What Is Singularity DAO (SDAO)?
The AI-powered Dynamic Asset Manager monitors trends and manages assets. Earn Performance and Management Fees when Alpha is generated above the hurdle rate. Singularity DAO is a decentralised, blockchain-based organisation with the main goal of governing DynaSets, diversified baskets of cryptocurrency assets dynamically managed by AI. Voting power in SingularityDAO is granted by the DAO token (SDAO).
The DAO allows users to vote on proposals using liquid democracy, also known as delegative democracy. In effect, this means users can vote directly on proposals, or take a more hands-off approach by delegating their tokens’ voting power to someone else to vote for them. The DAO will control, in a democratic way, which Dyna Sets are on the platform.
It will also have the power to make changes to the economic variables and protocols of the platform, or even amend governance protocols. Proposals can be tabled only by the DAO team at first, with this power being decentralized to the community of token holders progressively over 5 phases. DAO brings the sophisticated risk-management strategies of AI-managed funds to DeFi, using NET’s superior AI technology.
Singularity DAO Storage Key Points
|Coin Name||Singularity DAO|
|Circulating Supply||38,560,574.00 SDAO|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Spend less money on transaction fees thanks to the forge which batches Dyna Set user transactions. The full functionality of the Company’s proposed ecosystem and future tokens is not yet complete, and no assurance can be provided of such completion. The functionality of the Company’s proposed ecosystem and future tokens is complex and may require enhancements and product support over time, and full functionality may take longer than expected.
Dear AGI Token Holding Community
Singularity DAO would like to express our sincere gratitude and appreciation to you for your continued support, enthusiasm, feedback, immense knowledge, valuable contributions, and volunteering. Thanks to your vote in the Singularity NET Phase 2 proposal, Singularity will exist and will enrich the future of finance through a Decentralized Autonomous Organization enabling AI-powered DeFi portfolio’s. The reader is cautioned not to place undue reliance on forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
Background & Motivation
It was always your aim for Singularity DAO to be governed by its users. But this requires
careful design; democracy is an ideal which can and has been subverted. Representative democracy – the familiar kind where you elect a representative to speak for your interests – gets valid criticism for creating a specialised management class whose interests aren’t the same as those of the voters. The opposite is direct democracy. where everybody votes directly on the issues with no intermediary.
This is a purer way of giving people a voice, but brings a new problem the average voter doesn’t have time to read every proposal and consider both sides in detail. Liquid democracy combines the strengths of representative and direct democracy. Users can vote directly on proposals if they have the time and interest in doing so, or they can delegate their vote to a representative to make decisions for them. Users can take a hands-on approach and make all decisions for themselves, or they can save their time and entrust those decisions to someone else.
The Singularity DAO Governance Token
The Singularity DAO Governance Token, SDAO, is an ERC-20 utility token on the Ethereum blockchain that grants access to the SingularityDAO protocol. SDAO has utility in granting rights to participate in DAO governance voting events on the DAO protocol. Through several utility functions the SDAO Governance Token can interact with the Singularity Protocol smart contracts.
Owners of SDAO tokens can participate in DAO governance votes at all times, either through your own interaction with the Governance Proposals’ smart contract, or
indirectly by delegating your Voting Function to another wallet on the Ethereum blockchain.