With the help of its open and effortlessly accessible AI marketplace, SingularityNET, a blockchain-powered platform, makes it simple for anybody to develop, distribute, and make money from AI services. This article provides information about SingularityNET and AGIX crypto.
What is Agix Crypto? A Comprehensive Guide About SingularityNET – 2023
Users can browse, test, and buy a wide range of AI services through the platform marketplace using the platform’s native utility token, AGIX. Additionally, the marketplace serves as a venue for AI tool developers to publish and market their products while also making performance monitoring simple.
Sophia the Robot
The SingularityNET team was a pioneer in the creation of Sophia, the “most expressive robot in the world,” an AI. The platform’s goal is to enable Sophia to fully comprehend human language and to continue developing “OpenCog,” an AI framework that is intended to eventually achieve a level of “advanced general intelligence,” or human-level artificial intelligence.
History of the platform
The platform made its announcement in 2017. Its initial coin offering (ICO) was successfully concluded in December of that same year, raising $36 million in less than one minute. The development team for the SingularityNET project is sizable. Scientists, programmers, researchers, and engineers who specialize in artificial intelligence make up the majority of this team.
Dr. Ben Goertzel founded SingularityNET and currently serves as its executive director and principal scientist. Simone Giacomelli and Dr. David Hanson are two additional developers. In the fields of robotic intelligence and artificial intelligence, Ben Goertzel is well-known. He has a lengthy and distinguished background working for cutting-edge technology firms like Hanson Robotics and the OpenCog Foundation. Ben is also vice president of Humanity+ and chief scientist at Mozi Health.
On the other hand, Simone Giacomelli is a businessman and investor who has experience with Cryptodex, a company that offers consultancy services in the cryptocurrency industry. In March 2019, Simone stepped down from the SingularityNET project and is now employed by the R&D division of Vulpem. In 2015, he started the aforementioned lab.
Dr. David Hanson, the third co-founder of the project, has a lengthy and comprehensive career in the robotics sector. Between 1998 to 2001, he was employed by Disney. Subsequently, he created several robotics firms. This included Hanson Robotics, Initiative for Awakening Machines, and Human Emulation Robotics.
What Differentiates SingularityNET from Others?
SingularityNET is the first platform that enables customers to try any AI service offered on the market to determine whether it satisfies their needs before making a purchase and developers to easily sell their AI tools and libraries.
AGIX tokens can be earned by developers who fulfill these requests, while those in need of specific AI services can also access SingularityNET’s large network of AI experts through the Request for AI portal (RFAI). This portal enables users to easily order new AI tools while it also gives developers the opportunity to earn AGIX tokens.
The AGIX token’s utility has changed as the ecosystem has grown. The platform introduced the SingularityNET Enhancement Proposal (SNEP) function in October 2020, allowing AGIX holders to vote on adjustments to the network’s operations. However, a staking feature that allows users to stake their tokens was enabled in March 2020.
Tokenomics
The maximum AGIX crypto supply is 1,282,845,367.04 while the circulating supply is 1,215,068,775.26. According to CoinMarketCap data, the token is currently trading at $0.3033, up 8.42% in the last 24 hours.
On several well-known exchanges, including Binance, KuCoin, and HitBTC, the AGIX crypto can be traded. Additionally, Uniswap and Balancer, two of the most widely used DEXs, support it. The current trading pairs for AGIX at moment are AGIX/BTC, AGIX/ETH, and AGIX/WETH
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