Ocean Protocol Foundation exits ASI Alliance, $OCEAN may restart trading

ChainCatcher news, according to an announcement from Ocean Protocol, the Ocean Protocol Foundation has announced its immediate withdrawal from the Artificial Superintelligence Alliance and the retraction of its designated board members; it stated that in the future, it will use derivative technology to incubate profits to buy back and destroy $OCEAN to continuously reduce supply.

Currently, the token bridge managed by Fetch.ai is still open, and $OCEAN can be converted at a rate of 0.433226 $FET/$OCEAN; as of July 2024, 81% of $OCEAN has been converted to $FET, but there are still about 270 million $OCEAN that have not been converted, belonging to 37,334 wallet addresses. Exchanges that have delisted $OCEAN can evaluate re-listing, and it is currently available for trading on Coinbase, Kraken, UpBit, Binance US, Uniswap, and SushiSwap.