Cudos Joins the Artificial Superintelligence Alliance

@CUDOS_ joins the Alliance, marking a significant step in developing decentralized AI infrastructure

Members of the Cudos community have voted overwhelmingly in favor of merging the decentralized cloud computing network with the Artificial Superintelligence (ASI) Alliance, a move that will bring Cudos’ vast computing resources to the Alliance and pave the way for the vision of “artificial general intelligence” that can learn and make decisions by itself to become a reality.

The result of the vote also means that $CUDOS tokens holders will need to exchange those assets for $FET, as part of the process of aligning the Cudos project with the ASI. Fortunately, the process will involve very little effort on behalf of token holders.

The ASI is a collaborative that was established earlier this year by a trio of the biggest blockchain-based AI projects in the industry - Fetch.ai, SingularityNET and Ocean Protocol. The projects said at the time that by pooling their resources, they’ll be able to create a decentralized and ethical AI ecosystem that’s better able to challenge the likes of OpenAI and Google, the most dominant AI platforms today.

CUDOS Joins the Artificial Superintelligence Alliance@CUDOS_ joins the Alliance, marking a significant step in developing decentralized AI infrastructure

As the Alliance grows stronger, paving the way for advancements toward AGI/ASI

— Who would you like to see join next..? pic.twitter.com/aOKWe2ckvC

By bringing Cudos onboard, the Alliance will gain significant computing resources, a necessary step if it’s to fulfill its ultimate ambition of creating a decentralized AGI system for the benefit of humanity. According to the Alliance, Cudos brings to the table a vast pool of high-end GPU resources, including some of the most advanced Nvidia models. It will vastly increase the amount of computing power available to the network, unlocking new possibilities for innovation in decentralized AI.

A key part of the merger is the integration of the $CUDOS token with $FET, which is the native token of the Alliance. This is a necessary step to enable the ASI to take advantage of Cudos’ extensive compute infrastructure network, and will see it become the world’s largest decentralized AI ecosystem.

What do $CUDOS token holders need to do?

With the vote now settled, $CUDOS token holders will need to prepare themselves for the upcoming swap, whether they like it or not. But there’s no need for worry, because the Alliance has come up with a plan to make the move as seamless as possible.

For most $CUDOS token holders, whose tokens live on the Ethereum blockchain, that will mean using the SingularityDAO platform to exchange them for $FET via a dedicated smart contract. SingularityDAO originally created this token swap portal at the time the Alliance was founded, in order for $AGIX and $OCEAN token holders to convert their assets into $FET, and the platform will soon be expanded to cater for $CUDOS tokens as well.

The SingularityDAO Platform itself is a showcase for the power of decentralized, blockchain-based AI. Created by SinguarlityNET, it’s a DeFi management protocol that leverages AI models to optimize crypto portfolio management for crypto users. With it, users can essentially automate their investment strategies, increasing their overall yield while minimizing the risk they’re exposed to.

What’s especially interesting is that its automated strategies can be customized according to the user’s level of risk tolerance. So those who’re willing to risk getting burned can go all out in an effort to maximize their profits, while those who are more risk-averse can opt for safer, consistent yields.

Three-month vesting schedule

Not every $CUDOS token holder will need to go through the SingularityDAO platform. For those who hold tokens on the Cudos blockchain, they’ll automatically receive the equivalent amount in $FET on the ASI network once the swap occurs. Meanwhile, those who have staked or delegated tokens will not have to do anything either, and they will keep earning rewards even as their tokens are automatically swapped.

Those who hold $CUDOS on Ethereum and want to join the automated process can use the Cudos Bridge ahead of the migration. In that case, they won’t need to swap their tokens manually through SingularityDAO’s platform.

In every case, all new $FET tokens will have a three-month vesting schedule, so it may be a good time to sell if you’d rather not be locked into such a commitment.

The merger between $CUDOS and $FET follows the successful integration of $FET with $AGIX and $OCEAN earlier this year.