SingularityNET (AGIX) is a decentralized platform that combines artificial intelligence (AI) and blockchain technology to create a global marketplace for AI services. It allows users to generate, deploy, and engage in transactions with AI agents, utilizing smart contracts and the AGIX token for value exchange and governance. The platform aims to accelerate the development of artificial general intelligence (AGI) and foster a democratic, inclusive environment for AI innovation.
SingularityNET (AGIX) is a decentralized AI marketplace that utilizes blockchain technology to facilitate the development and deployment of AI services. The AGIX token is the native utility token of the platform and serves several purposes:
Payment for AI Services: AGIX is used to pay for marketplace-based transactions, enabling global access to AI services and future autonomous AI interactions.
Governance: AGIX holders participate in governance decision-making within the SingularityNET organization, ensuring community involvement in the platform's development.
Staking and Liquidity: Users can stake AGIX tokens to provide liquidity to the platform and earn rewards, contributing to the network's stability and security.
Token Bridge: AGIX tokens can be transferred across supported blockchains, such as Ethereum and Cardano, through the SingularityNET Bridge, enhancing the token's flexibility and usability.
AI Publisher: The AI Publisher allows developers to share and monetize their AI models, creating a library of AI algorithms accessible to the community.
Decentralized AI Marketplace: SingularityNET provides a platform for developers to create, publish, and manage AI services, which can be integrated into various applications.
Overall, AGIX is the key component that facilitates transactions, governance, and liquidity within the SingularityNET ecosystem, enabling the development and deployment of decentralized AI services.
To store SingularityNET (AGIX) tokens, you can use various methods:
MetaMask:
- Install MetaMask as a browser extension.
- Create an identity, which will be used for blockchain transactions and storing tokens.
- Ensure you save the seed phrase securely, as it helps recover your account in case of loss.
Hardware Wallets:
- Ledger Nano X and Ledger Nano S are compatible with storing AGIX tokens.
- Transfer AGIX from exchanges like Coinbase or Kucoin to your Ledger wallet.
Freewallet:
- Use the Freewallet app on iOS and Android or the web version.
- Create a SingularityNET Token Wallet, which offers multi-level protection and fee-free transactions between Freewallet users.
- MyEtherWallet (MEW):
- Use MEW with Ledger Nano X access to manage your AGIX tokens.
It is essential to ensure the security of your tokens by using strong passwords, two-factor authentication, and keeping your seed phrases and private keys safe.
To buy SingularityNET (AGIX) tokens, follow these steps:
Choose a Cryptocurrency Exchange: Select a reputable exchange that supports AGIX trading, such as Binance, KuCoin, or Gate.io. Ensure the exchange is available in your country and compliant with local regulations.
Create an Account: Register on the chosen exchange's website or mobile app. Verify your email address and identity by providing a government-issued ID and enabling two-factor authentication for added security.
Deposit Funds: Add funds to your exchange account using a credit/debit card, bank transfer, or by transferring existing cryptocurrencies like USDT, ETH, or BNB. Be aware of any fees associated with these methods.
Buy AGIX: Use your deposited funds to purchase AGIX. You can either place an instant buy order at a fixed price or trade for AGIX on the spot market. The spot market allows you to set your own price, but the instant buy feature is typically more expensive.
Store Your AGIX: Once you have purchased AGIX, you can store it in your exchange account or transfer it to a personal crypto wallet for added security and control.
Remember to carefully consider the risks associated with investing in cryptocurrencies and ensure you understand the legal, regulatory, and tax implications in your region before making a purchase.