SingularityNET Launches FET Token on Cardano, Replace AGIX

Bittime - SingularityNET announced that the token DONE, previously known by the name AGIX, has now officially launched as a native token on the network Cardano. 

Rebranding AGIX to FET Token 

Token DONE has undergone rebranding and is now placed under the banner ASI Alliance. This rebranding represents a major change in SingularityNET's strategy, where FET becomes an integral part of the Cardano-based platform. 

Previously, the native token in the Cardano ecosystem used by SingularityNET was AGIX, but now the token is officially replaced by FET. This step was taken to create alignment with SingularityNET's long-term vision and development plans on the Cardano network.

Read Also: Fetch.ai Announces Automatic Conversion of FET Tokens to ASI

Future Plans: FET Turns Into Breast Milk

Other than that, SingularityNET too leaks related future plans to FET. Even though it currently still uses the FET ticker, SingularityNET plans to replace the ticker with BUT. 

This change reflects SingularityNET's commitment to the ASI Alliance and the AI-based products they will develop. DIth this ticker change, SingularityNET wants to emphasize its focus on decentralized AI development.  

Launch of FET Token on Cardano Network

Token launch DONE as a native token on Cardano brings many benefits to users and developers in the SingularityNET ecosystem. 

First, with FET on Cardano, transactions are faster and cheaper compared to other blockchain platforms. This is because Cardano is known for its energy efficiency and high scalability.

Additionally, by adopting Plutus Core for smart contract development, FET tokens can now be used in a variety of products and services that leverage the power of blockchain technology and AI.  

Read Also: ASI Token Merger: FET Begins First Phase with AGIX & ​​OCEAN!

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