Introduction

The intersection between Artificial intelligence and decentralized finance (DeFi) continues to grow as developers use AI to improve existing DeFi products or even develop new use cases. Decentralized asset management, a subset of DeFi, focuses on managing user funds while ensuring users retain custody of their assets. SingularityDAO is using AI to automate asset management and maximize profits for its community.

This article explores SingularityDAO, its features, launchpad projects, and the utility of its native token.

What is SingularityDAO?

SingularityDAO is a decentralized finance platform that uses artificial intelligence to optimize the management of crypto assets. The platform allows individuals to securely invest their crypto assets, reduce losses through advanced risk management, and maximize profits.

SingularityDAO is backed by prominent investors, including LDA Capital, GBV Capital, Alphabit Capital, and Moonwhale Ventures.

Brief History of SingularityDAO

Singularity was founded in 2020, by Marcello Mari, Mario Casiraghi, and Ben Goertzel as a separate entity within the SingularityNET ecosystem, a decentralized marketplace for artificial intelligence services, aiming to democratize AI and facilitate collaboration among developers.

Team

Marcello Mari

Marcello Mari is the CEO and founder of SingularityDAO, an entrepreneur with a strong passion for AI and Web3 technologies. He has an impressive background as a strategic advisor and lead PR director for various projects, including the SingularityNET ecosystem. One of his notable achievements is coordinating the groundbreaking NFT artwork collaboration between Andrea Bonaceto and Sophia the Robot, marking the first such collaboration between a human and an AI.

Mario Casiraghi

Mario Casiraghi co-founded SingularityDAO and also serves as the Chief Financial Officer for SingularityNET. Mario holds a master’s degree in Management from ESCP Business School and a bachelor’s degree in Economics and Finance from Università Bocconi in Italy.

Amaury Dalleur

Amaury is the Marketing Manager and Head of Partnerships for SingularityDAO. His previous experience includes roles as a business developer and digital strategist for startups. Amaury has a master’s degree in Business Engineering from the Louvain School of Management in Belgium.

Ben Goertzel

Ben Goertzel is the co-founder and CEO of SingularityNET, the parent ecosystem for SingularityDAO. Ben has a Ph.D. in Mathematics and has authored 20 scientific books and over 140 research papers, covering topics from Artificial General Intelligence (AGI) to virtual worlds.

The Main Features of SingularityDAO

Artificial Intelligence

SingularityDAO leverages AI to enhance data analysis for improved price prediction and automated portfolio management, aiming to maintain target profits. According to its research papers, it is developing Artificial General intelligence capable of the following;

• Algorithmic trading agents for liquidity provisions on centralized exchanges
• Agents equipped with the capacity to predict price movements based on social media data,
• Agent for active portfolio management in decentralized finance, including portfolio planning and balancing, liquidity provision, and trading.

Dynasets

The Dynaset is the core feature of SingularityDAO, It is a secured, non-custodial asset pool managed by a team of experienced quantitative analysts and advanced AI algorithms.

Dynasets are automatically rebalanced to suit market conditions. Rebalancing is a tool used in trading to maintain target asset allocation by selling some assets in a portfolio and buying others.

The DynaLabs is the beta version of Dynasets, where new asset management features are tested. Users are advised to understand the requirements of a DynaLab before depositing their assets. As of the time of writing: The SingularityDAO protocol has 3 DynaSets.

dynBTC

An asset pool that exposes users to the price action of Bitcoin using buy-only strategies managed by the Dynamic Asset Manager with fewer fees & expenses.

dynETH

An asset pool that exposes users to the price of Ethereum using long-only strategies managed by the Dynamic Asset Manager with fewer fees & expenses.

dynDYDX

An asset pool where the DAM can use dYdX derivative solutions to hedge, short, and apply leverage to the market. This Dynaset is still in the Beta phase.

Vault

Vaults are staking pools where users can earn rewards for locking their tokens, these rewards are fixed per pool. SingularityDAO offers two forms of staking; Epoch and Unbonded.

Epoch vaults are staking pools that last for a fixed duration, with intervals for redeeming tokens. Each epoch vault has a maximum capacity for the number of tokens that can be staked.

Unbonded vaults are open-ended and flexible, users can add and remove their stake and rewards at any time. There are no restrictions on the number of participants or the amount of tokens an individual can contribute.

Yield Vaults

Source: SingularityDAO

Yield vaults are pools where users can engage in yield farming by providing liquidity to the available liquidity pairs to earn SDAO tokens and other potential incentives.

SingularityDAO Reputation Points (SREP)

The SREP is a dynamic system for evaluating and rewarding membership. Members earn SREP by staking their SDAO tokens, with rewards increasing based on the duration and amount of tokens locked. The SREP score determines tier-level privileges for participation in launchpad events and other platform benefits. Higher SREP scores unlock greater rewards and exclusive opportunities.

The SREP is calculated using the formula: SREP = SDAO Staked × Days Locked.

DEX

The SingularityDAO DEX allows all ecosystem token interactions within a single dApp. Users can exchange their tokens, provide liquidity to available pairs, and bridge their SDAO tokens between Ethereum and BNB Chain.

SingularityDAO also has exciting features in development. Soon, users will be able to convert fiat into tokens and vice versa directly from the dApp using their credit or debit cards. Also, a new Telegram bot is in the works. This bot will allow users to directly access SingularityDAO assets and participate in Launchpad events from within the Telegram app.

