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Cryptocurrency News Articles
Any-Token Payments Could Boost ASI Adoption & FET Value
May 04, 2025 at 12:00 am
Crypto community member David Hollmer proposed via X (formerly Twitter) a strategy for the Artificial Superintelligence Alliance (ASI).
A member of the crypto community has proposed an interesting strategy for the Artificial Superintelligence Alliance (ASI), which is currently being formed from the upcoming Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) token merger.
As highlighted by David Hollmer via X (formerly Twitter), ASI should accept payments for its AI services using any cryptocurrency, not just the native FET/ASI token.
Accepting diverse crypto payments will promote easier adoption of ASI’s services, according to Hollmer, who suggested a system where ASI implements a transparent conversion mechanism, using a minimal transaction fee, to automatically swap incoming payment tokens into FET (soon to be ASI).
This protocol benefits FET/ASI holders by increasing demand and value for the token through the conversion process.
“I think we should make it possible, that your services can be paid for in ANY money or money token effortlessly. Because it really doesn't matter, what people pay with. As long as it's transparent, any token can be converted to FET with a 0.1% fee and a simple formula, e.g., 'last 1000 trades on FTX, Binance, and Coinbase are used for the average price' or similar.”
While ASI’s current model emphasizes the native token, Hollmer believes this broader payment flexibility significantly widens ASI’s user base and offers greater long-term benefits.
This observation and proposal from the crypto user come as FET, once a hyped crypto asset in the AI sector, has been showing signs of recovery. The token was one of the most discussed in the early days of decentralized AI solutions, boasting massive potential and high expectations.
However, FET struggled since the 2021 bear market and appears to be realigned with the general crypto market trend, considering its price behavior since the beginning of 2025.
TradingView’s data shows a FET decline in Q1 2025 before the latest rally, aligning with the crypto market surge in April. The AI token gained nearly 140% during the latest rally and trades at around the resistance level at the time of writing.
This means that further price appreciation depends on overcoming the current resistance. Increased adoption of the ASI Alliance technologies, driven by user-friendly strategies like Hollmer’s proposal, can be the catalyst for the token to push towards higher valuations.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Christian Thompson, Managing Director of the Sui Foundation, stated that bipartisan U.S. stablecoin legislation will be a powerful mechanism for driving capital formation and retail onboarding into Web3 ecosystems.
- May 06, 2025 at 12:20 am
- Speaking with Benzinga on the sidelines of Sui basecamp in Dubai, Thompson, a former Meta Deputy Chief Information Security Officer and Libra/Diem project contributor, emphasized stablecoins' role in enabling fast, inexpensive, and reliable cross-border transactions.
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