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What is SingularityDAO (SDAO)?
SingularityDAO basic info
What is SingularityDAO (SDAO)?
Singularity DAO is a DeFi protocol that is responsible for governing DynaSets, which are a diverse basket of cryptocurrency assets managed by AI and curated by the protocol. SingularityDAO aims to be a comprehensive platform for all things DeFi and brings AI-managed fund risk management strategies to the industry using SingularityNET's advanced AI technology. SingularityNET is a decentralized marketplace that uses blockchain to connect AIs in all fields, creating a synergistic AI team. Singularity DAO applies the principles of synergistic AI and democratic governance to cryptocurrency trading.
How does SingularityDAO (SDAO) Work?
SingularityDAO is a revolutionary DeFi protocol that uses AI to manage portfolios and execute efficient asset allocations alongside market-making functions to offer liquidity for high-quality tokens on DEXs. The investment model of SingularityDAO brings the power of DeFi to early-stage cryptocurrencies, unlocking significant value through increased liquidity. SingularityDAO is governed as a decentralized autonomous organization (DAO) by the governance token SDAO, an ERC-20 utility token that operates on the Ethereum blockchain. SDAO offers rights to participate in DAO governance voting events on the SingularityDAO protocol.
The DynaSet is a basic financial element managed by SingularityDAO and held by users in a noncustodial fashion. The Dynamic Asset Manager (DAM) manages the ratio of assets held by the DynaSet through trustless smart contracts, which could be a human, an automated system, or both. DynaSet can also be staked or used to provide liquidity to farm governance tokens used to participate in the governance of SingularityDAO. The user can withdraw their funds at any time, but there is a cooldown period under which they can only withdraw 33% of the total funds to prevent sudden withdrawals from throwing the basket out of balance. The manager has time to balance the assets by executing transactions on UniSwap during this cool-down period.
What is the SDAO Token?
Singularity DAO offers various ways for users to participate, including holding tokens or delegating voting power through an SDAO token holder. Delegates are not required to own SDAO tokens themselves, but they can temporarily hold voting power and delegate it to any wallet on the Ethereum blockchain, regardless of whether or not that wallet has an SDAO token.
Conclusion
In summary, SingularityDAO is an innovative advancement in the world of cryptocurrency. Its fusion of blockchain technology and artificial intelligence seeks to challenge conventional financial systems and provide individuals with more autonomy in the digital era. Through its emphasis on decentralization, democratization, and community-led governance, SingularityDAO has the capacity to transform our perceptions of finance, technology, and the influence of collaborative intelligence.
SDAO supply and tokenomics
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What is the development prospect and future value of SDAO?
The market value of SDAO currently stands at $20.03M, and its market ranking is #910. The value of SDAO is not widely recognized by the market. When the bull market comes, the market value of SDAO may have great growth potential.
As a new type of currency with innovative technology and unique use cases, SDAO has broad market potential and significant room for development. The distinctiveness and appeal of SDAO may attract the interest of specific groups, thereby driving up its market value.