The Panxora Holiday Countdown Award for December 20 is 20 Singularity tokens
Summary: Singularity.net (AGI) is a token of great interest as supports the development of artificial intelligence projects through the singularity protocol.
Details: The value and power of Artificial Intelligence is growing dramatically every year, and will soon dominate the internet – and the economy as a whole. However, AI tools today are fragmented by a closed development environment; most are developed by one company to perform one task, and there is no way to plug two tools together. SingularityNET aims to become the key protocol for networking AI and machine learning tools to form a coordinated Artificial General Intelligence.
SingularityNET is an open-source protocol and collection of smart contracts for a decentralized market of coordinated AI services. Within this framework, the benefits of AI become a global commons infrastructure for the benefit of all; anyone can access AI tech or become a stakeholder in its development. Anyone can add an AI/machine learning service to SingularityNET for use by the network, and receive network payment tokens in exchange.
SingularityNET is backed by the SingularityNET Foundation, which operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions, but shared by all. A key goal of SingularityNET is to ensure the technology is benevolent according to human standards, and the network is designed to incentivize and reward beneficial players.
AGI’s token sale ended in December 2017, when cryptocurrency had reached its pinnacle. The Market Cap was $36m at launch and has now settled to trading at about $26m which means that Singularity.net has not been hit as badly as some other tokens out there.
AGI can be used as collateral to back trading other instruments. (1:1) Fees.
Market cap at launch – $36m
Circulating Supply – 539,673,260 AGI
Total Supply – 1,000,000,000 AGI