alliance

In a comprehensive update, Ocean Protocol has unveiled its roadmap for the future following the announcement of its strategic merger with Fetch.ai and SingularityNET, culminating in the creation of the $ASI token. The merger, spearheaded by the Superintelligence Alliance, aims to foster the development of an AI platform catering to businesses, governments, and researchers.

The merger has triggered significant changes in the ecosystem, with the protocol detailing the impact on three key aspects: Passive Data Farming (DF), Volume Data Farming (DF), and veOCEAN.

Scenario 1: Negative Voting Outcome

If the Superintelligence Alliance partners conclude with a "no" vote, the three aspects will continue operating as usual without any modifications. Compensation will be disbursed to users for the period of inactivity, and payouts will proceed as scheduled. Once the DF82 settlement is completed on March 28, 2024, rewards for Passive DF and Volume DF will cease.

Scenario 2: Affirmative Voting Outcome

In the event of a "yes" vote, all three aspects will be phased out from the ecosystem to ensure a smooth transition to the ASI platform, aligning with the programs established by SingularityNET and Fetch.

veOCEAN

For users who have locked OCEAN for veOCEAN, the following formula will be applied to calculate the compensation:

(1.25^years_til_unlock) - 1)*num_OCEAN_locked

The airdrop is anticipated to occur within weeks if the outcome is affirmative. veOCEAN holders will receive rewards only if they have earned a payout of 25% APY throughout their lock period. Commitments, payouts, and expectations remain unaltered, as per the official announcement from Ocean Protocol.

Predictor DF

Regardless of the voting outcome, Predictor DF will remain unaffected. Ocean Protocol captured a snapshot on March 27, 2024, at 00:00 am UTC, in anticipation of a potential "yes" vote.

Market Reaction

The merger announcement has had a noticeable impact on the values of the respective tokens. Fetch.ai's FET has witnessed a 1.37% increase in the past 24 hours, currently trading at $3.30. SingularityNET's AGIX has also surged by 0.91% within the same timeframe, exchanging hands at $1.36. OCEAN, despite a 5.43% decline in the past 24 hours, is expected to rebound, potentially coinciding with the Bitcoin Halving or further updates on the merger.

Data Farming Pause

Ocean Protocol's Data Farming incentive program is currently on hold, awaiting the outcome of the Superintelligence Alliance's governance protocol. The team anticipates that the situation could unfold over several weeks, emphasizing that appropriate actions will be taken based on the voting outcome.

In conclusion, Ocean Protocol's clear and comprehensive roadmap provides guidance to its users regarding the future of the protocol. The strategic merger with Fetch.ai and SingularityNET under the Superintelligence Alliance umbrella represents an ambitious endeavor to advance the field of AI and establish a robust platform for businesses, governments, and researchers alike.