SingularityDAO – A Thriving Ecosystem Migrates to Binance Smart Chain

Source : cryptodaily.io

SingularityDAO will bring their De-Fi platform to BSC, which will include a full suite of DeFi capabilities as well as their future AI-Powered Portfolio Manager.

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Intro to SDAO

SingularityDAO is a true Decentralized Autonomous Organization created to facilitate access to the crypto economy. It is the DeFi arm of the SingularityNET AI Ecosystem. Sophisticated Decentralized Finance meets the world’s most powerful Decentralized Artificial Intelligence to develop a new sort of economy, which is known as AI-DeFi. DynaSets, dynamically adjusted baskets of tokens controlled by a team of traders aided by, and eventually handing over majority control to, highly advanced Artificial Intelligences, the likes of which are leveraged daily on Wall Street but are as yet unknown in the crypto space, are their main offering.

The first two of many planned bridges in SingularityDAO’s route to chain agnosticism will be launched. Binance Smart Chain (BSC) and Polygon (MATIC) are the first of them. Due to current GAS rates, they will be able to establish staking and farming pool projects on several chains, as well as experiment with new features that are not available on ETH. In the new year they will also be able to incorporate BSC and Matic projects in their DynaSet token baskets.

Connection to SingularityNET Ecosystem

SingularityNET is a marketplace where users may purchase and sell AI services, among other things. It serves as the foundation for a whole ecosystem of artificial intelligence-enhanced crypto initiatives. It’s a source of money for new initiatives that adhere to the ethical criteria of a better future for all of them. It houses a world-class team of blockchain, front end, back end, full-stack, and AI engineers. SingularityNET and the AGIX token give all of the resources needed to build a new, decentralized, and compassionate planet in the future.

SingularityNET has a huge and active community of over 15,000 users who are frequently requested to participate in voting events to help shape the platform’s future direction.

SingularityDAO connects directly to the SingularityNET ecosystem as a layer 2 noncustodial AI DeFi solution, allowing users to manage DynaSets, which makes holding collections of utility tokens more advantageous and less hazardous. The AI’s that will power SingularityDAO will be hosted on the SingularityNET AI Marketplace and be powered by the most recent project to launch from the SDAO launchpad, NuNet.

Project Roadmap

Q4 2021 

  • Launch of BSC and Polygon DeFi tools 
  • FIrst Token Bridges – BSC / MATIC
  • Roll-out of first DynaSets 
  • Deployment of new liquidity pools 
  • First Governance Event
  • Platform V2
  • Launch of Dashboard

Q1 2022 

  • Additional DynaSets
  • Cross Chain DynaSets
  • Additional AI Features
  • Updated Dashboard Features
  • Additional Bridges to other chains
  • More Governance Events
  • New Launchpad Mechanics
  • Ranking system
  • NFT Platform V1

Q2 2022 

  • Platform V3
  • Additional DynaSets
  • Addition AI Features
  • NFT Platform V2

Q4 2022

  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal. 
  • Further Upgrades

Q1 2023 

  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal. 
  • Further Upgrades

Q2 2023 

  • Anybody can create SingularityDAO Governance Proposals as long as the total of owned votes and votes delegated to you at least meet the minimum threshold. Increasing the threshold or decreasing it up to the minimum threshold defined can be voted on by the community if they create such proposals. 

Q3 2023 

  • Increasing the threshold or decreasing it up to the minimum threshold defined can be voted on by the community if they create such proposals. 

Q4 2023 

  • Increasing the threshold or decreasing it up to the minimum threshold defined can be voted on by the community if they create such proposals.

Q1 2024

  • Increasing the threshold or decreasing it up to the minimum threshold defined can be voted on by the community if they create such proposals. 

Q2 2024 

  • Start of Phase 4: the minimum threshold for creating proposals will be lowered again. 
  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal.

Q3 2024 

  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal. 

Q4 2024 

  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal.

Q1 2025 

  • 3 voting events on lowering, maintaining, or increasing the threshold for creating a proposal. 

Q2 2025 

  • Start of Phase 5 (final phase): the minimum threshold for creating proposals will be lowered.
  • Increasing the threshold or decreasing it up to the minimum threshold defined can be voted on by the community if they create such proposals. 
  • Veto Deactivation Voting Event is enabled. 
  • In the case that the Veto Deactivation Voting Event would pass, the Guardian of the Singularity Role will be a position up for election to the wider SDAO token holding communities (including the possibility to grant SingularityDAO this role again).

DynaSets Explanation

The Dynamic Asset Set is the most fundamental financial element maintained by SingularityDAO (DynaSet). These are utility token selections in a dynamically balanced and optimized ratio by AI. The user holds non-custodial shares in the DynaSet, while the Dynamic Asset Manager (DAM) is permitted to manage the DynaSet’s asset ratio using trustless smart contracts.

1inch will be integrated on the DynaSet backend through a series of Smart Contracts to create efficient routing and savings on GAS fees when employing DEX’s like Uniswap, the foremost non-custodial decentralized exchange, will be used by the DAM to perform transactions. The manager might be a person, a completely automated system, or a combination of the two, but given the project’s overall inclination toward AI, there will be a preference for AI-managed DynaSets with advanced predictive agents.

SingularityDAO will first provide a few topical DynaSets, with the community being able to participate in the process and submit their own suggestion in the future.

Tokenomics

Recent Launchpad Success

The first SingularityDAO Launchpad event ended just a few days ago. 2475 persons completed KYC and were qualified for whitelisting to participate in the NuNet Community Round (all at the same swap ratio as the private round for VCs and strategic investors). In under 90 seconds, they raised a total of $2,000,000 USD. The SingularityNET Ecosystem’s largest community sale to date, but they’re only getting started.

Learn More

Website: https://www.singularitydao.ai/ 

Telegram: https://t.me/SingularityDAO

Medium: https://medium.com/singularitydao

YouTube: https://www.youtube.com/channel/UCuMyFDPebbrVKdRD2Nddnzw

Twitter: https://twitter.com/SingularityDao

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