Convert AGIX to NZD

SingularityNET is a decentralized AI marketplace and platform that allows anyone to create, share, and monetize AI services at scale.

Key takeaways:

• Decentralized AI Marketplace: SingularityNET operates as a blockchain-based platform where developers can publish, share, and sell their AI tools and services, while users can easily find and utilize them.
• AGIX Token Utility: The native AGIX token is the lifeblood of the ecosystem, used for paying for AI services, staking for network security, and participating in governance through the SingularityNET DAO.
• Focus on Beneficial AGI: The project's long-term vision is to foster the development of a decentralized, beneficial Artificial General Intelligence (AGI), moving away from centralized corporate control.
• Broad Ecosystem: The SingularityNET ecosystem has expanded to include several specialized projects like Rejuve.AI (longevity), Nunet (decentralized computing), and HyperCycle (scalable AI coordination).
• EVM-Compatible: Originally launched on Ethereum, AGIX is an ERC-20 token and also exists on the Cardano blockchain as a native token, benefiting from lower transaction fees and faster speeds.

What is SingularityNET? Key Specifications & Tokenomics

SingularityNET is a pioneering platform aiming to democratize access to artificial intelligence by creating a global, decentralized marketplace for AI algorithms and services.

Who created SingularityNET(AGIX)?

SingularityNET was founded by Dr. Ben Goertzel, a renowned figure in the AI and robotics space, and Dr. David Hanson, the founder of Hanson Robotics. The project was officially launched following a successful Initial Coin Offering (ICO) in December 2017. Dr. Goertzel, who serves as the CEO and Chief Scientist, is a leading researcher in Artificial General Intelligence (AGI). The team's vision was to create an open and decentralized alternative to the AI services offered by large tech corporations like Google, Amazon, and Microsoft. The development and governance of the platform are now largely managed by the SingularityNET DAO (Decentralized Autonomous Organization), where AGIX token holders can propose and vote on key decisions regarding the network's future.

How does SingularityNET(AGIX) work?

The SingularityNET platform functions as a two-sided marketplace powered by blockchain technology. On one side, AI developers and organizations can publish their AI services—such as image recognition, natural language processing, or data analysis tools—onto the marketplace. These services are hosted on the developers' own servers or decentralized infrastructure. On the other side, users and businesses can browse the marketplace, select the AI service they need, and pay for it using AGIX tokens. The platform's smart contracts handle the payment and execution, ensuring developers are compensated automatically and transparently. This eliminates intermediaries, reduces costs, and allows for the seamless integration of multiple AI services into more complex applications, a process often referred to as "AI composability."

What makes SingularityNET(AGIX) unique and valuable

SingularityNET's primary uniqueness lies in its mission to decentralize AI development and access. Unlike closed ecosystems run by big tech, it offers an open marketplace where any developer can contribute. This fosters innovation and collaboration. Its long-term focus on steering the path toward a beneficial and democratically governed Artificial General Intelligence (AGI) sets it apart from most AI projects focused on narrow applications. The AGIX token is deeply integrated, not just as a payment method but as a tool for staking (securing specific AI services or the broader network) and community governance. Furthermore, the expansion into a broader ecosystem (Rejuve, Nunet, HyperCycle) demonstrates a strategic approach to building a comprehensive decentralized AI and computing stack.

What is SingularityNET (AGIX) used for?

The AGIX token has several core utilities within the SingularityNET ecosystem:

• Payments: The primary use is to pay for AI services accessed on the SingularityNET marketplace.
• Staking: Users can stake AGIX tokens to help secure specific AI services or the network itself, earning rewards in return.
• Governance: AGIX holders can lock their tokens to participate in the SingularityNET DAO, voting on proposals that shape the platform's development, treasury management, and parameters.
• Ecosystem Fuel: AGIX is used across the broader SingularityNET family of projects, such as for transactions and incentives within the Rejuve.AI biotech network or the Nunet computing market.

How Is the SingularityNET (AGIX) ecosystem developing?

The SingularityNET ecosystem is rapidly evolving beyond its core marketplace. Key developments include:

• SingularityNET DAO: Transitioning control to a decentralized community governance model.

• Deep Funding: A grant program that uses community voting to fund promising AI projects built on or for the SingularityNET platform.

• Ecosystem Projects:

  • Rejuve.AI: A decentralized network for longevity research, where users can contribute health data and be rewarded.
  • Nunet: A marketplace for decentralized computing power, allowing users to rent out idle CPU/GPU resources.
  • HyperCycle: A sidechain solution designed for low-cost, high-speed microtransactions between AI services, solving scalability issues.

• Cardano Migration: A significant portion of the AGIX token supply and platform functionality has been moved to the Cardano blockchain to leverage its lower fees and proof-of-stake security.

How to mine SingularityNET(AGIX)?

AGIX is not a mineable cryptocurrency in the traditional Proof-of-Work sense. It is a utility token that was initially distributed via an ICO. The primary ways to acquire AGIX are through purchasing it on cryptocurrency exchanges or earning it by participating in the ecosystem. However, users can effectively "earn" AGIX rewards through staking. By staking AGIX tokens in approved pools or to specific AI publishers on the platform, participants contribute to network security and service reliability and receive AGIX tokens as staking rewards in return, similar to earning interest.

How to keep your AGIX Coin safe?

Securing your AGIX tokens is crucial. For long-term holdings, use a non-custodial hardware wallet like Ledger or Trezor. These devices store your private keys offline, providing the highest security against online hacks. You can manage AGIX (both ERC-20 and Cardano versions) through compatible wallet interfaces. For software wallets, reputable options like MetaMask (for Ethereum-based AGIX) or Yoroi/Eternl (for Cardano-based AGIX) are good choices. Never share your private keys or seed phrase with anyone. If you actively trade or use AGIX on the SingularityNET platform, only keep the necessary amount in a connected hot wallet and ensure you are interacting with the official website to avoid phishing scams.

How to buy AGIX Coin?

AGIX is a popular cryptocurrency listed on many exchanges. For a secure and smooth trading experience with high liquidity, we recommend using a major exchange like BTCC.

1. Register a BTCC Account: Sign up using your email or mobile number. Complete the KYC verification to unlock all platform features and benefits. (Beginner's Step-by-Step Guide)
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. (How to Buy USDT on BTCC)
3. Start Trading: Navigate to the trading section. Search for the AGIX spot trading pair (AGIX/USDT) or the AGIX perpetual futures contract (AGIXUSDT). (Trade AGIXUSDT)
4. Place an Order: Enter the amount of AGIX you wish to buy and submit your order. For futures trading, you can also open a short (sell) position and adjust leverage according to your strategy.
5. Confirm Your Purchase: For spot purchases, check your asset wallet to confirm the AGIX tokens have arrived. For futures, monitor your open positions on the trading interface.