The Fetch.ai community is currently invited to participate in a pivotal vote on Proposal 33, a significant software upgrade aimed at completing the token merger of CUDOS into the Fetch.ai (ASI) mainnet and the Artificial Superintelligence (ASI) Alliance. This proposal builds upon the groundwork established by Proposal 31 and focuses on executing the technical migration necessary to finalize this merger.
The outcome of this vote will solidify the union of two powerful ecosystems, enhancing computational resources for the ASI Alliance and driving future growth in decentralized AI development. The details of Proposal 33 have been announced here.
Recap of Proposal 31: Preparing for the CUDOS-Fetch.ai Network Merger
Proposal 31, submitted on September 19, 2024, marked the beginning of a strategic initiative for the ASI Alliance. It outlined a clear plan for the token merge between CUDOS, a decentralized cloud computing platform, and the ASI ecosystem. Proposal 33 builds on this by implementing the network upgrade required to finalize the merger.
Moreover, Proposal 33 introduces additional improvements to the ASI Ecosystem, particularly for users of the Fetch.ai mainnet. These include the configuration of the Municipal Inflation for the MOBX and NOMX tokens at a 3% APR and general improvements to the reconciliation process.
Proposal 33: Implementing the Final Technical Upgrade
The primary focus of Proposal 33 is the critical software upgrade that will finalize the CUDOS integration into the Fetch.ai mainnet. This upgrade is essential to complete the network merger and bring the technical and operational improvements promised by Proposal 31 to fruition.
The primary objective is to fully merge the CUDOS mainnet into the Fetch.ai (ASI) mainnet, ensuring that all stakeholders benefit from expanded computational resources. All existing balances, delegations, and rewards on the CUDOS mainnet will be migrated to the Fetch.ai (ASI) mainnet with a predefined ratio of 118.344:1 FET (ASI).
The upgraded reconciliation service allows for the immediate withdrawal of funds for all affected users, providing a more practical process than past versions. Additionally, maintenance and stability improvements, such as optimization of contract storage, are included.
The Benefits of the CUDOS Integration
The integration of CUDOS into the Fetch.ai (ASI) mainnet offers numerous advantages to the broader ecosystem. CUDOS’s decentralized cloud computing capabilities provide Fetch.ai with a scalable, cost-effective infrastructure to support the growing computational demands of AI and AGI applications.
The merger extends the utility of the FET (ASI) token by enabling token holders to participate in the supply and demand for decentralized computing resources, unlocking new opportunities for token utility within the ecosystem. This integration aligns seamlessly with the ASI Alliance’s mission to decentralize AI and AGI development, making high-performance computing accessible to a global community of developers, researchers, and innovators.
The success of Proposal 33 is critical to realizing the full potential of the CUDOS integration. By voting in favor of this proposal, community members endorse the completion of a transformative merger that will enhance the ASI Alliance’s technological infrastructure and broaden its computational capabilities.
Validators play a crucial role in this process and must ensure their nodes are upgraded at the designated block height to prevent desynchronization. The network upgrade requires prompt action, and community participation is vital to ensure a smooth transition.
Proposal 33 represents the final step in a strategic process that began with Proposal 31. The integration of CUDOS into the Fetch.ai (ASI) mainnet is a groundbreaking development that will enhance the Fetch.ai ecosystem’s computational capabilities, support the decentralized AI vision of the ASI Alliance, and position the Alliance as a leader in AI innovation. Community members are encouraged to review the details of this proposal thoroughly and exercise their right to vote, contributing to shaping the future of Fetch.ai.
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