ASI Governance Proposal: Integration of CUDOS into the ASI Alliance
ASI Governance Proposal: Integration of CUDOS into the Artificial Superintelligence Alliance
1. Proposal Overview
Proposal Title: Integration of CUDOS into the Artificial Superintelligence Alliance Proposer(s): Artificial Superintelligence (ASI) Alliance Date: 11th September 2024 Category: Token Merge / Cloud Compute Status: Proposal Submitted Utility: Network Validation / Settlements
2. Introduction
This proposal seeks the approval of the Artificial Superintelligence (ASI) Alliance community for the integration of CUDOS into the ASI Alliance. The objective is to merge the CUDOS token into the ASI token, aligning both projects to enhance the ASI ecosystem's computational capabilities and overall efficiency by leveraging CUDOS’ decentralized cloud computing network. This integration is a strategic move towards realizing ASI's vision of becoming the world's largest decentralized AI ecosystem, creating an unparalleled foundation for Artificial Superintelligence (ASI) research, development, and deployment.
By merging the CUDOS token with the FET(ASI) token not only do we scale the Alliance's computational resources but also fortify its position as the leading platform for decentralized AI, AGI, and ASI initiatives. This move is part of a broader strategy that includes the recent token merger between SingularityNET, Fetch.AI, and Ocean Protocol, which together form the world's largest web3 open-source, independent AI research and development alliance. This coalition accelerates progress towards decentralized Artificial General Intelligence (AGI) and, ultimately, ASI, ensuring these technologies are governed by the global community rather than centralized entities with narrow interests.
The integration of CUDOS into the ASI ecosystem reinforces the Alliance's commitment to scaling decentralized AI and safeguarding the development of superintelligent systems. This merger brings ASI closer to its goal of creating a robust, scalable, and independent AI infrastructure that is open and drives rapid advancements while maintaining the highest standards of transparency and inclusivity.
3. Project Background
3.1 Project Overview
Project Name: CUDOS
Token Symbol: CUDOS
Token Utility: Provision and commissioning of decentralized cloud compute, Network Validation (PoS), Value Transaction, Governance,
Project Description: CUDOS is a decentralized cloud computing platform that provides scalable, cost-effective computational power, enabling users to both supply and consume computing resources. The platform is particularly suited to decentralized applications (dApps), artificial intelligence (AI), and other computationally intensive tasks. Operating as a layer-2 network on various blockchains, including Ethereum, CUDOS also has its sovereign layer-1 network built using the Cosmos SDK.
Key Achievements: CUDOS has established itself as a leader in decentralized cloud computing, boasting a growing network of compute providers and forging partnerships with prominent blockchain and tech industry players.
3.2 Synergies with ASI
Alignment with ASI Goals: CUDOS’s focus on decentralized cloud computing aligns closely with ASI’s mission to advance decentralized AI, AGI, and ASI technologies. Furthermore, CUDOS expands the utility of the ASI token by providing access to a growing marketplace of computational resources, essential for the development and deployment of advanced AI models.
Potential Contributions: The integration of CUDOS into the ASI Alliance brings a multitude of benefits, significantly enhancing the Alliance's tech stack by providing scalable, decentralized computing resources essential for the processing power required by advanced AI models. Additionally, the integration of CUDOS expands the utility of the ASI token, allowing token holders to pay for computational resources and providing a discount for staking them. This collaboration democratizes AI development by making high-performance computing more accessible to a global audience, fostering innovation, and ensuring that the benefits of AI are widely distributed across society.
4. Token Merge Plan
This proposal outlines a detailed plan to merge the CUDOS token with the ASI token, ensuring seamless interoperability and increased value within the ecosystem. The conversion process allows CUDOS token holders to exchange their tokens for ASI (FET) tokens at a predetermined rate based on factors such as market cap, token supply, and projected future utility.
4.1 Proposed Conversion Ratios and Tokenomics
The conversion ratios between $CUDOS and $FET (ASI) tokens are set at:
Token Merger Rate: CUDOS 112.427:1 FET - $CUDOS tokens migrate to $FET, at this conversion rate.
Token Merge Fee: 5%
Conversion Ratio: CUDOS 118.344:1 FET calculated as a 5% adjusted rate (112.427 / 95%) -> if a user has 119 CUDOS this would be converted into ~1 FET
Average Price: 30-Day Window ($0.0084497923197215x)
Vesting (public): 3 Months
Vesting (treasury): 10 Months
Supply Increase: 88,946,755.672 FET (i.e. 10,000,000,000 / 112.427)
As a non-founding member of the ASI Alliance, CUDOS has agreed that all token merger transactions will be vested over a 3-10 month period, with a 5% fee applied to cover marketing, research, development, integration, and legal costs. The conversion ratio includes this fee to ensure a fair exchange of value.
