Thu. Jun 20th, 2024

What is SingularityNET?

SingularityNET (AGIX) is a decentralized platform designed to make it easier to create, distribute, and profit from AI services. Its primary aim is to encourage collaboration among AI agents and users, enabling the delivery of advanced and comprehensive AI services.

SingularityNET provides developers with numerous tools and frameworks to build and deploy AI agents, which encompass support for a wide array of programming languages and AI algorithms. This enables developers to concentrate on developing cutting-edge AI applications without worrying about the infrastructure’s underlying details, streamlining the process.

SingularityNET provides an array of tools and frameworks to aid developers in creating and deploying AI agents, including support for various programming languages and AI algorithms. This allows developers to concentrate on developing sophisticated AI applications, without having to worry about the infrastructure’s nitty-gritty, thus making the process simpler.

What is AGIX Tokens?

SingularityNET’s platform has its own cryptocurrency, AGIX (Artificial General Intelligence Token), which is an ERC-20 token built on the Ethereum blockchain. AGIX can be safely stored in any Ethereum-compatible wallet.

The AGIX token plays a vital role in the SingularityNET ecosystem as a payment method for AI services available on the platform. Users employ AGIX tokens to obtain AI services from developers and service providers, which are then appropriately distributed among the concerned parties in line with the service agreement.

Apart from its payment role, AGIX tokens act as a motivation for developers and service providers to support the expansion of the SingularityNET platform. Developers who improve existing AI agents or create new ones can receive AGIX tokens as a form of appreciation for their contributions. Likewise, service providers who provide excellent AI services can draw in more customers and earn more AGIX tokens as a consequence.

The governance of the SingularityNET platform is significantly influenced by AGIX tokens. Holders of AGIX tokens can vote on proposals related to platform enhancements or changes, which ultimately shape the course of the platform’s growth.

AGIX Token Price

The current supply of AGIX coins in circulation stands at 1,204,106,540, with a maximum supply of 2,000,000,000. The highest recorded SingularityNET(AGIX) crypto price was $0.95023 on Jan 28, 2018. Presently, the AGIX token price is $0.4033 per coin, with a 24-hour trading volume of $64,133,377.

Where to Buy Singularitynet?

Both centralized and decentralized cryptocurrency exchanges facilitate AGIX token trading. MEXC Global is the most popular marketplace for buying and selling AGIX tokens.

How to Buy AGIX?

To view the trading pairs available for AGIX, you can utilize the search bar on MEXC Global and look up “AGIX”.

You can also locate a comprehensive guide on purchasing AGIX tokens.

What is SingularityNET(AGIX) Used For?

  • Creation of AI services: SingularityNET provides a platform that allows AI developers and researchers to produce and share AI services, promoting innovation and the creation of cutting-edge AI technologies with a variety of applications.
  • Access to AI services: SingularityNET enables users to access a wide range of AI services, including natural language processing, computer vision, and machine learning. This simplifies the process of integrating AI into the workflows and products of both individuals and businesses.
  • Monetization of AI services: With SingularityNET, developers can monetize their AI services by selling them on the marketplace. This not only provides businesses and individuals with access to exceptional AI services but also creates a new source of income for developers and researchers.
  • Governance of the platform: SingularityNET’s platform governance is decentralized and involves a community of stakeholders who use AGIX tokens to participate in the decision-making process. This strategy ensures transparency, security, and responsiveness to the users’ needs.
  • Interoperability of AI services: SingularityNET enables the smooth collaboration of different AI services, promoting their interoperability. This functionality streamlines the development of complex AI systems with the ability to perform a wide range of tasks.
  • Incentives for developers: SingularityNET provides incentives to developers to encourage their active participation in the platform, such as token rewards for creating new AI services or providing valuable feedback. This strategy aims to promote a vibrant community of developers and researchers while ensuring the platform’s continuous growth and improvement.

What are the features of SingularityNET (AGIX)?

  • Decentralized: SingularityNET is a decentralized and transparent platform that operates on blockchain technology. This ensures that transactions between buyers and sellers are secure and trustworthy while also preventing the platform from being controlled by a single entity.
  • Open: SingularityNET is an open platform, which means that anyone can contribute to its development or create new AI services. This fosters creativity and collaboration within the community, ensuring that the platform will evolve and improve over time.
  • Interoperable: SingularityNET is interoperable, meaning that the AI services available on the platform can work together and exchange data seamlessly. This feature facilitates the development of more advanced and powerful AI systems capable of performing a wide variety of tasks.
  • Accessible: SingularityNET is designed to offer convenient access to a wide range of users, which includes individuals, businesses, and developers. Its ease of use is supported by a user-friendly interface, standardized APIs, and seamless integration with other software systems.
  • Transparent: SingularityNET operates as a transparent platform, which implies that all its operations and transactions are registered on the blockchain. This feature simplifies auditing and accountability, creating a sense of trust between buyers and sellers.
  • Secure: SingularityNET ensures the security and transparency of all transactions by utilizing advanced encryption and smart contract technology. This state-of-the-art security measure protects against fraudulent activities and hacking, safeguarding all parties involved in a transaction.

SingularityNET functions as a decentralized marketplace for AI services, enabling developers and users to easily create, access, and monetize AI technologies in a secure and transparent way.

By admin

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