Launchpad

The SingularityDAO launchpad assists projects in their early stages of development, providing support services including finance, legal, HR, and marketing. SingularityDAO members get to buy early into these projects at discounted prices.

How Does SingularityDAO Work?

SingularityDAO operates on the Ethereum Chain and its smart contracts have been audited by Hacken and Certik. This section highlights how to use the Launchpad and Dynaset on the SingularityDAO platform.

Users join the DAO by completing KYC and staking some of their SDAO tokens

(Source: SingularityDAO)

How To Use The Launchpad

Step 1: Connect Your Wallet. The Launchpad (launchpad.singularitydao.ai) is compatible with wallets supporting MetaMask or WalletConnect. Connect the wallet address you used for KYC, as this is the whitelisted address.

Step 2: View the Whitelisted Pool. You’ll find the pool you’re whitelisted for under ‘Active pools’ marked with a green ‘active’ label. Pools that are live but inaccessible to you are listed under ‘live pools.’

Step 3: Approve the Launchpad’s smart contract to interact with your wallet. Sign the transaction in your wallet.

Step 4: Swap your Tokens. Before swapping, Check the pool duration, swap progress, and your contribution limits.

Enter the amount of WETH or USDT you wish to swap, then click ‘Swap’ and sign the transaction. This transaction will also cost you some gas fees. If the pool is filled before completing your transaction, your tokens will be returned minus the gas fee.

Step 5: Claim Your Tokens. The tokens will be available according to the specific launch schedule. To claim, navigate to the ‘Allocations’ page via the link at the top right of the launchpad. Press ‘Claim’ and sign the transaction. You can claim monthly or accumulate tokens in one go, saving on gas fees.

Interacting with Dynasets

Source: SingularityDAO

Step 1: From the Homepage, click on the DynaSet or DynaLab (beta) tab.

Step 2: Select the DynaSet of your choice.

Source: SingularityDAO

Step 3: Click ‘Connect wallet’ in the top right corner of the portal if you have not already done so. You will then be prompted to unlock your wallet.

Source: SingularityDAO

From here users can ‘Deposit’ (contribute tokens to the DynaSet), ‘Redeem’ (Exit the DynaSet), and ‘Withdraw LP’ (Claim DynaSet LP tokens to the user wallet for self-custody).

The SingularityDAO Ecosystem

The SingularityDAO ecosystem encompasses a range of launchpad projects merging AI with Web3.

Rejuve.AI

Source: Rejuve.ai

Rejuve.ai is a platform that combines artificial intelligence (AI) with blockchain technology to focus on extending healthy human lifespans. It allows members to contribute to longevity research, earn valuable rewards, and gain affordable access to the latest therapies.

HyperCircle

Source: SingularityNET

HyperCycle is a Layer 0+ Blockchain network with sidechain and modular smart contract capabilities. It focuses on enabling high-speed and low-cost execution of microservices directly on the blockchain, specifically those related to Artificial Intelligence (AI).

SophiaVerse

Source: SingularityNET

SophiaVerse combines gaming, blockchain technology, and artificial intelligence (AI) into a single ecosystem. The goal of SophiaVerse is to create a decentralized AI ecosystem where humans and AI can work together to build superintelligent AI.

What is SDAO Token?

The SDAO token is the native token for the SingularityDAO ecosystem, available on Ethereum and BNB smart chain.

Project Tokenomics

The SDAO token has a total supply of 100,000,000 tokens with a circulating supply of 82,733,204 SDAO, as of the time of writing.

Token Utility

Here are some notable use cases of SDAO token:

Governance

SingularityDAO (SDAO) is the governance token for the SingularityDAO platform. Token holders get to participate in the governance of the platform by voting on decisions that shape its future.

Staking

SDAO tokens are used for staking, which allows users to earn more SDAO tokens and participate in the platform’s various features, such as the launchpad, where users can access new blockchain projects.

Governance on SingularityDAO

As a decentralized autonomous organization (DAO), SingularityDAO operates an open governance system. Anyone interested can offer suggestions and submit proposals to the community, which are openly discussed via Discord. The proposals are then voted on using the off-chain voting platform, Snapshot. Voting power for the Protocol is derived from the SingularityDAO Governance Token (SDAO); all token holders have the right to vote.

The protocol also works towards total decentralization where external developers can create upgrade proposals.

Is SingularityDAO (SDAO) a Good Investment?

As of the time of writing, SingularityDAO is worth about $36,775,616 in total value locked, and is leveraging its established ecosystem to incubate new projects via its launchpad. It also has an active social media presence, keeping in touch with the community on its latest developments.

Investors are encouraged to research and evaluate their risk tolerance before investing in any cryptocurrency. Like any investment, investing in SingularityDAO (SDAO) carries certain risks. Investors should consider the cryptocurrency market’s volatility and potential regulatory changes.

Note: Investing in SingularityDAO or any other crypto project does not guarantee profit and could result in capital loss.

How to Own SDAO?

To own SDAO, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy SDAO.

News on SDAO

Partnership with Better Fan

Singularity DAO announced a groundbreaking partnership with Better Fan, a social sports prediction game for both traditional and e-sports, designed to offer a risk-free alternative to conventional gambling.

Partnership With AImagine

Singularity DAO announced a groundbreaking partnership with AImagine, a no-code NFT launchpad and marketplace for AI-generated art. AImagine will benefit from SingularityDAO’s experience in incubating Web3 projects, getting top-tier support and exposure.

Take Action on SDAO

Check out SDAO price today and start trading your favorite currency pairs:

• SDAO/USDT