OKX has expanded its spot trading offerings with the addition of two prominent artificial intelligence-focused digital assets: Fetch.ai (FET) and SingularityNET (AGIX). This move provides traders with direct access to two leading projects at the intersection of AI and blockchain technology.
The listing follows a specific schedule to ensure a smooth rollout for all users.
Detailed Trading Schedule
The availability of deposits, trading, and withdrawals for these new assets will be phased. All times are in Coordinated Universal Time (UTC).
- Deposits Open: November 24, 2023, at 6:00 am UTC.
- Spot Trading Begins: November 24, 2023, at 10:00 am UTC. The trading pairs will be FET/USDT and AGIX/USDT.
- Withdrawals Open: November 27, 2023, at 10:00 am UTC.
Adhering to this official timetable is crucial for users who wish to participate from the very start of trading.
Project Overview: Fetch.ai (FET)
Fetch.ai is building an innovative network that combines machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology. Its goal is to create an "economic internet" where autonomous software agents can perform tasks, such as data processing or supply chain logistics, on behalf of users without human intervention.
Key Token Details:
- Asset Name: Fetch.ai
- Ticker: FET
- Total Supply: 1,152,997,575
Project Overview: SingularityNET (AGIX)
SingularityNET operates as a decentralized marketplace for AI services. It aims to create a protocol for connecting various AI and machine learning tools, allowing them to communicate and collaborate. This open network enables developers to share their AI algorithms and services and be rewarded, while users can access a wide range of AI capabilities in one place.
Key Token Details:
- Asset Name: SingularityNET
- Ticker: AGIX
- Total Supply: 1,354,841,475
The Significance of AI Cryptocurrencies
The integration of AI with blockchain is a rapidly growing sector within the digital asset space. Tokens like FET and AGIX power networks that aim to democratize access to artificial intelligence, creating new economic models and use cases. Their listing on major exchanges increases their accessibility and liquidity, offering traders exposure to this innovative technological convergence. For those looking to dive deeper into the mechanics of these markets, you can explore more strategies for navigating emerging crypto sectors.
Risk Considerations for Traders
Investing in any digital asset, especially those in emerging technological fields, carries inherent risks. The cryptocurrency market is known for its high volatility, and asset prices can fluctuate significantly. The overview provided here is for informational and educational purposes only and should not be construed as financial advice.
It is essential to conduct thorough personal research (DYOR) and understand your own risk tolerance before engaging in any trading activity. Evaluate the project's fundamentals, technology, team, and market conditions before making any investment decisions.
Frequently Asked Questions
Q: What are the trading pairs for FET and AGIX on OKX?
A: Both tokens are initially available for trading against Tether (USDT). The specific pairs are FET/USDT and AGIX/USDT.
Q: When can I start withdrawing FET or AGIX from my OKX wallet?
A: Withdrawals for both Fetch.ai (FET) and SingularityNET (AGIX) will be enabled on November 27, 2023, at 10:00 am UTC. Deposits and trading begin earlier on November 24.
Q: What is the main purpose of the Fetch.ai network?
A: Fetch.ai aims to create a decentralized digital economy where autonomous "agents" perform complex tasks, such as optimizing trading strategies or coordinating logistics, to create a more efficient economic internet.
Q: How does SingularityNET work?
A: SingularityNET is a decentralized marketplace and protocol. It allows AI developers to publish and monetize their services while users can browse, test, and purchase a wide variety of AI tools using the AGIX token.
Q: Is trading these assets available to users in all jurisdictions?
A: No. Users are responsible for ensuring that trading any digital asset is compliant with the laws and regulations of their own country of residence. Always check local rules before participating.
Q: Where can I find more information about a specific token's contract address?
A: Always verify contract addresses directly from the official project sources or the exchange's official announcement page to avoid scams. The article provides the contract details for both FET and AGIX for reference. To view real-time tools and asset data, always use official platforms.