ASI Governance Proposal: Integration of PAAL into the Artificial Superintelligence Alliance
Proposal Overview
Proposal Title: Integration of Paal.ai into the Artificial Superintelligence Alliance Proposer(s): Artificial Superintelligence (ASI) Alliance Date: November 12, 2024 Category: AI Agents and Chatbots Utility: Productization of Chatbots, Digital Companions, and AI Agents
1. Introduction
This proposal seeks approval from the Artificial Superintelligence (ASI) Alliance community for the token merger of Paal.ai (Paal), a leading provider of AI-driven chatbots, into the ASI ecosystem. This initiative aims to merge the Paal token with the FET(ASI) token, consolidating both ecosystems to enhance the development and productization of AI chatbots and digital companions. This initiative supports ASI’s mission of building a robust, decentralized AI infrastructure, which aims to accelerate the development of Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) under a transparent, community-led governance framework.
Integrating Paal will significantly broaden the ASI Alliance’s product suite and streamline the development of commercially viable agent-based products and applications. This proposal follows ASI’s successful integration of SingularityNET, Fetch.ai, Ocean Protocol, and CUDOS, forming one of the world’s largest decentralized AI alliances.
2. Project Background
2.1 Project Overview
Project Name: Paal.ai
Token Symbol: Paal
Token Utility: Primary payment method for AI chatbots and digital companions
Project Description: Paal is an innovative platform focused on AI-driven chatbots and personalized digital assistants, widely deployed across platforms like Telegram and Discord. Paal’s solutions support autonomous research, real-time analytics, and data aggregation, making it an important asset in driving engagement and fostering interactive digital experiences.
Key Achievements: Paal’s chatbots are used across thousands of cryptocurrency communities, enhancing user engagement through dynamic AI-powered tools. Paal’s extensive adoption underscores the demand for accessible and intelligent digital companions within the AI marketplace.
2.2 Synergies with ASI
Alignment with ASI Goals: Paal’s commitment to AI productization aligns seamlessly with ASI’s mission to create scalable, decentralized AI solutions. Integrating Paal will expand the utility of the ASI token and support the deployment of practical, AI-driven applications that benefit the broader ecosystem.
Contribution: Integrating Paal will add immediate, market-ready AI solutions to ASI’s product suite, fostering greater user engagement and accessibility. Paal’s solutions will leverage ASI Alliance’s existing technologies, including Fetch.ai’s autonomous agent framework and CUDOS’ distributed compute capabilities.
3. Token Merge Plan
This proposal outlines a comprehensive strategy for merging Paal tokens with ASI (FET) tokens, ensuring seamless interoperability and enhanced value across the ecosystem.
3.1 Proposed Conversion Ratios and Tokenomics
FET (ASI) Token Supply: 2,719,493,896
Paal Token Supply: 1,000,000,000 (1 billion)
Token Merger Rate: $PAAL 6.24:1 FET - $PAAL tokens migrate to $FET, at this conversion rate
Token Merge Fee: 5% (covering marketing and integration expenses)
Staking Contribution: 5% of the Paal token supply is designated for staking rewards
Conversion Ratio: $PAAL 6.933333:1 FET calculated with a 10% adjusted rate (6.24 / 90%) -> if a user has 7 PAAL this would be converted into ~1 FET
Average Price (30-Day Window): FET(ASI) $1.56, Paal $0.25
Supply Increase: 160,256,410.256410256410256411FET(ASI) (i.e. 1,000,000,000 / 6.24)
Vesting Period: 180 days for converted tokens
Post-merger total supply projections: 2,879,750,307 FET(ASI)
The proposed merge plan ensures a fair value exchange, accompanied by a token merge cost and a staking offset contribution to support long-term goals. The conversion will include a vesting period to maintain market stability.
3.2 Token Merge Process
Conversion Methodology: Paal tokens on ERC20 will be converted to FET (ASI) through the SingularityDAO platform, using an approval-based migration contract and a dedicated dApp for streamlined management.
Support for Token Holders: A comprehensive set of guides and tutorials will assist users through the conversion process. The conversion window will remain open for a defined period, allowing all holders ample time to participate.
Exchange-held Funds: Token holders must transfer Paal tokens to self-custody wallets in preparation for Paal’s delisting from exchanges.
3.3 Token Merge Timeline
November 18: Voting Opens
November 23: Voting Closes
November 27: Ethereum Network Token Merge Opens provided the community agrees with the proposal
4. Strategic Justification
4.1 Benefits to the ASI Ecosystem
Technological Synergies: Paal’s expertise in AI-driven chatbots and digital companions will enhance ASI’s portfolio by complementing technologies such as OpenCog Hyperon’s cognitive architecture, Fetch.ai’s autonomous agents, and CUDOS’ scalable compute infrastructure.
Market Expansion: Paal’s established user base will extend ASI’s reach, bringing decentralized AI solutions to new communities and expanding ecosystem adoption.
Increased Token Utility: The integration introduces new use cases for the ASI token, fostering ecosystem growth through subscriptions, staking rewards, and premium AI services.
5. Voting Process
The voting process has been designed to ensure transparency, fairness, and accessibility for the ASI community.
Eligibility: FET(ASI) token stakers and holders on Ethereum, Cardano, and Binance Smart Chain will be eligible, excluding liquidity providers and exchange-held tokens. Voting on EVM/Cardano and BSC will be conducted via the SingularityNET Voting Portal.
Mainnet Voting: Voting on the mainnet will occur through wallets that support the Fetch.ai mainnet such as the ASI Wallet, Keplr, Leap, Cosmostation and others.
Voting on EVM/Cardano will be conducted via the SingularityNET Voting Portal.
6. References
7. Conclusion
The integration of Paal into the ASI Alliance represents a strategic milestone that solidifies ASI’s leadership in decentralized AI. By merging Paal’s innovative AI solutions with ASI’s extensive technological resources, this partnership enhances ASI’s capacity for impactful product development and expands its market reach. Together, Paal and ASI will drive community growth, enrich token utility, and propel ASI’s mission of democratizing access to AGI and ASI technologies.
This proposal underscores a shared commitment to a future where AGI and ASI are accessible, transparent, and beneficial for all. The collaboration between ASI and Paal will set a new benchmark for decentralized, ethical AI development, advancing a mission that serves both community interests and technological progress.
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