SingularityDAO Roadmap Phase 2 🚀 Mid-2021 Progress Report — Part 2
Website || Twitter || Facebook || Instagram || Youtube || LinkedIn || Telegram || Medium || Subscribe to Newsletter
SingularityDAO
SingularityDAO is the first DeFi project that uses sophisticated machine learning in token markets, allowing AI to do the hard work of crypto asset management for you.
Minimize your risks by distributing your holdings over collections of tokens, and earn yields by putting your assets to work. Human and advanced AI-based Digital Asset Managers will guard your holdings and optimize revenue.
We are extremely proud of SingularityDAO. They had a very exciting first half-year, where they prepared and executed their token launch and won ‘DeFi Project of the Year’ at the AIBC Summit! It is hard to believe that it has been less than a year since SingularityDAO was first conceived!
SingularityDAO’s successful go-to-market
SingularityDAO is the first project that has now ‘officially’ spun off, meaning that they successfully completed their go-to-market strategy, which enables them to become independent from the SingularityNET Foundation. In order to spread governance of the DAO, they organized a series of community airdrops prioritizing the SingularityNET community, with a giveaway of 5% of the total of 100 million tokens, the biggest percentage of any project we’ve heard of.
SingularityDAO successfully hit a series of milestones over the past few months: a successful community token offering was followed by a successful launch of the MVP on Aug 2, with features including a token swap, liquidity provision, LP token farming, and staking. Then on Aug 18, bonded staking was added to the SingularityDAO Beta, allowing users to lock tokens to earn even greater rewards.
This successful launch has been a big learning process for the SingularityNET family, and future token launches in the SingularityNET ecosystem will build on that success and use what they’ve learnt. SingularityDAO is now expanding their team with a number of roles crucial to delivering quality products at scale.
Product feature timelines
DynaSets are dynamic collections of tokens that are actively managed by the DynaSet Asset Manager (DAM) which can be a human, an AI, or a human assisted by AI. Starting Q4, the first three DynaSets will be rolled out one by one. When the DynaSets are live, you will be able to maximize profits on your DynaSets and get additional rewards in SDAO, as described in the whitepaper.
With DynaSets, the platform’s main functionality will be live and working, but we will continue to evolve with the Governance portal Q4, which allows SDAO holders to vote on important decisions that involve the platform or the composition of DynaSets. The first voting event on SingularityDAO will be held later this year.
Here’s some of the things you can expect from SingularityDAO during the rest of this year:
- Early September: listing of the SDAO token on Orion Protocol, an aggregator of centralized and decentralized exchanges
- Early September: the SDAO token will be listed on Bancor’s decentralized exchange
- Mid-September: SingularityDAO will launch the token bridge allowing users to seamlessly move their tokens across Polygon/Matic, Binance Smart Chain, and Ethereum.
- September/October: you’ll be asked to take part in a vote that will decide which stablecoin is used on our platform. We are aware that there are strong feelings about Tether and want the community to vote on which stablecoin is used going forward. This will also serve as a pilot for the SingularityDAO voting mechanism, and helps us prepare for the Governance Portal launch scheduled later this year.
- Q4 will see our first DynaSet released. Bitcoin and Ethereum are the obvious choice here, along with a stablecoin for those times when things look bearish.
- By the end of Q4 the second and third DynaSets will be released. Stay tuned to hear what’s inside!
- In Q4 the SingularityDAO launchpad debut is planned, which enables projects to distribute new tokens.
- Around the same time, the governance portal will go live and the first Community Governance Event will be held.
- 2022: AI Agents, community-chosen DynaSets, Cardano integration.
SingularityDAO benefits the other spinoffs
SingularityDAO was conceived partly as a way to bring liquidity to low-cap or early-stage tokens. This can be of help to other spinoffs from SingularityNET (or projects that originate from our future DEEP funding process). When their tokens are added to a DynaSet, more parties gain the opportunity to acquire tokens, and the visibility of the token is boosted.
SingularityDAO is also partnering with NuNet, another of our spinoffs, which will provide crowdsourced computing power to SingularityDAO to run its AIs, while SingularityDAO can provide DeFi services to NuNet.
Depending on the timing of SingularityDAO’s launchpad, it may be used for other SingularityNET spinoffs, but regardless, it will be an important tool that can support new quality crypto projects by helping them get liquidity and perhaps being added to a DynaSet after their launch.
SingularityDAO’s progress has exceeded our expectations, and we are very confident about their future and see a lot of opportunities for further growth. Such a successful token launch gives encouragement and momentum for the future.
Check out the other parts of this huge 9-part update:
- Part 1 on the SingularityNET platform and our AI research
- Part 3 on NuNet, a decentralized computing platform
- Part 4 on Rejuve, an anti-aging spinoff
- Part 5 on Mindplex (formerly Xccelerando), a media platform
- Part 6 on Awakening Health, humanoid robotics in healthcare
- Part 7 on SophiaDAO, nurturing an artificially-intelligent mind
- Part 8 on Singularity Studio, populating the platform with more AIs
- Part 9 on TrueAGI, providing proto-AGI to enterprises
