Earn more while holding AGIX tokens by vesting them in staking sessions, which will also support the operations of our blockchain network. Bridge allows users to transfer their tokens across supported blockchains such as Ethereum and Cardano.
The Cardano community recently voted to set aside $500,000 USD worth of ADA tokens in funding for AI projects that deepen the partnership between SingularityNET and Cardano. This is an incredible opportunity to bring our communities together in service to our shared vision.
SingularityNET (AGIX) is building decentralized applications which will help with the eventual launch of an Artificial General Intelligence (AGI). Unlike most forms of AI that fall under the category of Artificial Narrow Intelligence (ANI), an AGI is an AI capable of tackling a diverse range of challenges. The AGIX token serves as fuel for the platform that enables solution providers and enterprises to buy and sell AI services from one another.
AI developers can utilize the SingularityNET platform to create, share and monetize their services through its AI marketplace, which allows users to browse, test and purchase those services using SingularityNET's native AGI token.
Three reasons for AGI's impressive rally over the past few months are the growth of its cross-chain collaboration with Cardano, its entrance into the decentralized finance arena and the release of SingularityNET Layer 2 (SL2), which enables the creation of tokens on top of the SingularityNET platform.
This DeFi-related activity along with offering the ability for AGI holders to participate in platform governance, network security and earn a yield through staking helped the token rally throughout January and February.
Developers at SingularityNET recently revealed plans to create a new AGI token on the Cardano platform, which informally has been called AGI-ADA. This will allow tokens to be swapped back and forth with their AGI ERC-20 counterpart while maintaining the same value.
To move ahead with the phase two expansion and collaboration with Cardano, a majority of AGI tokenholders needed to vote on and approve the expansion, which included a motion for the creation and release of 1 billion new AGI-ADA tokens in monthly increments over 91 years.
Staking is the process of holding AGI tokens for rewards to support the operations of AI marketplace.It is an elegant way of securing an additional pool of AGI tokens usable for mediating the exchanges of AGI tokens to fiat as needed.
Even with a full fiat-crypto gateway in place, all value exchanged between AI services and their users on SingularityNET will take place using AGI tokens on the back end. Designing the gateway in such a way allows the SingularityNET platform to provide the convenience of fiat currency to its users and additionally permits the gateway to co-exist with the unique economic logic of the AGI token, which is key to the philosophy and operation of the SingularityNET network
To make the fiat-crypto gateway work on the back end requires the operator of the gateway (i.e. SingularityNET Foundation or some entity it nominates) to engage in continual exchanges of fiat currency for AGI tokens. When a user pays for an AI service in fiat, this fiat then needs to be turned into AGI to pay the AI agent. Further, when a service provider requests payment in fiat for access to their AI agent, the AGI that these agents have received as payment need to be turned into fiat.
In exchange for providing their tokens to be used in this way, the AGI token holder who has staked their tokens is provided with a certain number of bonus AGI tokens, similarly to fiat depositors earning interest.
To submit a token information's update request, please confirm beforehand that you have:registered and logged in to your Etherscan accountverified the contract's source code using our tool herebeen successfully verified as the contract address owner
I am new to the crypto world entering it via joining the SingularityNET. I discovered Cordona from the news of SingulairityNET starting to move there from Etherium. Basically, I want to buy AGI tokens and if I can do this via Cordona instead of Etherium, directions in how to do this would be appreciated. Please respond as if I am the crypto dummie that I am at this point. I have a cold storage Ledger Nano X in the mail (no future Kucoin for me!) a government approved agent to make my Canadian dollars into Bitcoin and from there had thought needed to use Etherium to buy the AGI tokens Can I do this via Cordona instead of Etherium Is it possible to buy Ada directly instead of Bitcoin and use that to pay to buy the AGIs. If I sound confused, the truth has been revealed. A helping hand would be appreciated.
While a significant portion of the token sale (32 percent) will be used to fund business development (which includes 5 percent for benefit and social good projects), 26 percent will be used for network infrastructure, and the balance will support AI and IoT development.
The Artificial General Intelligence (AGI) tokens will power the SingularityNET framework that will allow companies, organizations, and developers to buy and sell AI, lowering costs and increasing output. According to their website:
AGI is used to tokenize transactions on the SingularityNET marketplace, paying for goods and services much like digital currency. Hodlers can vote on network decisions, making it a governance token. The Reward Pool is withheld by the network to incentivize participation on the network, although the exact methods of rewards are yet to be determined. The Reward Pool distribution is set over ten years, and once exhausted, the community votes on whether to create a new pool or adapt to new methods.
Staking AGI is necessary to become an AI Agent, which are the entities responsible for executing SingularityNET smart contracts. Tokens are used in place of those used by off-chain protocols to enable cross-chain compatibility without the need of other native tokens.
Agents rank trust with each other on a simple 1-0 scale, and the sum of these ratings is averaged in with AGI token staking and other factors to determine reliability on a large scale, even automating the process.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
The new tokens will be released in stages, with 15 Million tokens released in the first month of Phase Two, and then for each month after that a token release decreasing by 1.5% per month. The new ADA-based AGI tokens will be freely swappable with Ethereum-based AGI tokens, so the two flavors of AGI token will have equal exchange value.
SingularityNET also plans to launch a series of additional Cardano Native Asset tokens corresponding to spinoffs operating as Layer 2 networks on top of the core SingularityNET AI network, including the Rejuve token for incentivizing contribution of personal medical data to an AI Data Commons, and the NuNet token to reward contribution of processing power to decentralized AI networks.
The SingularityNET Phase Two token issuance is a first in the blockchain world, and represents a novel approach to ensuring ongoing growth and development in a cryptocurrency-based project. Equity-based technology startups typical pursue repeated funding rounds, but utility tokens like the AGI token are fundamentally different in nature, and the tradition in the blockchain space has been that projects stick with the tokenomics specified by their founders at project launch.
By approving the Phase Two proposal and by such a wide margin, the SingularityNET community has proved itself quite open-minded and visionary, and capable of understanding the flexibility of smart contracts and tokenomics to help decentralized networks achieve complex goals.
AGI (Artificial General Intelligence) tokens will act as fuel of SingularityNET ecosystem. AGI tokens will let anyone buy and sell AI/machine learning services from around the world viaSingularityNET marketplace. Whenever someone wants an agent to perform services, a smart contract will be signed for that specific job. Also AGI tokens will be used as one of the components in making decisions on how the network is governed in a decentralized way.
About a week ago, the token was released on a few small exchanges, including Kucoin for the highest volume and Tidex with the second highest. When first released, the token peaked ar around $2.30 and is now averaging around $.74.
The AGI token is a utility token that will make the marketplace seamless and organized. With so many different services on the market board, having the thousands of transactions go through one blockchain ledger will make all transactions transparent. Since there is no other use for the AGI token other than for the marketplace, all the transactions will be SingularityNET related.
The EWLogin function is used to create JSON Web Tokens (JWT). These are access tokens used to retrieve data with REST. With JWT, the user credentials are used only once, when the user requests the access token. After a token is generated, the same token is used to authenticate the session until the token expires or is closed out.
Tokens must be refreshed before they expire. The default expiration time for the tokens is 15 minutes, but this value can be changed by creating a Text or Long Integer global variable in your KB named token_expires_in.
To use the generated access token, add the Authorization header to your request by combining the authentication_scheme and access_token values on one line. These values come from the response received when generating the token. 59ce067264