What is SingularityNET (AGIX)? Where to buy and sell AGIX coin?

The emergence of SingularityNET as a new wave in the field of AI technology. Here, users and companies around the globe can exchange, buy and sell products and services created from their AI. SingularityNET aims to break the current hold of AI technology, empowering users to govern. So what is SingularityNET (AGIX)? Let’s learn more about SingularityNET with CryptoChill below!

Introduction to SingularityNET (AGIX)

What is SingularityNET (AGIX)?

SingularityNET (AGIX) is known as a project for AI-related services. In it, SingularityNET is a combination of  Blockchain  and AI technology to create a decentralized network. Combining two leading modern technology platforms has made AI a global community, allowing people to create, share and monetize AI services in the most efficient way.

Through the SingularityNET marketplace, users can fully browse, test and purchase a wide variety of AI services using AGIX utility tokens. In addition, project represents a one-stop shop that AI developers can use to publish and sell their AI tools. At the same time, they can also track performance easily.

Features of SingularityNET

Behind the success of SingularityNET is the contribution of an experienced research team. Although there have been many AI developers, the SingularityNET development team pioneered the integration of AI with Blockchain technology, typically Sophia – the world’s most expressive robot. SingularityNET’s goal is to improve, help Sophia fully understand human language and continue to develop ”OpenCog”. This is an AI framework developed to achieve a state called ‘‘advanced intelligence’’, meaning human-level (or beyond) artificial intelligence.

In fact, modern AI developments seem to exist only on  Github. They are stored as code, so accessing these developments is difficult, requiring specialized knowledge by the user. In turn, most AI developers are scientists, they don’t own a potential market for money from the smart AI code they create.

Therefore, SingularityNET is built to standardize the AI market, making it easier for users and developers to access data. At the same time, SingularityNET empowers developers to monetize their creations. With such orientation, project will quickly become a decentralized AI information exchange market, promoting cooperation between users and developers.

How SingularityNET works

SingularityNET is a complex project when combining Blockchain technology and AI. Initially, SingularityNET was oriented to be an AI marketplace for applications and services, but the long-term goal is to create a self-governing AI network.

The SingularityNET development team focused their efforts on creating a marketplace for AI services and applications. In the early years of development, the project focused on 3 areas as follows:

• Cloud Robots – Cloud Robotics.
• Biomedical Research – Biomedical Research.
• Cybersecurity – Cybersecurity.

SingularityNET creates the marketplace, giving AI developers easy access to their platform to make money. Through services and tools added to the market, users can accumulate AGIX tokens. At the same time, they can be exchanged for other tools and services if the developer wants to go that route.

It can be said that, the  API  used to process transactions allows the conversion of standard AI services into  Smart Contracts  based on  Blockchain. At the same time, SingularityNET also uses  Smart Contracts  for other services, such as powering the voting system, which are used to identify governance issues in the network. The governance model proposed by the SingularityNET team is known as a similar model DAO, called DSOC (Decentralized Self-Organizing Cooperative).

Outstanding Features of SingularityNET

Decentralized economy

SingularityNET creates a simple protocol that makes it easy for users to exchange data and coordinate operations between AIs and solve communication problems.

SingularityNET creates a global AI economy for everyone. Here, any AI service can be discovered and acquired. At the same time, users also earn extra income from their AI creations.

Users or small companies can deploy and create products from AI easily. Then they can sell to others to earn extra income.

Network of self-governing AIs

SingularityNET facilitates the communication of AI services. As a result, users can automate AI links with low fees and efficiency through the SingularityNET marketplace.

SingularityNET aims to build a perfect network that can perform complex AI Agent interactions using resources from the OpenCog Foundation.

What is AGIX coin ?

AGIX coin is a utility token in the SingularityNET decentralized storage ecosystem. The coin was issued by SingularityNET Foundation through the form of fundraising ICO in 2017. Currently, AGIX is running on the Ethereum platform according to the ERC20 standard. AGIX coin is used in a number of cases as follows:

• Payment:  AGIX is used to pay fees for trading activities or services in the platform such as transaction fees, withdrawal fees.
• Reward:  AGIX is used to reward contributors to the SingularityNET ecosystem.

Detailed information about AGIX coin

• Token Name: Chainlink.
• Ticker: AGIX.
• Blockchain: Ethereum.
• Token Type: Utility Token.
• Token Standard: ERC20.
• Circulating Supply: 867,087,865.
• Total Supply: 1,000,000,000.
• Max Supply: 1,000,000,000
• 24 hour Trading Vol (22/02/2022): $996,941.
• Market Cap: $89,704,633
• Contract: 0x5b7533812759b45c2b44c19e320ba2cd2681b542

Where can AGIX coins be bought, sold and stored?

Currently, AGIX coin is listed and supported for trading on a number of exchanges such as:  Uniswap,  KuCoin, Nominex, HitBTC,  Binance, Dove Wallet. In which, AGIX coin is the most traded on Binance, accounting for 65.04% of the total trading volume. You can refer to and choose one of the above exchanges to buy and sell AGIX coins.

AGIX is an ERC20 token. Therefore, you can safely store it on supported e-wallets such as:  Metamask, MyEtherWallet, Trezor,  Ledger, ImToken,  Trust Wallet,  Coin98 Wallet, etc. Besides, you can store coins on your wallet. AGIX coin listing exchange.

SingularityNET development team

SingularityNET was conceived and developed by a team with extensive experience in AI and Blockchain. The team intends to build a non-revenue SingularityNET Real Estate fund to have governance obligations and responsibilities over the growth of the SingularityNET real estate project. The project not only governs the Blockchain but also reaches out to AI developers and other stakeholders.

The SingularityNET development team has more than 50 members, in which, Ben Goertzel and David Hanson are two prominent names that make the project successful.

Ben Goertzel

Dr. Ben leads the SingularityNET development team and serves as chief executive officer and chief scientist. In addition, he is the head of the OpenCog foundation and the artificial intelligence association. Before joining SingularityNET, Ben Goertzel was a principal scientist at Hanson Robotics – the partner company that helped the SingularityNET project become popular in the market.

David Hanson

Dr. David Hanson is the founder of Hanson Robotics, leading the Robotics division. At the same time, David is the person who directly created Sophia, bringing the most impressive humanoid robot technology product in the world. Sophia is also considered a member of the SingularityNET team.

It can be said that SingularityNET is a modern and exclusive creation when attached to the AI space. In the future, when Blockchain technology and AI bring great changes to industry and life, people will realize the great potential of SingularityNET. At that time, the demand for owning AGIX coin also increased rapidly.

Hopefully the sharing in the article has partly helped you have an overview of the  project. Do not forget to follow CryptoX100.com to not miss useful information about crypto!