What is SingularityDAO (SDAO)?
SingularityDAO is a blockchain-based and decentralized firm with the underlying aim of governing DynaSets, diversifying baskets of token assets managed dynamically by AI.
In SingularityDAO, the SDAO token is responsible for granting voting power.
The Team Behind SingularityDAO
The research team behind SingularityDAO is composed of various AI scientists, quant strategists, and data engineers. This team composition can also be attributed to its use of neural networks and machine learning for signals, automated trading algorithms, and signals, which necessitates competence and technical experience.
The Vision and Mission of SingularityDAO
SingularityDAO seeks to reduce a lot of the hurdles pertaining to investing in DeFi and cryptocurrency. Such hurdles can include the stress of deciding what investments to make and the rampant emotions accompanying market cycles, especially with regard to the higher volatility and having to manage and rebalance your portfolio constantly. These are all things that the SingularityDAO wants to address through its sophisticated AI algorithms.
Since 2021, Coin-Labs.com has partnered with Bybit and is few of the highest-ranking of affiliate program contracts.
Therefore, if you sign up for Bybit through the button above, you will get the most discounted fee benefit and participation in a bonus event offering up to $500.
Core Components of SingularityDAO
What are some of the core components underlying SingularityDAO’s functionality? Let’s look at that briefly below.
DynaSets: The Heart of SingularityDAO
DynaSets are diverse portfolios of tokens that are constantly curated, reweighted, and rebalanced by the protocol through the utilization of cutting-edge artificial intelligence (AI).
It is quite akin to something like the hedge funds found within conventional finance. Imagine it being like this basket filled with tokens, automatically rebalanced by both individuals and via trustless smart contracts.
The AI DeFi Mechanisms
Again, bringing to light its novel AI-DeFi mechanisms, it allows holding portfolios of cryptocurrencies that would otherwise have only a modest amount of liquidity individually, thus making it more beneficial and less risky.
The Technological Infrastructure
Let’s now delve a bit into the technology at play here, namely blockchain, and some of the security measures it has undertaken.
Blockchain Technology Behind SDAO
The blockchain underlying the protocol’s native token happens to be Ethereum itself, at least according to Coinbase, which makes SDAO an ERC-20 token. Ethereum is the world’s second-largest blockchain network, containing all manner of protocols and unique projects and applications.
Security Protocols and Measures
As for the security measures it employs, its smart contracts have all been properly audited by the Hacken Foundation, which has been providing it with Web3 cybersecurity services for more than two years.
Among the other security measures it has taken is its recent utilization of ZKML (zero-knowledge machine learning), which happens to be a cryptographic method enabling ML (machine learning) models to be trained without having to reveal the data underlying them.
Through it, SingularityDAO can allow for enhanced privacy protection, robust model training, regulatory compliance, and building more transparency and trust.
Investment Strategies and DynaSets
Within this section, we will look more at the investment side of things, namely DynaSet investment optimization and providing liquidity.
How DynaSets Optimize Investment
As we mentioned earlier, DynaSets are sets of cryptocurrency assets that are managed dynamically using AI-based tools and also a trading team that can monitor market sentiments and execute technical analyses, all while watching global politics, economic events, and various other factors.
This implies that the optimal moments to perform trades can be discerned, generating some decent returns in the process while introducing a bit of automation.
The Role of Liquidity Providers
Liquidity providers are users who fund various liquidity pools with the cryptocurrencies they own to support trading on platforms while earning some passive income for their deposits. Consequently, for DynaSets to properly function, active liquidity pools are necessary, necessitating the involvement of liquidity providers and compensation schemes for them.
SingularityDAO’s Governance Model
Here, we will be focusing a bit on the governance model that SingularityDAO has adopted.
Decentralized Decision Making
The DAO stands for decentralized autonomous organization; hence, decentralized decision-making is one of the key aspects of any DAO. Governance is therefore not centralized, and anyone can vote on proposals, and the same is true here as well for SingularityDAO, voting on which will require staking its native token.
The Importance of Community in SDAO’s Governance
SingularityDAO is a community-centric project, promoting transparency and open dialogue.
Its community is therefore given a voice and an opportunity to impact the project’s development, i.e., getting to vote on major decisions and effectively guiding its evolution.
The SDAO Token: Utility and Economics
We will now direct our attention towards its native token, examining some of the roles it plays and some worthwhile stats.
The Role of SDAO in Governance
One of its more apparent roles is that within governance, as we discussed earlier. By staking the token, you are essentially giving yourself a voice in its development by voting on decisions that have lasting impacts within its ecosystem.
Token Distribution and Allocation
On the topic of token allocation, 35% have been allocated to farming, 15.05% to team and advisors, 14.70% to ecosystem fund, 11.28% to private round, 8.06% to community sale, 5% to agi holders airdrop, 5% to SingularityNET Foundation, 3.33% to seed round, 2.33% to public sale, and 0.25% to community volunteers.
Market Analysis and Competitor Comparison
In terms of how the token has been performing lately, it, like the rest of the cryptocurrency sector, has been largely affected due to the bear market, and while the token has appeared to recover, determining whether or not it is bound for a substantial spike in value is rather difficult and a highly speculative endeavor.
As for how it compares to other tokens, according to CoinGecko, its market capitalization rank is 496, meaning that in terms of sheer market dominance, it has a ways to go if it is to become one of the leading investments in the landscape.
How to Acquire SDAO Tokens on Gate.io
If you’re interested in this project and want to engage with it, then buying its native token is the first step, and we will show how that may be done on Gate.io.
