Convert AGIX to USD

SingularityNET (AGIX) is a leading decentralised AI marketplace and platform, aiming to democratise access to artificial intelligence by creating a global network where anyone can create, share, and monetise AI services.

Key takeaways

• SingularityNET is a decentralised platform and marketplace for AI services, built to foster a collaborative and open AI ecosystem.
• The AGIX token is the native utility token used for payments, staking, and governance within the SingularityNET ecosystem.
• The project is a founding member of the Artificial Superintelligence (ASI) alliance, alongside Fetch.ai and Ocean Protocol, aiming to merge into a single, powerful AI-focused crypto ecosystem.
• AGIX operates as a multi-chain token, primarily on Ethereum and Cardano, allowing users to choose the blockchain that best suits their needs.
• The platform enables developers to publish their AI tools as services, which can then be discovered and paid for by users using AGIX tokens.

What is SingularityNET? Key Specifications & Tokenomics

SingularityNET is a pioneering decentralised platform designed to be the backbone for a global, open market for artificial intelligence services. It allows AI developers to publish their models and tools as services on the network, where they can be discovered and utilised by other developers, businesses, or individuals. Transactions and payments for these services are facilitated using the platform's native token, AGIX. The project is a core part of the ambitious ASI alliance, which seeks to consolidate leading AI-focused crypto projects into a unified entity to accelerate the development of beneficial artificial general intelligence (AGI).

Who created SingularityNET (AGIX)?

SingularityNET was founded by Dr Ben Goertzel, a renowned figure in the AI research community, and Dr David Hanson, the creator of humanoid robots like Sophia. The project was launched in 2017 following a successful initial coin offering (ICO). Dr Goertzel, serving as the CEO and Chief Scientist, has been the driving intellectual force behind the platform's vision of decentralised AI. The development is spearheaded by the SingularityNET Foundation, a non-profit entity based in the Netherlands dedicated to stewarding the ecosystem's growth. The team comprises leading researchers, engineers, and blockchain experts focused on creating an open and accessible infrastructure for the future of AI.

How does SingularityNET (AGIX) work?

The platform operates as a peer-to-peer network where AI service providers and consumers interact directly. Developers can wrap their AI algorithms—such as image recognition, natural language processing, or data analysis tools—into accessible services (often via APIs) and list them on the SingularityNET marketplace. Users browse the marketplace, select the service they need, and pay for its execution using AGIX tokens. The platform handles the routing of requests, execution of services, and secure micropayments. A key component is its reputation system, which helps users identify high-quality and reliable AI services based on past performance and user feedback. The entire process is designed to be trustless and automated through smart contracts.

What makes SingularityNET (AGIX) unique and valuable?

SingularityNET's primary value proposition is its role as a foundational layer for a decentralised AI economy. Unlike closed, corporate AI silos, it promotes interoperability and collaboration among AI developers globally.

• Democratising AI Access: It lowers barriers to entry, allowing small developers and researchers to monetise their work and giving businesses of all sizes access to a vast library of AI tools.
• The ASI Alliance: Its position as a founding member of the ASI alliance with Fetch.ai and Ocean Protocol is a major differentiator. This merger aims to create the largest open-sourced, decentralised AI network, combining strengths in agent-based AI, data exchange, and AI services.
• Multi-Chain Flexibility: By operating natively on both Ethereum and Cardano, AGIX offers users flexibility in terms of transaction costs, speed, and philosophical alignment with different blockchain ecosystems.

What is SingularityNET (AGIX) used for?

The AGIX token is the lifeblood of the SingularityNET ecosystem, with several core utilities:

• Payments: It is the mandatory currency for purchasing AI services on the marketplace.
• Staking: Users can stake AGIX tokens to help secure the network's off-chain components, such as the AI service publishing and discovery layers, and earn rewards for their contribution.
• Governance: AGIX holders can participate in the decentralised autonomous organisation (DAO) to vote on crucial proposals regarding platform upgrades, treasury management, and the future direction of the ecosystem.
• Network Fees: AGIX is used to pay for various network operations, including listing AI services and executing complex, multi-service AI workflows.

How Is the SingularityNET (AGIX) Ecosystem Developing?

The ecosystem is rapidly evolving, heavily focused on integration and expansion through the ASI alliance. The planned technical merger of AGIX, FET, and OCEAN tokens into a single ASI token is a landmark development aimed at unifying liquidity and governance. Beyond the marketplace, the foundation is actively funding and developing specialised AI projects like SophiaDAO (focused on humanoid robot AI) and Rejuve.AI (a longevity-focused biotech network). The team is also continuously working on improving the platform's developer tools, onboarding more AI services, and forming strategic partnerships to bridge the gap between blockchain and traditional AI research communities.

How to mine SingularityNET (AGIX)?

AGIX is not a mineable cryptocurrency. It is a utility token that was initially distributed via an ICO and is now earned through ecosystem participation. The primary ways to acquire AGIX are:

• Purchasing it on supported cryptocurrency exchanges like BTCC.
• Earning it as rewards for staking AGIX tokens within the SingularityNET ecosystem.
• Providing AI services on the marketplace and receiving payment in AGIX.

How to keep your AGIX Coin safe?

Securing your AGIX tokens is paramount, given their value and utility.

• Hardware Wallets: For long-term storage of significant amounts, use a reputable hardware wallet like Ledger or Trezor. These devices store your private keys offline, providing the highest security against online threats.
• Software Wallets: For more active use, such as staking or interacting with the SingularityNET platform, consider a secure, non-custodial software wallet that supports the Ethereum or Cardano blockchains (like MetaMask for Ethereum or Yoroi for Cardano). Always ensure you are downloading the official wallet application.
• Exchange Custody: While convenient for trading, leaving large amounts of AGIX on an exchange is riskier. Use the secure wallet services of trusted platforms like BTCC for active trading, but transfer funds to your private wallet for safekeeping.

How to buy AGIX Coin?

AGIX is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair AGIX/USDT or the perpetual contract AGIXUSDT.
4. Place an Order: Enter the amount of AGIX you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.