[ATI] 09.09.2024 Rebalance

Background

Rebalancing occurred as part of a product review prior to its launch, following a market shift two-month period after the initial settings.

Status

The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 03/09/2024, 00:00 UTC. The Rebalancing R.U. represents the actual outcomes after executing the rebalancing function, aligned with the previously calculated target values.

During this rebalancing total $112.54 was swapped to reallocate the weights and 2.04% of slippage has occurred due to the swap rates of the connected pools which is 0.721% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$112.54	$110.24	2.04%	0.721%

• WETH (Left Over) is the left over amount of WETH that is not swapped to other tokens. If you redeem with component tokens, you will receive the WETH as well.

Changes

The Render (RENDER, formerly RNDR) token has been removed from the components due to a migration to Solana Network. Instead of Render, Artificial Superintelligence Alliance (FET) token has been selected as a new AI project on Ethereum Network.

Name	Token	Price ($)	marketCap ($)	DEX TVL ($ 1M)	Token Contract
Artificial Superintelligence Alliance	FET	$1.24	$3,112,267,949	9.2	0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85

• Ethereum Network Availability (ERC20): FET is available as an ERC20 token on the Ethereum network following the migration.

• AI Category and Tier 1 Exchange: FET falls into the AI token category on platforms such as CoinMarketCap

• Not a Security: There is no current indication that the FET token is considered a security.

• Bearer Instrument and No Wrapping: FET is a utility token for the Artificial Superintelligence Alliance, and it is not a wrapped token, tokenized derivative, or tied to a physical asset.

• Market Cap: FET’s market capitalization is well above $100 million, standing at over $3.1 billion (CMC on 03/09).

• DEX Liquidity: Fetch.AI tokens can be traded on decentralized exchanges (DEXs) with 9.1M liquidity on Ethereum (Uniswap on 03/09)

• Project Traction: New merged project of ASI might be a new one, but AGIX, OCEAN and Fetch.AI has been operational for over three months, with significant history and usage within the decentralized AI space.