Airdrops have always been single events.
That is for the most part.
So, whenever there is a longer than expected airdrop event that occurs, you can bet that it will draw a lot of interest.
This was the case with Singularity DAO who had a four-month-long Airdrop.
We were wondering why this occurred.
So, we spoke with Marcello Mari, who is the CEO of Singularity DAO.
Here is what he had to say about their four-month Airdrop of the AGIX token and more.
Marcello Mari, CEO at Singularity DAO
In a few words, what is the main idea/concept behind the SingularityDAO?
We are the DeFi spin-off of SingularityNET and we create a suite of AI tools to be used by retail investors and institutions.
Our core product are Dynasets, which are ETF-like baskets of tokens that are actively managed by AI.
How did you come up with the idea for this airdrop?
Ben Goertzel decided during the phase 2 proposal days that it would be valuable to give something back to the community for all their support.
He suggested 5% of total supply as a gift to AGIX token holders and we have honored the promise and support the initiative because there is nothing more important than community.
What is the method of valuation of the AGI Token?
We judge “value” by how much utilisation the token has on the network, this is not really related to a monetary number, but more the successful adoption of decentralised artificial intelligence.
What are the benefits for anyone who becomes a part of the Singularity DAO?
Primarily the benefit is being able to participate in governance.
We also offer staking and yield farming. And in the not too distant future we will introduce launchpad functionality for new projects.
Please, can you tell us more about governance of the Singularity DAO?
SDAO token holders will be involved in all major decisions that are made in regards to the future of the platform.
For instance, which exact stablecoin gets used on our platform, and more interestingly, what assets to include into the Dynasets.
Please, can you tell us more about the team behind Singularity DAO?
Well, starting off with myself, Marcello Mari, as the CEO.
I’ve had a career in journalism and PR, and became Head of PR for SingularityNET in 2017, managing to get the token launch covered on The New York Times and CNN among others.
Ben Goertzel, co-founder, is the world’s most renowned researcher on AGI, artificial general intelligence. He has over 25 books and over 150 research papers published and his list of achievements is too long to be covered here.
Mario Casiraghi is our CFO and he brings a ton of expertise in finance to the table, having worked at Bank of America, Merrill Lynch and RBS.
He also founded Xfinite prior to joining the SingularityNET ecosystem.
Apart from the founding team, there’s a tech team, trading team, UXUI design, marketing etc.
We’re about 45 people strong right now and expanding rapidly!
What are problems within the cryptocurrency space does Singularity DAO solve?
Currently DeFi is fairly simple, and we can do much better, providing more complex products while maintaining ease of use for our users.
Having AI managing Dynasets is our main product for this.
What are your thoughts on the rapid expansion of the decentralized finance (DeFi) space?
DeFi is here to stay, that’s for sure.
The growth over the past year is just the beginning.
Sadly this also brought a lot of empty-promise projects, but the legit projects will prevail over time.
We’ve only scratched the surface on what DeFi can and will do.
Related: How DeFi is Changing Finance in 2021
Please, can you tell us more about the key principles behind the Airdrop and how they affect the token economy of the Singularity DAO?
Being the very first spin-off of SingularityNET, we’re also the first to distribute 5% of our total supply to the AGIX token holder community.
The main aim was to distribute the governance token among as many people as possible, so we introduced a calculation to have smaller wallets receive relatively more SDAO tokens than whales.
This ensures a broad coverage of voices to be heard and acted on.
Please, can you give us a peek behind the curtains of the singularity DAO? Can you give us a brief overview of the Singularity DAO ecosystem?
SingularityDAO is the DeFi platform of the SingularityNET ecosystem.
Other parts of the ecosystem cover decentralized computing and storage (NuNet.io), healthcare and longevity (Rejuve.io), shaping Sophia the Robot her personality (SophiaDAO), media content creation (Mindplex) among others.
The coming months are fully packed with more spin-off project launching, you can stay up to date by following @snetann on Telegram.
Do you have any plans to launch an independent dex offering at anytime in the future? Please can you tell us more about this?
We have concluded our token launch in May, see this blogpost for full details:
How does the Singularity DAO increase the chances of mass cryptocurrency and allied technology adoption?
The platform helps users hedge against volatility of the assets included in the Dynasets.
This makes it easier to set and forget about your investment, as there is no micromanagement needed.
Please, can you tell us more about the AGIX liquidity pools on dexes?
Currently for AGIX the biggest one is on Uniswap, with about $1.5m volume over the past 24h, 1inch has about $200k volume.
SDAO has about $5m volume over the past 24h on Uniswap.
Please, can you tell us where you see the singularity DAO in the next five years?
In five years from now, the platform will be fully controlled by the community, possibly even without the need for a CEO 🙂
It will run a multitude of Dynasets across all major chains, consistently outperforming human trading.
The community will have their preferred assets included in the Dynasets.
Please, can you tell us more about decentralized artificial intelligence on the Singularity DAO and its role in making things happen?
The SingularityDAO tokenomic system provides an opportunity for individuals and institutions to purchase lower-liquidity altcoins corresponding to exciting technology projects in an implicit way, via purchasing DynaSets and the tokens derived from them.
The overall ecosystem has the potential to significantly decrease the volatility experienced by purchasers of such tokens, which will increase the viability of the projects corresponding to the tokens.
As one would expect from its origin within SingularityNET, SingularityDAO has been designed to make effective use of AI at every level.
AI robo-advisors will be used to manage many of the initial DynaSets; AI bots will be used for return generation based on DynaSets borrowed from yield farmers; and AI strategies will be used for hedging DynaSets and yield tokens so as to dampen volatility throughout the ecosystem.
Do you have any secrets you want to tell us? Care to spill the beans?
While we have a lot lined up for the coming months, there’s no secrets to share at the moment.
Nice try though 😉
If you had three wishes and a Genie that could make them come true, what would they be for the Singularity DAO and the cryptocurrency space?
For SingularityDAO I’d wish we can keep growing our team with the same level of genius we already have on board.
For the cryptocurrency space I’d wish for adoption to keep increasing, decentralization becoming the global norm.
And finally I’d wish scammers would stop their practices and invest their energy into something constructive!