Creating an Account on Gate.io
To buy on this exchange, you will need to create an account on it first, which can be done either through its mobile application or through its website. Click on the link below to go to Gate.io’s registration page using a special Coin-Labs referral code.
Required Information
Whether you’re registering through its mobile application or its website, the information will be the same, in that you will need to add your email address, set up a password, and go through the standard email verification procedure. After that, you’re done.
Understanding KYC (Know Your Customer) Compliance
Once you’re done with registration, you will need to get your account properly verified. In other words, you will need to complete its KYC process if you are to experience what the exchange offers in its entirety. To do that, head over to its verification page and add some details regarding your identity. After that, you will have to provide some evidence for what you’ve entered by sharing some documentation proof.
Security Measures: Two-Factor Authentication (2FA)
Although this step may be optional, amplifying your account’s security is always recommended, and on Gate.io, one of the ways you can do that is by setting up 2FA. To do that, go to the exchange’s security page, click on the 2FA option, and follow the instructions outlined to complete the setup.
Depositing Funds Into Your Gate.io Account
Once you’ve gotten your account properly secured, funding should come next, which can be done on the deposit page. On Gate.io’s deposit page, select a token you wish to deposit and a network that supports it. After that, you should see a deposit address pop up. Paste that address into the withdrawal field of an external platform, like an exchange or a wallet, to initiate the transfer from there.
Placing Orders to Buy SDAO Tokens
Once your account has been funded, you can finally move on to buying some SDAO tokens on Gate.io, where there will be a couple of options for doing so. However, note that buying this particular token may not be supported by all of those options, so after finding the ones that do, like spot trading, for instance, select one and place your order. Depending on what you’ve selected, your order may take some time to fill.
Transferring SDAO Tokens to a Secure Wallet
Once you have acquired what you want, you can now withdraw those tokens from this exchange. So, head over to its withdrawal page, specify the amount, choose the token and the network supporting it, and paste your wallet’s address within the withdrawal field. Confirm your transaction, and then await its completion.
Future Roadmap and Potential
What does the future look like for SingularityDAO as a whole? Outlined below is but a brief glimpse into its future.
Upcoming Features and Roadmap Milestones
While SingularityDAO doesn’t seem to have released a proper or thorough roadmap for this year, excluding some minor governance changes, at least from what we have gathered, it has nonetheless released some significant features lately, namely ZKML, which we discussed earlier, among various others.
As for what’s to come, as of this writing, it has yet to release an update that allows for cross-chain bridging, and then there is what it refers to as DynaVaults, which marks a substantial upgrade for the protocol in general, something that it has yet to launch entirely.
The Future Prospects of SingularityDAO
As far as future prospects are concerned, discerning whether or not it will achieve significant adoption is fairly speculative. However, launching new features and raising functionality and utility is an important step that the platform appears to be taking, which may increase adoption rates.
As for its native token value, while it may likely see a rise later on, the exact extent to which that will be is always unclear, so conduct your analysis or research properly before deeming your engagement with it worthwhile.
Conclusion
The SingularityDAO is a protocol or network of various AI agents and smart contracts, ultimately working towards the improvement of professional trading and seeking to outperform any possible input made solely by human traders.
We Coin-Labs.com provides only objective information about SingularityDAO.
Therefore, we are not responsible for the investment decision in SingularityDAO and the resulting loss.
SingularityDAO Basics
Here are some factors that investors should consider before investing in SingularityDAO.
| Cryptocurrency Features | SingularityDAO (SDAO) |
|---|---|
| Publisher or Developers | Marcello Mari, Mario Casiraghi |
| Headquarters (Registration Number) | Dubai, United Arab Emirates |
| Symbol | SDAO |
| Platform | Ethereum |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | 100,000,000 SDAO |
Reliability Score of SingularityDAO in 2024
These are indexes mesuring the investment reliability of SingularityDAO conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 3 Exchanges |
| Number of Available Pairs Worldwide | 75 Pairs |
| Market Cap of the Cryptocurrency | 30,235,380 USD (Rank #637) |
The table above shows the result of investment suitability evaluation for SingularityDAO.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
SingularityDAO Price
Here are the price and recent trading volume of SingularityDAO. (Data of 2024-11-02 00:35:00)
| Price Items | Price and Trading Volume of SingularityDAO |
|---|---|
| SingularityDAO Price | 0.233 USD |
| Price Change 24h | 3.89% |
| Price Change 7d | -9.23% |
| Trading Volume 24h | 234,491 USD |
| Trading Volume Change 24h | -25.18% |
Cryptocurrency Metadata
You can check the development status and social media information of SingularityDAO through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| 🎺 Message Board |
Where to Buy SingularityDAO
Here are the top ten world crypto exchanges where traders can buy SingularityDAO in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Not listed | |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Listed | https://www.kucoin.com/trade/SDAO-USDT |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Listed | https://www.htx.com/en-us/trade/sdao_usdt?type=spot |
| Bitstamp | Not listed | |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/trade/SDAO_BTC |
Frequently Asked Questions
What is the current price of SingularityDAO?
SingularityDAO price today is 0.233 USD. Furthermore, the price of SingularityDAO has fluctuated by 3.89% from 24 hours ago, and by -9.23% from a week ago.
Where is SingularityDAO listed?
Currently, it is listed on a total of 3 among the world top 10 exchanges.
What is the market cap of SingularityDAO now?
Currently, SingularityDAO has a market cap of 30,235,380 USD, which is ranking 637 among cryptocurrencies worldwide.
How much is the trade volume of SingularityDAO?
Currently, 82,733,204 SDAO coins are circulating through 75 market pairs. As a result, in the last 24 hours, 234,491 USD of SDAO coins were traded in the market.