The price of each token for the conversion was fixed before the announcement of the merger to avoid the valuation being impacted by sudden post-announcement market activity.
4.2 Token Merge Process
Network Upgrade: During this upgrade, the CUDOS mainnet will be halted, and all token balances, including delegated tokens, will be merged into FET (ASI). Delegators associated with validators opting not to migrate to the Fetch.ai (ASI) mainnet will have their funds automatically redelegated to CUDOS-managed validators.
Support for Token Holders: Comprehensive guides and tutorials will be provided to assist token holders with the conversion process. The conversion window will remain open for an extended period, allowing ample time for all CUDOS holders to participate.
Support for Exchange held funds: Assets on Exchanges should be withdrawn into a self-custody wallet in preparation for the halting of the CUDOS mainnet and the delisting of CUDOS from all markets.
AGIX on Cardano and Ethereum: Direct conversion tools will be provided, enabling AGIX holders on Cardano to migrate in time to vote. Ethereum staking pool for AGIX will be discontinued and tokens automatically returned to stakers.
4.3 Token Merge Timeline
Sep 11th: CUDOS Token Merger Governance Proposal
Sep 14th: FET on Cardano Migration / Bridge Open
Sep 14th: AGIX Ethereum Staking Close
Sep 19th: Snapshot Taken / Vote Open
Sep 24th: Vote End
Sep 26th: Ethereum Network Token Merge Open
4.4 Native Chain Merge Timeline
Upon successful completion of Token Merge, CUDOS Chain will be merged into Fetch (ASI) Mainnet. This operation will take up to 4 weeks, and be completed by the end of October.
Week 1-2: CUDOS/Fetch Testnet Setup
Week 1-2:CUDOS Native Chain Validator Switch
Week 3: Network Upgrade proposals on CUDOS and Fetch (ASI) Native
Week 4: CUDOS To Fetch (ASI) Native Chain Merge
Week 4: Chain Merge End
5. Strategic Justification
5.1 Benefits to the ASI Ecosystem
Technological Synergies: The CUDOS network provides critical decentralized cloud computing resources that can efficiently handle the massive workloads required for AI model training and deployment. By integrating CUDOS, the ASI ecosystem will gain access to these resources, significantly enhancing its ability to process large-scale AI workloads cost-effectively. Additionally, decentralizing these resources mitigates the risk of centralization, technological capture and silicon-based supply chain constraints, further protecting the ASI ecosystem.
Market Expansion: CUDOS’ integration will attract a wider array of developers, enterprises and projects to the ASI ecosystem, especially those in need of scalable computing power. Alongside SingularityNET and Fetch.ai’s own Data Centers, CUDOS’ access to global AI GPUs, including NVIDIA H100s, at reduced costs compared to centralized providers such as AWS, will allow the ASI Alliance to further reduce AI development costs while maintaining high computational standards.
Increased Token Utility: This merger will substantially expand the utility of the ASI token, enabling the community to actively participate in the supply and demand of decentralized, high-performance computational resources within the CUDOS network.
6. Voting Process
To ensure fairness and transparency, the voting process will include criteria that enable token holders to have a voice in the decision-making process. Users who have staked their FET tokens on the Fetch.ai (ASI) mainnet will be eligible to vote. All FET (ASI) token holders on Ethereum, Cardano, and Binance Smart Chain, with the unfortunate exception of Liquidity Providers, will be eligible to vote.
FET(ASI) Token Stakers: Eligible to vote on all chains
FET(ASI) Token Holders: Eligible to vote on Ethereum, Cardano, BNB Chain
FET(ASI) On Exchange: Not Eligible
FET(ASI) Liquidity Providers: Not Eligible
FET(ASI) Mainnet Voting: Non-Custodial Cosmos Wallet Voting Interface
Voting Options: Yes / No* / Abstain
*FET(ASI) Mainnet voters will see an additional option ‘No with veto’, this will be considered a ‘No’ vote.
7. References
8. Conclusion
About CUDOS CUDOS is a leading Decentralised Physical Infrastructure Network (DePIN) for AI compute, providing advanced computational solutions for a range of applications. Specializing in AI-driven projects and large-scale data analysis, CUDOS leverages decentralized technology to deliver powerful, scalable, and cost-efficient compute resources. Our network empowers developers, enterprises, and researchers to push the boundaries of innovation, harnessing the full potential of AI and big data. Through our commitment to transparency, efficiency, and sustainability, CUDOS is at the forefront of the Web3 revolution, transforming the landscape of computational technology.
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