The cryptocurrency landscape is evolving rapidly, and exchanges must adapt to support new blockchain advancements. In line with this progress, OKX has announced its support for the upcoming AGIX token migration, a critical step in the development of the SingularityNET ecosystem. This strategic move ensures users can transition smoothly to the next phase of decentralized AI innovation.
As one of the world’s leading crypto exchanges by trading volume and a major player in Web3 technology, OKX continues to prioritize user experience, security, and interoperability across emerging blockchain networks.
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Understanding the AGIX Token Migration Timeline
To ensure a secure and orderly transition, OKX has outlined a clear timeline for the AGIX token migration process. All users holding AGIX on OKX should take note of the following key dates and actions:
Step 1: Suspension of Spot Trading (July 1, 2024, 08:00 UTC)
At this time, all pending orders for AGIX will be automatically canceled. The AGIX/USDT spot trading pair will be suspended to prepare for the migration. Traders are advised to manage open positions before this deadline to avoid unintended liquidations or order rejections.
Step 2: Halt of Deposits and Withdrawals (July 1, 2024, 10:00 UTC)
Deposits and withdrawals of AGIX tokens will be temporarily disabled across all networks. This pause ensures network stability during the migration window and prevents discrepancies in user balances.
Step 3: Account Snapshot and Token Conversion (July 1, 2024, 16:00 UTC)
A full account snapshot will be taken at 4:00 PM UTC. This includes both funding and trading accounts on OKX. Based on the snapshot, eligible AGIX holdings will be converted to the new token standard—FET (Fetch.ai token)—as part of the broader convergence within the Artificial Superintelligence Alliance (ASI).
It's important to emphasize that only completed deposits and settled balances at the time of the snapshot will be considered. Any tokens in transit—either being withdrawn or not yet confirmed—will not be included.
Key User Considerations During Migration
While OKX handles the technical backend, users must remain proactive to protect their assets. Below are essential points every AGIX holder should understand:
- Sub-Account Balances: If you use sub-accounts on OKX, note that after migration, resulting FET tokens will be credited directly to your main account. Ensure proper fund allocation post-migration.
- Minimum Holding Requirement: Users must hold at least 1 AGIX (excluding open orders) for their balance to qualify for migration. Holdings below this threshold will not be processed.
- No Action Required for Eligible Holders: Users who meet the criteria do not need to manually initiate migration—the process is fully automated by OKX in coordination with the official ASI protocol update.
Why This Migration Matters for the Future of AI and Blockchain
The AGIX token migration isn't just a technical upgrade—it represents a significant leap forward in merging artificial intelligence with decentralized infrastructure. SingularityNET, along with Fetch.ai and Ocean Protocol, forms the core of the Artificial Superintelligence Alliance (ASI), aiming to build an open, decentralized AI economy.
By consolidating efforts under a unified tokenomics model using FET as the base asset, the alliance enhances cross-platform functionality, improves liquidity, and strengthens developer incentives across AI-driven dApps.
This convergence empowers developers to build scalable AI agents that interact seamlessly across blockchains, unlocking real-world applications in healthcare, finance, robotics, and more.
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Ensuring a Seamless Transition for Millions of Users
With over 50 million global users, OKX plays a pivotal role in bridging mainstream adoption with cutting-edge blockchain developments. The exchange’s infrastructure is designed for high availability, low latency, and robust security—critical factors during sensitive operations like token migrations.
OKX’s support includes:
- Real-time system monitoring during suspension windows
- Automated snapshot validation
- Transparent communication via email and in-app notifications
- Post-migration reconciliation and support
These measures minimize downtime and reduce user risk, reinforcing trust in digital asset management platforms.
Frequently Asked Questions (FAQ)
Q: What happens if I deposit AGIX after the cutoff time?
A: Deposits made after 10:00 UTC on July 1, 2024, will not be included in the snapshot. You’ll retain ownership of your AGIX, but manual migration may be required later through official channels.
Q: Will I lose my tokens if I have less than 1 AGIX?
A: Tokens below the 1 AGIX threshold won’t be migrated automatically. However, they remain in your account—you may consolidate them later when external migration tools become available.
Q: Why are sub-account FET tokens sent to the main account?
A: This simplifies accounting and prevents fragmentation across sub-wallets during large-scale migrations. You can redistribute funds afterward.
Q: Is there a fee for this migration?
A: No. OKX does not charge any fees for token migrations supported directly on the platform.
Q: When will trading resume for the new token?
A: FET spot trading is expected to resume shortly after successful migration confirmation. OKX will announce exact relisting times via official channels.
Q: Can I withdraw FET immediately after migration?
A: Yes, once deposits and withdrawals are re-enabled and network conditions allow, full functionality will be restored.
Staying Informed in a Fast-Moving Crypto Environment
Crypto markets demand vigilance. Token migrations, network upgrades, and protocol shifts happen frequently—especially within innovative sectors like AI and machine learning on blockchain.
OKX remains committed to keeping users informed through its Support Center and educational resources like OKX Learn, where readers gain insights into market trends, technical analysis, and fundamental drivers behind major cryptocurrencies such as Bitcoin, Ethereum, and emerging AI-focused tokens.
Whether you're tracking price movements influenced by macroeconomic factors or exploring next-gen Web3 use cases, staying educated is key to navigating volatility and opportunity alike.
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Final Thoughts
The AGIX token migration marks a milestone in the convergence of artificial intelligence and decentralized networks. With OKX providing full platform support, users can confidently participate in this transformative upgrade without operational friction.
As blockchain continues to redefine industries beyond finance—especially in AI integration—exchanges that offer reliability, speed, and clarity will lead the next wave of adoption.
By aligning with forward-thinking projects like SingularityNET and ASI, OKX reinforces its position not just as a trading venue, but as a gateway to the future of digital innovation.
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