AGI token to be hard-forked to Cardano-compatible. AGI holders will receive a 1:1 airdrop of AGIX.
SingularityNET AGI token is ready for the biggest milestone since it was first generated: becoming cross-chain compatible! 1billion tokens on Cardano will be minted and in addition to that 1 billion on Ethereum will be minted along with the ability to seamlessly swap between one token and the other at a 1:1 ratio. The new supply will be released over a period of 91 years, at an exponentially decreasing rate. To prepare for that, AGI token will be replaced with the AGIX token, which has a 1 billion fixed supply cap and was built for Ethereum only and has the appropriate supply to support the migration and will be interoperable between the Ethereum and Cardano blockchains.
AGIX token contract address : 0x5B7533812759B45C2B44C19e320ba2cD2681b542
In order to support the upgrade, the existing Ethereum contract will be replaced, thereby creating a hard fork that will make the old AGI obsolete and launch the brand new AGIX token. On May 28th at 08:00 A.M. UTC+0 a snapshot of AGI balances will be taken to automatically airdrop AGIX on a 1:1 basis (you will not need to pay any gas fees). Please note that the AGI token will cease being supported from May 28th! This hard fork is a largely automated process, but please check that your AGI tokens are stored in the places listed in the section below before May 28th 08:00 AM UTC+0, so that we can get your AGIX tokens to you.
IF your tokens are in a wallet to which you control the private keys OR staked in our staking portal you don’t have to do anything to participate in the hard fork. To avoid any complications it is best to keep your tokens in your wallet and not engage in any AGI(X) transactions between May 28th at 08:00a.m. UTC+0 and May 31st when you receive your AGIX tokens.
We are in talks with centralized exchanges to smoothly convert AGI tokens on their platform to AGIX, and will keep our community posted as this discussion finalizes. Therefore, if you have AGI tokens on a centralized exchange such as Binance or Kucoin, we advise you to wait and stay tuned to this blog for confirmation that your tokens will be converted from AGI to AGIX. In the highly unlikely event that the exchanges are unable to convert automatically, we will let you know well in advance of the May 28th 08:00 AM UTC+0 snapshot so you can move your tokens to a safe place. If you are leaving your AGI tokens on a centralized exchange, please subscribe to this blog for updates.
IF your AGI tokens are in the liquidity pools of a DEX like Uniswap, you will need to move them to a privately owned wallet before May 28th 08:00a.m. UTC+0 to allow us to send you your AGIX tokens in a prompt way and without undue complexities.
AGIX tokens will be airdropped to AGI token holders on a 1:1 basis. The critical dates for the 1:1 AGI to AGIX airdrop are as follows:
May 28th 08:00 AM UTC+0 AGI snapshot for hard fork
May 28th AGI hard fork starts and start AGIX release
May 31st AGI hard fork finishes — AGIX released to all wallets
After 28th of May, the old AGI will no longer be usable on the SingularityNET platform or on exchanges. Between May 28th and May 31st, the new AGIX tokens will be distributed to all existing wallets.